---------- Forwarded message ---------- Date: Wed, 11 Oct 2006 13:07:06 +0200 From: Annette Weihs <annette.weihs(a)oeaw.ac.at> Subject: [Ricam-all] RICAM Group-Seminar - Financial Mathematics: Prof. Christian Hipp - Nov. 9, 10:30 GROUP: Financial Mathematics Prof. Christian Hipp University of Karlsruhe Thursday, November 9, 10:30, HF136 Title: Ruin probabilities: the right risk measure for insurers Abstract: Ruin probabilities are classical risk measures for insurance which, however, are used scarcely in real world. We emphasize the importance of ruin probabilities, show that they can be computed easily even for complex problems, and demonstrate how they facili-tate control problems. In the case of insurance risk management with tax, we compute ruin probabilities as well as total present value of collected tax. With these results we answer the question wether a tax authority should tax an insurer who is close to ruin. Annette Weihs Johann Radon Institute for Computational and Applied Mathematics (RICAM) Austrian Academy of Sciences Altenbergerstr. 69 A-4040 Linz Tel.: +43 (0)732 2468-5211 Fax: +43 (0)732 2468-5212 e-mail: annette.weihs(a)oeaw.ac.at http://www.ricam.oeaw.ac.at [attachment with close to equal content removed by admin]