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The article discusses particular forms of reinsurance treaties that are used within activities of insurance companies … different ways of the risk transfer. Reinsurance is necessary to perform correct financial economy of an insurance company …. Hence, appropriate selection of a scope and methods of reinsurance in the context of insuring risks of catastrophical nature …
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This paper examines the optimal design of insurance and reinsurance policies. We first consider reinsurance for … catastrophes: risks which are large for any one insurer but not for the reinsurance market as a whole. Reinsurance for catastrophes … public optimal reinsurance employs a deductible-style deductible-style excess-of-loss policy, and when is is private but the …
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The aim of this paper is to merge order statistics with natural catastrophe reinsurance pricing to develop new …
Persistent link: https://www.econbiz.de/10012508519
This paper examines the optimal design of insurance and reinsurance policies. We first consider reinsurance for … catastrophes: risks which are large for any one insurer but not for the reinsurance market as a whole. Reinsurance for catastrophes … public optimal reinsurance employs a deductible-style deductible-style excess-of-loss policy, and when is is private but the …
Persistent link: https://www.econbiz.de/10012472911
model. Relative to securitization, reinsurance features lower adverse selection costs because reinsurers possess superior … underwriting resources than ordinary capital market investors. Reinsurance premia, however, reflect markups over actuarially fair … reinsurance relative to securitization. In equilibrium, low risks are transferred via reinsurance, while intermediate and high …
Persistent link: https://www.econbiz.de/10012915537
This study presents an easy-to-handle approach to measuring the severity of reinsurance that faces a system of … dependent claims, where the reinsurance contracts are of excess loss or proportional loss. The proposed approach is a natural … generalization of common reinsurance methodologies providing a conservative framework that deals with the fundamental question of how …
Persistent link: https://www.econbiz.de/10014246287