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Catastrophe Reinsurance Retentions and Limits

  • Kartonierter Einband
  • 116 Seiten
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Following a series of costly catastrophes, including the Asian Tsunami Disaster in 2004, Hurricane Katrina in 2005, the Sichuan Ea... Weiterlesen
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Beschreibung

Following a series of costly catastrophes, including the Asian Tsunami Disaster in 2004, Hurricane Katrina in 2005, the Sichuan Earthquake in 2008 and the Japan Earthquake in 2011, the purchase of property catastrophe reinsurance has become a major topic of debate. Many techniques for selecting an optimal retention and limit level have been proposed, but no entirely satisfactory method has been devised. Therefore, in practice, the setting of retentions and limits is still more a matter of judgment than science. In this study, we examine the determinants of property catastrophe excess-of-loss reinsurance retentions and limits for property-liability insurance companies in the U.S. insurance industry. A cross-sectional model is estimated using two-stage least squares regression. The regression analysis shows that most coefficients have the hypothesized signs and are significant. This study is the first research that provides clear evidence to support the relationship among retentions, upper limits, and co-reinsurance rates.

Autorentext

Dr. John J. Jang is professor of Finance andAccounting at Chang'an University in China.He teaches international finance, financial analysis, and risk management. He has an MBA and Ph.D. from Temple University. Previously he was on the faculty of Yanbian University of Science and Technology.

Produktinformationen

Titel: Catastrophe Reinsurance Retentions and Limits
Untertitel: Theory and Empirical Tests
Autor:
EAN: 9783847301912
ISBN: 3847301918
Format: Kartonierter Einband
Genre: Betriebswirtschaft
Anzahl Seiten: 116
Gewicht: 189g
Größe: H220mm x B150mm x T7mm
Veröffentlichung: 01.12.2011
Jahr: 2011
Auflage: Aufl.