Risk Theory Applications in Sustainable Economy
A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".
Deadline for manuscript submissions: closed (1 December 2021) | Viewed by 2148
Special Issue Editor
Interests: risk theory; actuarial science; macroeconomics
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
Risk theory provides the mathematical background for sustainable insurance businesses. Furthermore, insurance represents a tool for the stabilization of the market and the preservation of the economic equilibrium. These two links are the focus of this Special Issue, and represent a contemporary approach towards the determination of the prerequisites for economic stability.
The case of large claims is very interesting as a major reason for insurance instability, and the manipulation of such claims plays a crucial role in the operation of the insurance system. The optimization of the reserves and premiums is also relevant. Numerical and analytical methods can be very useful.
Economic instability produces unpredictable difficulties in insurance practice. On the one hand, there is less liquidity in the market and on the other the claim distributions develop heavier tails. The results typically provide some economic insight and should be oriented to practical applications in the market. Insurance factors can have access to confidential information that helps to take optimal decisions.
Prof. Dr. Dimitrios G. Konstantinides
Guest Editor
Manuscript Submission Information
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Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.
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Keywords
- heavy tails
- asymptotic analysis
- dependence modelling
- risk measures
- general equilibrium, saddle point approximation
- utility theory
- game theory
- asymmetric information
