Chapter 14 Uncertainty and the Emergence of Insurance.

15
Chapter 14 Uncertainty and the Emergence of Insurance

TAGS:

Transcript of Chapter 14 Uncertainty and the Emergence of Insurance.

Page 1: Chapter 14 Uncertainty and the Emergence of Insurance.

Chapter 14

Uncertainty and theEmergence of Insurance

Page 2: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 2

Figure 14.1 Discrete Probability Distribution

Page 3: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 3

Figure 14.2 Continuous Probability Distributions

Page 4: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 4

Figure 14.3(a) Two Investments in Wheat Production

Page 5: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 5

Figure 14.3(b) Two Investments in Wheat Production

Page 6: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 6

Figure 14.4 Risk Neutrality

Page 7: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 7

Figure 14.5 Risk Aversion

Page 8: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 8

Figure 14.6 Risk Preference

Page 9: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 9

Figure 14.7 Risk Aversion and Insurance

Page 10: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 10

Figure 14.8 Risk Preference and Insurance

Page 11: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 11

Figure 14.9(a) Risk-Averse Geoffreys and Risk-Preferring Elizabeths

Page 12: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 12

Figure 14.9(b) Risk-Averse Geoffreys and Risk-Preferring Elizabeths

Page 13: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 13

Figure 14.10 Willingness to Sell Insurance

Page 14: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 14

Figure 14.11(a) Risk and Variance

Page 15: Chapter 14 Uncertainty and the Emergence of Insurance.

Copyright © 2001 Addison Wesley Longman

Slide 14- 15

Figure 14.11(b) Risk and Variance


IASB Insurance Contracts Earnings Emergence - SOA · IASB Insurance Contracts Earnings Emergence February 2014 SPONSORED BY Financial Reporting Section Society of Actuaries PREPARED

IASB Insurance Contracts Earnings Emergence - SOA · IASB Insurance Contracts Earnings Emergence February 2014 SPONSORED BY Financial Reporting Section Society of Actuaries PREPARED

Structural Change in Insurance: The Emergence of …ceur-ws.org/Vol-2397/paper4.pdf · 2019-07-03 · 1 Structural Change in Insurance: The Emergence of Comprehensive Value Networks

Structural Change in Insurance: The Emergence of …ceur-ws.org/Vol-2397/paper4.pdf · 2019-07-03 · 1 Structural Change in Insurance: The Emergence of Comprehensive Value Networks

Cyber Liability Risk Management: Insurance, Capital ... · Cyber Liability Risk Management: Insurance, Capital Markets and the Emergence of Comprehensive Security Standards ... (first

Cyber Liability Risk Management: Insurance, Capital ... · Cyber Liability Risk Management: Insurance, Capital Markets and the Emergence of Comprehensive Security Standards ... (first

A Discussion of Parameter and Model Uncertainty in Insuranceandrewc/papers/ajgc24.pdf · A Discussion of Parameter and Model Uncertainty in Insurance Andrew J.G. Cairns Department

A Discussion of Parameter and Model Uncertainty in Insuranceandrewc/papers/ajgc24.pdf · A Discussion of Parameter and Model Uncertainty in Insurance Andrew J.G. Cairns Department

Uncertainty - UCSB Department of Economicsecon.ucsb.edu/~grossman/teaching/Econ100B_Spring2009/uncertainty... · Choice Under Uncertainty Insurance Diversi cation & Risk Sharing AIG

Uncertainty - UCSB Department of Economicsecon.ucsb.edu/~grossman/teaching/Econ100B_Spring2009/uncertainty... · Choice Under Uncertainty Insurance Diversi cation & Risk Sharing AIG

Types of Insurance Essentials - Miss Kakelamisskakela.weebly.com/uploads/8/...of_insurance_essentials...7.10.1.… · What is Insurance? Risk is the uncertainty about a situation’s

