How Does Reinsurance Create Value to an Insurer? A Cost-Benefit Analysis Incorporating Default Risk
Reinsurance is often empirically hailed as a value-adding risk management strategy which an insurer can utilize to achieve various business objectives. In the context of a distortion-risk-measure-based three-party model incorporating a policyholder, insurer and reinsurer, this article formulates exp...
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| Format: | Article |
| Language: | English |
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MDPI AG
2016-12-01
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| Series: | Risks |
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| Online Access: | http://www.mdpi.com/2227-9091/4/4/48 |