Pricing Double-Trigger Reinsurance Contracts: Financial versus Actuarial Approach

Risk transfer between primary insurance and reinsurance companies today takes place against a backdrop of major changes in international insurance and financial markets. One of these changes is the trend for the two markets to converge. This trend manifests itself in a growing number of product innovations, subsumed under the terms Alternative Risk Transfer (ART) and Financial Reinsurance. Certain aspects of these innovations have been examined by others, but this is not the case for double-trigger reinsurance contracts. [editors EconBiz]Dieses Arbeitspapier ist ebenfalls als Aufsatz erschienen in: The Journal of Risk and Insurance, Vol. 69 (2002), Heft 4, S. 449-468. (Redaktion EconBiz)