Combining NMR, high-speed centrifugal experiment, high pressure mercury injection and physical simulation experiment technologies, a new quantitative analysis method of oil occurrences in tight reservoir is put forward and applied to two tight oil blocks. Research shows that percentage of free...

Purpose – Demonstrates the feasibility of, and introduces a practical approach to enhancing, reinsurance efficiency using index-based instruments. Design/methodology/approach – First reviews the general mathematical framework of reinsurance optimization. Next, illustrates how index-based...

Purpose – Demonstrates the feasibility of, and introduces a practical approach to enhancing, reinsurance efficiency using index‐based instruments. Design/methodology/approach – First reviews the general mathematical framework of reinsurance optimization. Next, illustrates how index‐based...

This article provides a general introduction to using catastrophe models to optimally manage the risk of a portfolio of Property & Casualty (P&C) liabilities. There is increasing emphasis on the enterprise‐wide allocation of risk capacity for all financial intermediaries, e.g. banks, pensions,...

This article briefly reviews the background of weather derivatives. The primary goal is to develop a pricing scheme that accommodates and reflects their unique characteristics. Because the underlying indexes of weather derivatives are not traded, a no‐arbitrage model cannot be directly applied...

Industry loss index‐based risk transfer and management instruments such as the industry loss warranty (ILW) and other catastrophe insurance derivative products have proliferated in recent years. This article introduces an alternative measure of the ILW basis risk, specifically the conditional...