ABSTRACT
His tor ica l ly , the ind iv idua l theory came as a first phase i n the
development of risk theory. In practice, however, it is inconvenient
for handl ing large risk collectives and is therefore usually replaced
His tor ica l ly , the ind iv idua l theory came as a first phase i n the
development of risk theory. In practice, however, it is inconvenient
for handl ing large risk collectives and is therefore usually replaced