As cyber events have virtually no geographical limitations and can result in economic losses on a global scale, the assessment of return periods for such economic losses is currently debated among experts. The potential accumulation of consequential insurance losses due to intrusions or viruses...

As cyber events have virtually no geographical limitations and can result in economic losses on a global scale, the assessment of return periods for such economic losses is currently debated among experts. The potential accumulation of consequential insurance losses due to intrusions or viruses...

In the same spirit as the Mack standard deviation for non-life reserves, which can be estimated with a closed-form formula applied to a loss development triangle (see Mack 1993), this article introduces a closed-form formula to estimate the skewness of non-life reserves which can also be applied...

Following the recent political events which occurred in different countries (e.g. Arab spring started in 2010), the Political Risk Insurance (and Reinsurance) market continues to grow rapidly. However, when looking at the available scientific literature related to the pricing of such products,...

In order to get more insights into the characteristics of the non-life reserve risk distribution, the Cornish-Fisher expansion model is used. For this model, the knowledge of the first four moments of the distribution is necessary. These moments are derived using closed-form formulas. For the...

The Bornhuetter-Ferguson method belongs to the most popular method used to project non-life paid or incurred triangles. For this method, T. Mack (2008) developed a stochastic model allowing the estimation of the prediction error resulting from such projections. Based on this proposed stochastic...

Following the implementation of Solvency 2 in Europe and other parts of the world, many (re)insurance companies decided to put in place Internal Models. The central part of an internal model is its aggregation tree and the calibration of the aggregation tree has been the subject of many...