supply of intermediary capital is perfectly elastic. We take the US catastrophe reinsurance market as an example, using … results suggest that the price of reinsurance generally exceeds fair' values, particularly in the aftermath of large events …

relatively little cat reinsurance against large events. We also find that premiums are high relative to expected losses … transactions that look to capital markets, rather than traditional reinsurance markets, for risk-bearing capacity. These provide …

relatively little cat reinsurance against large events. We also find that premiums are high relative to expected losses … transactions that look to capital markets, rather than traditional reinsurance markets, for risk-bearing capacity. These provide …

transferring risk are being explored. The paper studies several recent transactions by USAA which use reinsurance capacity from …

Life insurers use reinsurance to move liabilities from regulated and rated companies that sell policies to shadow … reinsurers, which are less regulated and unrated off-balance-sheet entities within the same insurance group. U.S. life insurance … using shadow insurance, which capture half of the market share, ceded 25 cents of every dollar insured to shadow reinsurers …

Catastrophe bonds feature full collateralization of the underlying risk transfer, and thus abandon the insurance …

This paper examines the optimal design of insurance and reinsurance policies. We first consider reinsurance for …. Premium risk emerges as an important part of risk, which reinsurance and primary insurance markets do not adequately diversify.quot … catastrophes: risks which are large for any one insurer but not for the reinsurance market as a whole. Reinsurance for catastrophes …

relatively little cat reinsurance against large events. We also find that premiums are high relative to expected losses … transactions that look to capital markets, rather than traditional reinsurance markets, for risk-bearing capacity. These provide …

Two of the three elements of the ACA's “premium stabilization program,” reinsurance and risk corridors, are set to … adjustment model itself are mathematically equivalent to a conventional actuarially fair reinsurance policy. Furthermore, closely … related modifications of the transfer formula or the risk adjustment model can improve on conventional reinsurance by figuring …

the optimal insurance policy for insurers. Then, we simulate the insurer's cost distribution under reinsurance and risk …In order to encourage entry and lower prices, most regulated markets for health insurance include policies that seek to … reduce the uncertainty faced by insurers. In addition to risk adjustment of premiums paid to plans, the Health Insurance …