The Munich Re was founded in 1880 and is from the very start till this day one of the leading insurance companies in …

Insurance and reinsurance markets are exposed to influence of unsystematic catastrophe risk, which is caused by adverse … variables. Analysis is focused on specific conditions of the Czech insurance market in context of reinsurance market. The … catastrophe losses, impacts of floods, amount of premium written and reinsurance premium with respect to relations among selected …

Abstract This paper estimates a reduced-form model to assess the credit risk of General Insurance (GI) non-life firms … business lines; there is default clustering in the GI industry; different reinsurance levels also affect the credit risk of … insurance firms. The implications of these findings for regulators of GI firms under the coming Solvency II are discussed. …

management) may depend on their access to capital markets. The property-casualty insurance industry has two features that make it …

and the banking/insurance/reinsurance industry. Koch (2017) introduced a notion of spatial risk measure and a …

We develop an agent-based simulation of the catastrophe insurance and reinsurance industry and use it to study the … problem of risk model homogeneity. The model simulates the balance sheets of insurance firms, who collect premiums from … their investors and use either reinsurance contracts or cat bonds to hedge their tail risk. The model generates plausible …

This paper estimates a reduced-form model to assess the credit risk of General Insurance (GI) non-life firms in the UK … business lines; there is default clustering in the GI industry; different reinsurance levels also affect the credit risk of … insurance firms. The implications of these findings for regulators of GI firms under the coming Solvency II are discussed. …

It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public …

Solvency II requirements introduced new issues for actuarial risk management in non-life insurance, challenging the … depending on the insurance risks and technical results on either a short-term and medium-term perspective. For this aim, in the … of some different business mixes is analyzed. Furthermore, the risk-mitigation and profitability impact of reinsurance in …