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analyzed in this paper reinsurance markets are unable to cope with this risk completely. Insurance-linked securities, such as …
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for the insurance industry. Against this background, the combination of reinsurance and capital market solutions … and idiosyncratic risks. We focus on the impact of regulation on risk transfer, by differentiating reinsurance and … to quite different results in terms of global risk-sharing. reinsurance ; risk sharing ; risk measures ; longevity risk …
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Risk transfer is a key risk and capital management tool for insurance companies. Transferring risk between insurers is used to mitigate risk and manage capital re- quirements. We investigate risk transfer in the context of a network environment of insurers and consider capital costs and capital...
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the retention level as well as the time at which subscribing a perpetual reinsurance contract. The surplus process of the … total discounted flow of capital injections needed to avoid bankruptcy and of the fixed activation cost of the reinsurance … of proportional and excess-of-loss reinsurance, by providing a numerical study of the dependency of the optimal solution …
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