Reinsurance Arbitrations

Noussia, Kyriaki

doi:10.1007/978-3-642-45146-1

Cited by 5 publications

(5 citation statements)

References 9 publications

(40 reference statements)

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“…The priority also called the retention R is the agreement's claim amount at which a Reinsurer intervenes provided the claim or claims of an event amount equals or exceeds R [11].…”

Section: The Treaty Prioritymentioning

confidence: 99%

“…The treaty ceiling R h + is an amount of a claim or claims of an event beyond which the Reinsurer does not intervene [11]. This means the Reinsured is itself Journal of Mathematical Finance responsible to pay an amount of the claim above R h + .…”

Section: The Treaty Ceilingmentioning

confidence: 99%

“…The PH-transform principle though very desirable in the property of premiums adjustments because of the presence of the risk aversion index cannot be used in modelling and computations of reinsurance premiums for all reinsurance treaties. Reinsurance treaties such as the surplus proportional reinsurance treaty [11] and those that do not involve treaty priority would require research of other premium calculation principles suitable for them. Also, despite the composite lognormal models having produced the best fitting models from among them, there still stands a chance that other composite models, such as those that would use Weibull instead of lognormal [4], would still produce a much better fitting model.…”

Section: Limitationsmentioning

confidence: 99%

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Computation of Reinsurance Premiums by Incorporating a Composite Lognormal Model in a Risk-Adjusted Premium Principle

Chambashi¹,

Mushala²,

Mwaanga³

et al. 2023

JMF

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In this paper, a formula for calculating a premium for reinsurance is presented. This formula was determined by incorporating a lognormal-burr probability distribution model into the PH-transform principle which is one of the risk-adjusted premium calculating principles. The lognormal-burr probability distribution model was selected, modelled, classified and validated as the best fitting model to 2016 GAM's automobile insurance claims data among the eight candidates of composite lognormal probability distribution models. Then, the formula was applied in calculating reinsurance premiums for an automobile insurance branch under an excess of loss non-proportional reinsurance treaty.

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“…The priority also called the retention R is the agreement's claim amount at which a Reinsurer intervenes provided the claim or claims of an event amount equals or exceeds R [11].…”

Section: The Treaty Prioritymentioning

confidence: 99%

Section: The Treaty Ceilingmentioning

confidence: 99%

Section: Limitationsmentioning

confidence: 99%

See 1 more Smart Citation

Computation of Reinsurance Premiums by Incorporating a Composite Lognormal Model in a Risk-Adjusted Premium Principle

Chambashi¹,

Mushala²,

Mwaanga³

et al. 2023

JMF

View full text Add to dashboard Cite

show abstract

“…The priority also called the retention 𝑅 is the agreement's claim amount at which a Reinsurer intervenes provided the claim or claims of an event amount equals or exceeds 𝑅 [10].…”

Section: The Treaty Prioritymentioning

confidence: 99%

“…The PH-transform principle though very desirable in the property of premiums adjustments because of the presence of the risk aversion index cannot be used in modelling and computations of reinsurance premiums for all reinsurance treaties. Reinsurance treaties such as the surplus proportional reinsurance treaty [10] and those that do not involve treaty priority would require a research of other premium calculation principles suitable for them. Also, despite the composite lognormal models having produced best fitting models from among them, there still stands a chance that other composite models, such those that would use Weibull instead of lognormal [2], would still produce a much better fitting model.…”

Section: Limitationsmentioning

confidence: 99%

Computation of Reinsurance Premiums by Incorporating a Composite Lorgnormal Model in a Risk-Adjusted Premium Principle: Application to Gam’s Automobile Insurance Branch

Chambashi¹

2022

Preprint

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This paper presents a formula for calculating a reinsurance premium which has been determined by incorporating a lognormal-burr model into a risk-adjusted premium calculating principle called the PH-transform principle. The lognormal-burr model has been selected and validated as the best fitting model for the used insurance data among the eight candidates of composite lognormal models. The formula has then been applied in calculating reinsurance premiums for an automobile insurance branch under an excess of loss non-proportional reinsurance treaty.

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Schadensaggregation in der Rückversicherung – die Principles of Reinsurance Contract Law (PRICL) als Mittel zur Schaffung höherer Rechtssicherheit?

William

2020

ZVersWiss

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Zusammenfassung Kaum eine Rechtsordnung kennt Regeln für die Schadenaggregation in der Rückversicherung. Eine Ausnahme bietet das englische Recht, wo sich diesbezüglich eine reiche Rechtsprechung entwickelt hat. Eine Analyse dieser Rechtsprechung zeigt, dass im Bereich der Schadenaggregation in der Rückversicherung terminologische Unsicherheiten bestehen und dass die von der Rechtsprechung entwickelten Beurteilungsmassstäbe nicht geeignet sind, Rechtssicherheit herzustellen. Dieser Zustand wird der Bedeutung der nichtproportionalen Rückversicherung nicht gerecht. Mit dem Ziel, den Rückversicherungsmärkten mehr Rechtssicherheit zu bieten, schlägt Kapitel 5 der Principles of Reinsurance Contract Law (PRICL) neu konzipierte Regeln zur Schadenaggregation vor.

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Reinsurance Arbitrations

Cited by 5 publications

References 9 publications

Computation of Reinsurance Premiums by Incorporating a Composite Lognormal Model in a Risk-Adjusted Premium Principle

Computation of Reinsurance Premiums by Incorporating a Composite Lognormal Model in a Risk-Adjusted Premium Principle

Computation of Reinsurance Premiums by Incorporating a Composite Lorgnormal Model in a Risk-Adjusted Premium Principle: Application to Gam’s Automobile Insurance Branch

Schadensaggregation in der Rückversicherung – die Principles of Reinsurance Contract Law (PRICL) als Mittel zur Schaffung höherer Rechtssicherheit?

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