A Review of Modern Collective Risk Theory with Dividend Strategies

Abstract

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.