Reserves and profits in a life insurance portfolio

  • Annamaria OlivieriEmail author
  • Ermanno Pitacco


When shifting from individual reserves to the portfolio reserve, various specific problems arise, although many basic ideas about the individual reserving process keep their validity.

In particular, as in the individual case, the portfolio reserve can be looked at under two different perspectives:

• an amount which quantifies the expected insurer’s liability for future benefits, net of future premiums;

• assets, provided by the accumulation of (part of) the premiums, facing the liability mentioned above.


Insurance Portfolio Portfolio Size Risk Margin Solvency Capital Requirement Annual Premium 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Dipartimento di EconomiaUniversità di ParmaParmaItaly
  2. 2.Dipartimento di Scienze Economiche, Aziendali, Matematiche e StatisticheUniversità di TriesteTriesteItaly

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