Abstract for:Insurance Dynamics
This paper investigates dynamics encountered in insurance management. An insurance company is
represented as consisting of a small number of stocks and associated flows.
Feedback structures between these elements are explored using causal loop diagrams. The potential
dynamic behavior resulting from these structures are discussed along with the factors that determine
alternative modes of behavior.
These structures are then combined into an integrated model along with proposed variable
formulations. Simulation is used to assess the behavior of their combined dynamics.