《金融学教学课件》bodie2e_chapter11复习课程.pptVIP

Copyright ? 2009 Pearson Education, Inc. Publishing as Prentice Hall 11.11 Diversification the Cost of Insurance When you purchase insurance, the premium, p, may be divided into two portions a, the actuary value of the good-faith risk b, the sales, administration, profits, and fraud The ratio a/p not always as high as one would like Self-Insurance Accordingly, accepting some of the risk yourself may be advisable in some situations When the correlation between risks is not high when the number of risks is relatively high when the risks are of the same magnitude 11.6 Basic Features of Insura