distributed through the insurance and reinsurance systems. However, because insurance companies tend to share relatively small …

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 …

with natural hazards, such as hurricanes and earthquakes. Risk management theory suggests protection by insurers and other … relatively little cat reinsurance against large events. We also find that premiums are high relative to expected losses …, especially after cat events. We then examine clinical evidence to understand why the theory fails. Specifically, we examine …

transferring risk are being explored. The paper studies several recent transactions by USAA which use reinsurance capacity from … demonstrate that both features deviate from what theory would predict, yet are characteristic of many transactions, not simply …

risky investment, underwriting, reinsurance, and hedging; and ii) the allocation of risk across all of these opportunities …

parameterize seventeen common structural models (e.g., expected utility, cumulative prospect theory). Subjects also make twelve …

risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance …-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate …-exposed households to face $700 higher annual premiums by 2053. Our results highlight that prices in global reinsurance markets pass …