-based contracts as a substitute for the Standard Reinsurance Agreement (SRA). The contract we analyze here is a Group Revenue Contract … suggests that this reinsurance tool would eliminate most though not all of the systemic risk associated with this product. The … insurance company would have to purchase supplemental reinsurance to complement the exchange-based product, but the level of …

This paper investigates the optimal design of weather bonds for reinsurance purposes. The motivation for this task … insurers ask for. Since reinsurance costs constitute a major cost component of insurance premiums, minimizing these costs could …

occurrence of a naturaldisaster, the reconstruction can be financed with catastrophe bonds(CAT bonds) or reinsurance. This paper … sidesof the contract, the reinsurance and the capital markets, and from the historicaldata. The results demonstrate that …, under specific conditions, thefinancial strategy of the government, a mix of reinsurance and CAT bond, isoptimal in the …

reinsurance. For insurers, reinsurers and other corporations CAT bonds provide multi year protection without the credit risk … present in reinsurance. For investors CAT bonds offer attractive returns and reduction of portfolio risk, since CAT bonds …

Essay One examines the asymmetric information problem between primary insurers and reinsurers in the reinsurance … selection exists in the reinsurance market between the affiliated insurers and non-affiliated reinsurers, and even between … reinsurance market.To address the issue of soaring property insurance premiums and coverage availability in states that are …

. Two different empirical studies are donewith data sets from Australian companies: 1) one study on reinsurance demand;and 2 …

Kapitalstruktur wählen. Allerdings ist die Kapitalstrukturtheorie trotz intensiver Forschung über fast fünf Jahrzehnte immer noch … Manager im Detail dabei welchen Einfluss auf die Entscheidungen für die Kapitalstruktur haben, ist bisher allerdings empirisch … der Kapitalstruktur eine relevante Rolle spielen. Im Speziellen kann durch die Berücksichtigung der Overconfidence des …

Kapitalstruktur, die dynamische Steuerung des Unternehmensrisikos und die nicht normale Verteilung der Firmenrendite. Im zweiten …