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Does reinsurance need reinsurers?

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008  060418e20060301usa|||| | |00010|eng d
040  ‎$a‎MAP‎$b‎spa
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1001 ‎$0‎MAPA20080229191‎$a‎Plantin, Guillaume
24510‎$a‎Does reinsurance need reinsurers?‎$c‎Guillaume Plantin
5208 ‎$a‎The reinsurance market is the secondary market for insurance risks. It has a very specific organization. Direct insurers rarely trade risks with each other. Rather, they cede part of their primary risks to specialized professional reinsurers who have no primary business. This article offers a model of equilibrium in reinsurance and capital markets in which professional reinsurers arise endogenously. Their role is to monitor primary insurers credibly, so that insurers can raise capital more easily. In equilibrium, the financial structure of primary insurers consists of a mix of reinsurance and outside capital . The comparative statics yield empirical predictions which are broadly in line whit a number of stylized facts from the reinsurance market
65011‎$0‎MAPA20080605957‎$a‎Empresas de reaseguros
65011‎$0‎MAPA20080552367‎$a‎Reaseguro
65011‎$0‎MAPA20080615673‎$a‎Transferencia de riesgos
65001‎$0‎MAPA20080592028‎$a‎Modelos de análisis
65001‎$0‎MAPA20080586294‎$a‎Mercado de seguros
65011‎$0‎MAPA20080602659‎$a‎Modelos econométricos
65011‎$0‎MAPA20080597641‎$a‎Mercados financieros
7001 ‎$0‎MAPA20080023379‎$a‎Dowd, Kevin
7404 ‎$a‎The Journal of risk and insurance
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Orlando‎$g‎Volume 73, number 1, March 2006 ; p. 153-168