Nos derniers articles

"... in order to reach positive changes to take place and for intellectual property insurance to become an increasingly preferred method for supplementary protection of intellectual property, the proposed approach is to be worked in three directions. ... Namely, the directions are building a unified system, with a strict methodology and at the same time creating a legal basis which to bring in detail and unequivocal means and approaches the way in which intellectual property insurance is carried out."

"... this paper proposes a new risk variable elimination method as well as a real-time road risk model design framework and concludes that claim history will be regarded as a "noise" factor and deprecated in the Pay-How-You-Drive model."

"Explainable Artificial Intelligence (XAI) models allow for a more transparent and understandable relationship between humans and machines. The insurance industry represents a fundamental opportunity to demonstrate the potential of XAI, with the industry’s vast stores of sensitive data on policyholders and centrality in societal progress and innovation."

"... this book chapter evaluates how policymakers' approaches to systemic risk regulation in insurance have evolved since the crisis. It tracks how international standard-setting organizations and U.S. regulators initially relied on the entity-based approach, using discretionary methodologies for identifying specific nonbank firms, including insurers, that were systemically significant. It then shows how, in response to backlash, international and U.S. policymakers abruptly ceased entity-based designations and purported to shift their focus to an activities-based approach to nonbank systemic risk."

"We... apply two stochastic orders to some classic decision problems in economics and finance including a portfolio problem, two insurance problems, and four management decision problems and present a simple sufficient condition for monotone comparative statics of changes in risk under risk aversion."

"…. the surplus of an insurance company is routinely approximated by a Brownian motion, as opposed to the geometric Brownian motion used to model assets in finance. Furthermore, exposure to risk is controlled "downwards" via reinsurance, rather than "upwards" via risky investments. This leads to interesting qualitative differences in the optimal solutions."

"Unlike the existing parametric approaches, our method is simple yet flexible to encapsulate distributional dependence structures of bivariate outcomes and covariates. Various simulation results confirm that our method can perform similarly or better in finite samples compared to the alternative methods."

"The Gerber-Shiu function provides a unified framework for the evaluation of a variety of risk quantities. Ever since its establishment, it has attracted constantly increasing interests in actuarial science, whereas the conventional research has been focused on finding analytical or semi-analytical solutions, either of which is rarely available, except for limited classes of penalty functions on rather simple risk models."

"... we develop a granular occurrence and development model for non-life claims that allows to resolve the inconsistency in traditional pricing techniques between actual, complete observations on the one hand and best estimates on the other hand. We illustrate our proposed model on a reinsurance portfolio, where large uncertainties in the best estimates originate from long reporting and settlement delays, low claim frequencies and heavy (even extreme) claim sizes."

"Stackelberg game. The reinsurer is the leader in the game and maximizes its expected utility by selecting its optimal investment strategy and a safety loading in the reinsurance contract it offers to the insurer. The reinsurer can assess how the insurer will rationally react on each action of the reinsurer. The insurance company is the follower and maximizes its expected utility by choosing its investment strategy and the amount of reinsurance the company purchases at the price offered by the reinsurer. "