Breuer, Anja; Staudt, Yves - In: Risks : open access journal 10 (2022) 3, pp. 1-41
Equalization reserves is an insurance liability with features of own capital. By law, Swiss reinsurance and non … reserves are set to zero. Swiss reinsurance and non-life undertakings define the upper limit and the corresponding transfer … reserves. For reinsurance undertakings, the GAM model captures the relationship better than the GLM one; for non …