Dong, Weimin; Shah, Haresh; Wong, Felix - In: Journal of Risk and Uncertainty 12 (1996) 2-3, pp. 201-18
A methodology for rational pricing of catastrophe insurance is described. The methodology has two components: a solvency- and stability-based framework, and an engine to quantify the loss variability that drives solvency and stability. Generalization to account for contagious effects of...