A Review of Modern Collective Risk Theory with Dividend Strategies
44 Pages Posted: 21 Aug 2008 Last revised: 6 Aug 2015
Date Written: August 1, 2008
In his seminal paper, Bruno de Finetti (1957) laid the foundations of what would become an increasingly popular branch of risk theory: the study of dividend strategies. The recent burst of research in this field encouraged the author to carry out a systematic literature review of modern collective risk theory with dividend strategies. This paper aims at a taxonomical synthesis of the 50 years of research that followed de Finetti's original paper.
Keywords: Optimal dividends, Dividend strategies, de Finetti, Risk business, Review, Skip-free upwards, Skip-free downwards, Maximization of dividends, Ruin, Reinsurance
JEL Classification: C00, G20, G22, G31, G32, G35
Suggested Citation: Suggested Citation