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Huebner International Series on Risk, Insurance, and Economic Security
The authors challenge the traditional balance sheet concept of the solvency of a general insurance company and put forward an emerging costs concept, which enables the true nature of the assets and liabilities to be taken into account, including their essential variability. Simulation is suggested as a powerful tool for use in examining the financial strength of a company. A simulation model is then used to explore the resilience of a company's financial position to a variety of possibledoi:10.1007/978-94-009-2506-9_4 fatcat:czjx76jnzzdqndzsfob6laiwse