how insurance co works/from where i can get the detail formulas of risk probablity.?
Posted on Jun 26, 2008 under Insurance Information |Yeh, i'd like to know how insurance co survive against the claims or how manage the risk of loss.
kingkings.com
Insurance Information
June 26th, 2008 at 6:40 am
Actuaries spend many years studying exactly this.
Basically, insurance companies insure a portfolio of risks which reduces the variability of claims, compared to an individual who either has a claim or does not.
Try your library for an introduction to insurance textbook.
June 26th, 2008 at 6:40 am
You won't.
Most companies treat their own actuarial assessment of risk as a very private, trade secret.
I'd call the insurance professor at your local university and ask in more general terms about risk assessment.
Or take an actuary class.
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