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 …

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 …

Podkarpackie voivodship. Based on the results of research, the article will present both the current state of insurance in local … insurance business in LGUs. The primary objective of this paper is to determine the procedures for concluding the insurance in … LGUs, and also defining the types of insurance most often executed by these entities, and indication of the intermediaries …

The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a … insurance as a retrospective (post-loss) risk financing tool and the risk transfer mechanism upon it. As the risk financing tool … insurance reduces the need for the balance-sheet capital in a company and thus the financial distress costs. Also, insurance may …

The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a … insurance as a retrospective (post-loss) risk financing tool and the risk transfer mechanism upon it. As the risk financing tool … insurance reduces the need for the balance-sheet capital in a company and thus the financial distress costs. Also, insurance may …

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 …

In this paper, we consider a company that wishes to determine the optimal reinsurance strategy minimising the total … a Brownian motion with drift, and the reinsurance price is modelled by a continuous-time Markov chain with two states …. The presence of regime-switching substantially complicates the optimal reinsurance problem, as the surplus …

fixed proportion. It serves as a classical framework of a quota-share reinsurance contract for a given business line. Such a … using Monte Carlo simulations and compare it with Theorem 2 in Avram, Palmowski and Pistorius [Insurance: Mathematics and …