Description: This paper presents an introduction to collective risk theory. In collective risk theory one seeks to investigate directly the risk enterprise as a whole. Primary interest is focused not upon the gains, losses, or claims from individual policies but upon the amount of total claims or the total gain arising from all the policies in the portfolio considered. Followed by several discussion papers submitted.

Description: Discusses smaller company issues: retention limits policies, choosing type of company to reinsure with and basis for reinsurance, use of catastrophe and stop-loss coverages, and simplified reinsurance administrative methods.