Types of Insurance Essentials - Miss Kakelamisskakela.weebly.com/uploads/8/...of_insurance_essentials...7.10.1.… · What is Insurance? Risk is the uncertainty about a situation’s

Cyber Liability Insurance and the Emergence of ... · Cyber Liability Insurance and the Emergence of Comprehensive Security Standards ... Products System Integration ... (first party

Cyber Liability Insurance and the Emergence of ... · Cyber Liability Insurance and the Emergence of Comprehensive Security Standards ... Products System Integration ... (first party

The Nature of Insurance Insurance = replace the (certainty/uncertainty) of risks with (certainty/uncertainty).

The Nature of Insurance Insurance = replace the (certainty/uncertainty) of risks with (certainty/uncertainty).

CROP INSURANCE AND QUALITY UNCERTAINTY A Thesis

CROP INSURANCE AND QUALITY UNCERTAINTY A Thesis

Big Data and Insurance: Implications for Innovation ... · The emergence of big data, however, raises several concerns regarding privacy, personalisation of insurance and competition,

Big Data and Insurance: Implications for Innovation ... · The emergence of big data, however, raises several concerns regarding privacy, personalisation of insurance and competition,

Emergence of local interaction and quantum uncertainty from Mobius invariance C.S. Lam McGill UBC, Canada (with Y.-P. Yao, U Michigan)

Emergence of local interaction and quantum uncertainty from Mobius invariance C.S. Lam McGill UBC, Canada (with Y.-P. Yao, U Michigan)

The emergence of metacognition: affect and uncertainty in ...

The emergence of metacognition: affect and uncertainty in ...

Emergence & trends general insurance

Emergence & trends general insurance

Cyber Liability Insurance and the Emergence of ...com.ohio.gov/documents/fiin...Cyber Liability Insurance and the Emergence of Comprehensive Security Standards J. Kevin A. McKechnie

Cyber Liability Insurance and the Emergence of ...com.ohio.gov/documents/fiin...Cyber Liability Insurance and the Emergence of Comprehensive Security Standards J. Kevin A. McKechnie

MARKET BASED TOOLS FOR MANAGING THE LIFE ......market based valuation of life insurance policies. When financial uncertainty (i.e. concerning capital markets) and actuarial uncertainty

MARKET BASED TOOLS FOR MANAGING THE LIFE ......market based valuation of life insurance policies. When financial uncertainty (i.e. concerning capital markets) and actuarial uncertainty

Risk Aggregation with Dependence Uncertainty - … · Model uncertainty on the risk assessment of an ... Risk and Insurance ... R. Wang, (2013) Risk Aggregation with Dependence Uncertainty,

Risk Aggregation with Dependence Uncertainty - … · Model uncertainty on the risk assessment of an ... Risk and Insurance ... R. Wang, (2013) Risk Aggregation with Dependence Uncertainty,

An air of uncertainty: private security regulation in …An air of uncertainty: private security regulation in Victoria Ian Warren* 1. Introduction The rapid emergence of private security

An air of uncertainty: private security regulation in …An air of uncertainty: private security regulation in Victoria Ian Warren* 1. Introduction The rapid emergence of private security

Strategic Uncertainty as a Cause of WarStrategic Uncertainty as a Cause of War 329 The present paper helps to explain the emergence and persistence of asymmetric information about

Strategic Uncertainty as a Cause of WarStrategic Uncertainty as a Cause of War 329 The present paper helps to explain the emergence and persistence of asymmetric information about

Parameter Uncertainty - Member | SOA all fields of insurance and risk management, understanding the uncertainty associated with model estimates is essential to properly quantifying

Parameter Uncertainty - Member | SOA all fields of insurance and risk management, understanding the uncertainty associated with model estimates is essential to properly quantifying

In An Age of Uncertainty, the Insurance Industry Turns to Geocoding

In An Age of Uncertainty, the Insurance Industry Turns to Geocoding