A simulation of the insurance industry: the problem of risk model homogeneity
We develop an agent-based simulation of the catastrophe insurance and reinsurance industry and use it to study the problem of risk model homogeneity. The model simulates the balance sheets of insurance firms, who collect premiums from clients in return for insuring them against intermittent, heavy-t...
Main Authors: | , , |
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Format: | Journal article |
Language: | English |
Published: |
Springer
2021
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