Matches in SemOpenAlex for { <https://semopenalex.org/work/W2808840152> ?p ?o ?g. }
Showing items 1 to 76 of
76
with 100 items per page.
- W2808840152 endingPage "72" @default.
- W2808840152 startingPage "55" @default.
- W2808840152 abstract "We provide a novel explanation for the low volume of securitization in catastrophe risk transfer using a signaling model. Relative to securitization, reinsurance features lower adverse selection costs because reinsurers possess superior underwriting resources than ordinary capital market investors. Reinsurance premia, however, reflect markups over actuarially fair premia due to the additional costs of underwriting. Insurers’ risk transfer choices trade off the costs and benefits of reinsurance relative to securitization. In equilibrium, low risks are transferred via reinsurance, while intermediate and high risks are transferred via partial and full securitization, respectively. An increase in the loss size increases the trigger risk level above which securitization is chosen. Hence, catastrophe exposures, which are characterized by lower probabilities and higher severities, are more likely to be retained or reinsured rather than securitized." @default.
- W2808840152 created "2018-06-29" @default.
- W2808840152 creator A5021315259 @default.
- W2808840152 creator A5086091633 @default.
- W2808840152 date "2018-09-01" @default.
- W2808840152 modified "2023-10-18" @default.
- W2808840152 title "Reinsurance versus securitization of catastrophe risk" @default.
- W2808840152 cites W1966953096 @default.
- W2808840152 cites W1977626386 @default.
- W2808840152 cites W1979779160 @default.
- W2808840152 cites W2020318849 @default.
- W2808840152 cites W2026613352 @default.
- W2808840152 cites W2048503768 @default.
- W2808840152 cites W2088915572 @default.
- W2808840152 cites W2106012629 @default.
- W2808840152 cites W2108452627 @default.
- W2808840152 cites W2119040993 @default.
- W2808840152 cites W2158327204 @default.
- W2808840152 cites W2159257064 @default.
- W2808840152 cites W2263504469 @default.
- W2808840152 cites W3121369910 @default.
- W2808840152 cites W3121843366 @default.
- W2808840152 cites W3123886257 @default.
- W2808840152 cites W3124666783 @default.
- W2808840152 cites W3125496211 @default.
- W2808840152 cites W3126100875 @default.
- W2808840152 doi "https://doi.org/10.1016/j.insmatheco.2018.06.006" @default.
- W2808840152 hasPublicationYear "2018" @default.
- W2808840152 type Work @default.
- W2808840152 sameAs 2808840152 @default.
- W2808840152 citedByCount "4" @default.
- W2808840152 countsByYear W28088401522020 @default.
- W2808840152 countsByYear W28088401522021 @default.
- W2808840152 crossrefType "journal-article" @default.
- W2808840152 hasAuthorship W2808840152A5021315259 @default.
- W2808840152 hasAuthorship W2808840152A5086091633 @default.
- W2808840152 hasConcept C10138342 @default.
- W2808840152 hasConcept C106159729 @default.
- W2808840152 hasConcept C144133560 @default.
- W2808840152 hasConcept C162118730 @default.
- W2808840152 hasConcept C162324750 @default.
- W2808840152 hasConcept C166970017 @default.
- W2808840152 hasConcept C26503482 @default.
- W2808840152 hasConcept C2780619108 @default.
- W2808840152 hasConcept C32252159 @default.
- W2808840152 hasConcept C556758197 @default.
- W2808840152 hasConceptScore W2808840152C10138342 @default.
- W2808840152 hasConceptScore W2808840152C106159729 @default.
- W2808840152 hasConceptScore W2808840152C144133560 @default.
- W2808840152 hasConceptScore W2808840152C162118730 @default.
- W2808840152 hasConceptScore W2808840152C162324750 @default.
- W2808840152 hasConceptScore W2808840152C166970017 @default.
- W2808840152 hasConceptScore W2808840152C26503482 @default.
- W2808840152 hasConceptScore W2808840152C2780619108 @default.
- W2808840152 hasConceptScore W2808840152C32252159 @default.
- W2808840152 hasConceptScore W2808840152C556758197 @default.
- W2808840152 hasLocation W28088401521 @default.
- W2808840152 hasOpenAccess W2808840152 @default.
- W2808840152 hasPrimaryLocation W28088401521 @default.
- W2808840152 hasRelatedWork W1531842946 @default.
- W2808840152 hasRelatedWork W1544926331 @default.
- W2808840152 hasRelatedWork W1588491897 @default.
- W2808840152 hasRelatedWork W190514628 @default.
- W2808840152 hasRelatedWork W2022502002 @default.
- W2808840152 hasRelatedWork W2753161112 @default.
- W2808840152 hasRelatedWork W3132156741 @default.
- W2808840152 hasRelatedWork W3154177240 @default.
- W2808840152 hasRelatedWork W3212486329 @default.
- W2808840152 hasRelatedWork W68854244 @default.
- W2808840152 hasVolume "82" @default.
- W2808840152 isParatext "false" @default.
- W2808840152 isRetracted "false" @default.
- W2808840152 magId "2808840152" @default.
- W2808840152 workType "article" @default.