Results 61 to 70 of about 38,310 (188)
Optimal Dynamic Reinsurance [PDF]
We consider a classical surplus process where the insurer can choose a different level of reinsurance at the start of each year. We assume the insurer’s objective is to minimise the probability of ruin up to some given time horizon, either in discrete or continuous time. We develop formulae for ruin probabilities under the optimal reinsurance strategy,
DICKSON, D., WATERS, H.
openaire +2 more sources
External Actors, Pressures and Influences: European Integration and the Outside World
Abstract The European Union (EU) increasingly faces external pressures, ranging from Russia's war of aggression against Ukraine to an economically and politically assertive China to deep changes in the transatlantic relationship with the United States.
Christian Freudlsperger, Lucas Schramm
wiley +1 more source
Know Your Lanes: Unpacking Theoretical Plurality Across Studies of Professions
Abstract Professions continue to be central to understanding organizing in the 21st century. The literature on professions is segmented into theoretical conversations that offer different conceptualizations of professions and theoretical concerns. Through an analysis of the literature, we unpack four lanes – teleological, institutional, ecological, and
Ruthanne Huising, Pauli Pakarinen
wiley +1 more source
Welfare consequences of the compound risks of index insurance
Abstract Index insurance is an attractive variant on the standard insurance contract that allows the determination of a loss event to be defined by one or more thresholds on an index that is positively correlated with actual losses. Index insurance also comes with a compound risk, basis risk.
Glenn Harrison +4 more
wiley +1 more source
ABSTRACT Given the ongoing climate crisis, the frequency and severity of natural disasters are increasing. These events result in enormous reconstruction costs, pose a high burden on state budgets, and potentially drive homeowners into private insolvency.
Anne‐Marie Parth
wiley +1 more source
Reinsurance, ruin and solvency issues: some pitfalls [PDF]
In this paper, we consider optimal reinsurance from an insurer's point of view. Given a (low) ruin probability target, insurers want to find the optimal risk transfer mechanism, i.e. either a proportional or a nonproportional reinsurance treaty. Since it
Arthur Charpentier
core
Fostering Climate Change Education for Effective Locally‐Led and Community‐Led Adaptation
This study highlights the transformative role of climate change education (CCE), understood here as formal, non‐formal and informal learning that equips people with the knowledge, skills, values and attitudes needed to act as agents of change for climate mitigation and adaptation in enhancing locally‐led adaptation (LLA)—where local actors shape ...
Sardar Al Imran +3 more
wiley +1 more source
Individual economic and legal aspects of the formation and development of reinsurance
On the basis of the economic and legal approach of the doctrine of the economic rights, some of the economic and legal aspects of the formation and reinsurance development are explored in the article..
Р. І. Віннічук
doaj +1 more source
This paper analyzes the optimal reinsurance strategy for insurers with a generalized mean-variance premium principle. The surplus process of the insurer is described by the diffusion model which is an approximation of the classical Cramér-Lunderberg ...
Yuzhen Wen, Chuancun Yin
doaj +1 more source
The Costs and Benefits of Reinsurance [PDF]
Purchasing reinsurance reduces insurers’ insolvency risk by stabilizing loss experience, increasing capacity, limiting liability on specific risks, and/or protecting against catastrophes.
Abdelhakim Nouira +3 more
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