This paper studies life reinsurance as a solution to default risk in equity-linked life insurance products with surplus … reinsurer and the insurer. In both cases, we analyze the existence of proportional reinsurance and the impact of the insurer …’s investment strategies on optimal reinsurance. We find that the more risky the insurer’s investment portfolio is, the more risk …

accurately estimated by the reinsurer. Using indemnity longevity swaps as an example of reinsurance product, we derive the …-world mortality data …

Adverse selection theory predicts that people with a high death risk are more likely to purchase life insurance. The …