Simulation for risk management: risk management of a P/C insurance company scenario generation, simulation and optimization

@inproceedings{Mulvey2003SimulationFR,
  title={Simulation for risk management: risk management of a P/C insurance company scenario generation, simulation and optimization},
  author={John M. Mulvey and Hafize G. Erkan},
  booktitle={Winter Simulation Conference},
  year={2003}
}
A large conglomerate such as a property/casualty insurance firm in this case, can be divided along business boundaries. This division might be along commercial lines, homeowner lines and perhaps across countries. An insurance firm's capital can be interpreted as a buffer that protects the company from insolvency and its inability to pay policyholder losses… CONTINUE READING