Titlebook: Life Insurance Mathematics; Hans U. Gerber Textbook 1997Latest edition Springer-Verlag Berlin Heidelberg 1997 Excel.Finance.Lebensversiche

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The Total Claim Amount in a Portfolio,We consider a certain portfolio of insurance policies and the total amount of claims arising from it during a given period (e.g. a year). We are particularly interested in the probability distribution of the total claim amount, which will allow us to estimate the risk and show whether or not there is a need for reinsurance.

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The Mathematics of Compound Interest, gives an introduction to the first topic. The probabilistic model will be introduced in the next chapter; however, it is assumed that the reader is familiar with the basic principles of probability theory.

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