Modeling & Pricing
Insurance & Risk Management
Financial Markets, Modelling & Pricing
Post-Doctoral Fellowships
Belgium
Modern Actuarial Risk Theory
His approach on the dynamics that lead insurance companies to ruin is original: he plans to extend the ruin model, traditionally limited to insurance risk processes only, to the financial side of companies. From the policyholders’ point of view, it is important for the company to remain solvent. Shareholders, on the other hand, are more concerned with receiving as much dividend income as possible, and the issue of bankruptcy is less important to them. However, dividend payouts reduce the amount of capital of the company and thus increase the likelihood of bankruptcy. In his research, Loeffen looked at both points of view. His results could help determine optimal reserves and dividend streams, as well as be useful in solvency discussions. They may also help with modeling extreme and unexpected behaviors using certain insurance models.
Insurance Company Bankruptcy: Reconciling the Interests of Shareholders and Policyholders
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Ronnie
LOEFFEN
Institution
Université libre de Bruxelles
Country
Belgium
Nationality
Dutch
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