It is known how the different forms of reinsurance must perform in theory but in practical use, because of the multitude of parameters involved, the complexity is such that it is impossible to identify whether a contract is or is not optimal. The interactions between an insurer's retention...

Although an extensive literature has developed on modeling the loss reserve runoff triangle, the estimation of severity distributions applicable to claims settled in specific cells of the runoff triangle has received little attention in the literature. This paper proposes the use of a very...