This paper deals with the optimization of proportional reinsurance when the control process is the fraction of new insurance contracts reinsured at each time t. The reserve, when applying the reinsurance policy, appears to be the convolution product of the control function and the process which...

Information Technologies (IT) induce many innovations in service industries. Innovations in IT highlight the peculiarities of innovation in service industries compared to manufactured-goods industries. Because innovations often affect competitiveness, service-providers attach a high importance...