Captive insurance companies and the management of non-conventional corporate risks

Jean-Baptiste Lesourd and Steven Schilizzi

No 100886, Working Papers from University of Western Australia, School of Agricultural and Resource Economics

Abstract: We examine under what conditions setting up a captive insurance company with reinsurance is an optimal solution for risk-averse firms when the insured firm, the insurer and the reinsurer do not know the probability distribution of some risks, and have conflicting estimates of this distribution.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 14
Date: 2011-02-22
New Economics Papers: this item is included in nep-bec, nep-ias and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwauwp:100886

DOI: 10.22004/ag.econ.100886

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