In this paper, we consider a one-period optimal reinsurance design model with n reinsurers and an insurer. For very general preferences of the insurer, we obtain that there exists a very intuitive pricing formula for all reinsurers that use a distortion premium principle. The insurer determines...

Introduction: Insurance and its Economic Role -- Risk: Measurement, Perception, and Management.- Insurance Demand I: Decisions under Risk without Diversification Possibilities.- Insurance Demand II: Decisions under Risk with Diversification Possibilities.- The Insurance Company and its Insurance...

Introduction: Insurance and Its Economic Role -- Risks: Measurement, Perception, and Management -- Insurance Demand I: Decisions Under Risk Without Diversification Possibilities -- Insurance Demand II: Nontraditional Approaches to Decisions Under Risk -- Insurance Demand III: Decisions Under...