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REINSURANCE OF CATASTROPHIC RISKS

Paul Tanasescu () and Cosmin Serbanescu ()

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 413-417

Abstract: Without reinsurance, the profile world market would fail to meet the multiple risks, of high intensity and high production rate. Expanding the business developed by different companies and the first signs of leaving the global financial crisis are factors which should draw attention to the increased risks faced by insurance companies. But the greatest danger comes from the catastrophic risks that will not disappear in any of the previous assumptions as to which requires the development of viable reinsurance programs.

Keywords: catastrophic risk; catastrophe reserves; mandatory housing insurance; pool insurance; reinsurance cessions. (search for similar items in EconPapers)
Date: 2009
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