insurance (Propositions 1 and 2), i.e., for a wealth portfolio X(t) consisting of a bond and a stock price described by general … compound Hawkes process (GCHP), and for a capital R(t) (risk process) of an insurance company with the amount of claims … results in finance and insurance for those models. …

Part II of the Alternative Risk Transfer Series, "Non-Life Utilization of Insurance-Linked Securities, " provides an … overview of the non-life insurance-linked securities sector, from the first securities issued - catastrophe bonds - to …

convergence -- PART II: INSURANCE AND REINSURANCE -- 4 Primary Insurance/Reinsurance Contracts -- 4.1 Insurance concepts -- 4 … variance -- 1.3.2 Risk aversion -- 1.3.3 Risk transfer and the insurance mechanism -- 1.3.4 Diversification and risk pooling … -- 1.3.5 Hedging -- 1.3.6 Moral hazard, adverse selection and basis risk -- 1.3.7 Non-insurance transfers -- 1.4 Outline of …

The property catastrophe reinsurance industry faces a major challenge. Since 1989, climatic volatility has produced …