Lemoyne de Forges, Sabine; Bibas, Ruben; Hallegatte, … - 2012
This paper presents a dynamic model of the reinsurance market for catastrophe risks. The model is based on the … features with the real market. In particular, market price increases and reinsurance coverage decreases after large shocks, and … reducing reinsurance supply, and the market is segregated into strategic large actors that influence market prices and price …
