Scientific approach to catastrophic risk reinsurance

Titel Negru ()
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Titel Negru: Spiru Haret University

No 2012/409, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: The article discusses particular forms of reinsurance treaties that are used within activities of insurance companies. Each of the treaties in question offers different possibilities of protecting an insurance company’s portfolio by providing different ways of the risk transfer. Reinsurance is necessary to perform correct financial economy of an insurance company. Hence, appropriate selection of a scope and methods of reinsurance in the context of insuring risks of catastrophical nature gains in particular importance. Catastrophical risk are more and more frequently observed and they are more and more expensive. The paper suggests application of a decision tree as a tool that supports an optimal selection of the scope of reinsurance for a given structure of the insurance portfolio.

Keywords: reinsurance treaties; risk (search for similar items in EconPapers)
JEL-codes: A20 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2012-03-19
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2012_409

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