EMPIRICAL ISSUES IN CROP REINSURANCE DECISIONS
Govindaray Nayak and
Calum Turvey ()
No 21612, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
This paper investigates the role of reinsurance in the managing the liquidity or reserve fund risks facing a crop insurer. Using 31 years of data, combined with Monte Carlo simulation the paper illustrates a mechanism for calculating reinsurance premiums and determining the post insurance risk profile. The insured event is over a range of loss ratios, and the focus of the paper is on reserve fund balances.
Keywords: Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21612
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