We provide a novel benefit of "Alternative Risk Transfer" (ART) products with parametric or index triggers. When a … reinsurer has private information about his client's risk, outside reinsurers will price their reinsurance offer less …. This creates a hold-up problem that allows the incumbent to extract an information rent. An information-insensitive ART …

We provide a novel benefit of "Alternative Risk Transfer" (ART) products with parametric or index triggers. When a … reinsurer has private information about his client’s risk, outside reinsurers will price their reinsurance offer less …. This creates a hold-up problem that allows the incumbent to extract an information rent. An informationinsensitive ART …

business lines; there is default clustering in the GI industry; different reinsurance levels also affect the credit risk of …

, with a specific view of the business of insurance and reinsurance companies, who are responding to the widening of the … improving the insurance coverage related to pandemics by establishing (re)insurance schemes and pooling arrangements for other …

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 …