This research investigates the strategic behavior of private crop insurance firms reinsured by the USDA through the … Standard Reinsurance Agreement. This arrangement allows the private firm to strategically allocate individual policies into …

The changing business environment in non-life insurance and reinsurance has raised the need for new quantitative … based on large-scale computer simulations for the integrated financial modeling of non-life insurance and reinsurance …

This paper investigates the main sources of instability in Brazil during the currency and financial distress episode of … 2002. We test for financial contagion from the Argentine crisis and the impact of factors including IMF intervention and …

. These predictions are tested in an empirical analysis of the reinsurance behavior of U.S. property-liability insurance firms …This paper investigates the valuation effects of reinsurance purchases in a contingent claims framework. The … comparative statics of the model suggest that, other things held constant, the demand for reinsurance will be greater, 1) the …

Today’s reinsurance manager has to balance many diverging interests. Most prominent among these are the risk … number of available reinsurance and capital market solutions further complicate the decision-making process. Given the … restructuring an existing traditional reinsurance program using quantitative models of the risks. This is done by means of a case …

This paper presents an analytical model of underwriting capacity and insurance market equilibrium under an asymmetric … corporate tax schedule. It is shown that reinsurance markets enable risk-neutral insurers to allocate tax shields to those firms … with lessees in leasing markets. Reinsurance is therefore used as an efficient short-term mechanism to yield the optimal …

associated with the Terrorist Attacks of the 11th of September of 2001, in the USA, in terms of the development of contagion … response functions are used. The occurrence of contagion is ratified by the results, starting from the terrorist attacks in the …

This paper presents a model on contagion in nancial markets. We use a bank run framework as a mechanism to initiate a …

In this paper we test for contagion within the East Asian region, contagion being defined as a significant increase in … omitted variable respectively. The null of interdependence against the alternative of contagion is then tested as an over … corresponding to the beginning of the contagion period, and finally we impose more plausible restrictions in order to identify the …