Cummins, J. David; Dionne, Georges; Gagné, Robert; … - Institut d'Économie Appliquée, HEC Montréal (École … - 2008
their underwriting risk.
Keywords: reinsurance, insolvency risk, risk management, financial intermediation, cost
functions ….2. Costs Analysis
Most previous studies estimating insurer cost functions consider only the net business
assumed, excluding …