sensitivity and damage rate hedging effects to deal with future economic and climatic and damage risks. …

main aim is to minimize this shortfall risk by making use of results from bsde theory. …

We study option pricing and hedging with uncertainty about a Black-Scholes reference model which is dynamically … option, delta-vega hedging is asymptotically optimal in the limit for small uncertainty aversion. The corresponding …

-linked securities. It considers the trade-offs an insurer or reinsurer faces in selecting a hedging strategy. We compare index and … indemnity-based hedging as alternative design choices and ask which is capable of creating the greater value for shareholders … problem yields a conflict of interest between shareholders and other stakeholders. Given the fact that hedging may improve the …