This paper presents a dynamic model of the reinsurance market for catastrophe risks. The model is based on the … features with the real market. In particular, market price increases and reinsurance coverage decreases after large shocks, and … reducing reinsurance supply, and the market is segregated into strategic large actors that influence market prices and price …

In this paper, we consider optimal reinsurance from an insurer's point of view. Given a (low) ruin probability target …, insurers want to find the optimal risk transfer mechanism, i.e. either a proportional or a nonproportional reinsurance treaty …. Since it is usually admitted that reinsurance should lower ruin probabilities, it should be easy to derive an efficient …

A captive is an insurance or reinsurance company established by a parent group to finance its own risks. Captives mix … firstly business units to insurance captives or to "fronters" through insurance contracts, secondly fronters to reinsurance … captives through the cession of risks and thirdly insurance or reinsurance captives to reinsurers through cessions or …

This paper aims at presenting the insurance cost-of-capital com- putation issue. It highlights two methodologies … premium adopted by supervisory authorities. These strategies are based either on market return of insurance companies or on … the modelling of insurance business profit and loss. We estimate a cost-of-capital rate corre- sponding to these basic …

. Furthermore, farmers have little access to traditional crop insurance, which suffers from high information asymmetry and … design such projects in order to choose the meteorological index, the indemnity schedule and the insurance premium, is …

We study an economy where intermediaries compete over contracts in a nonexclusive insurance market affected by moral …

We consider a competitive insurance market in which agents can privately enter into multicontractual insurance … relationships and undertake hidden actions. We study the existence of linear equilibria when insurance companies do not have any … types of linear equilibria could exist: A first one in which insurance companies make zero expected profits, and a second …