Abstract
Reinsurance contracts represent a very important tool for insurance companies to manage their risk portfolio. In general, they are used if an insurer is not willing or not able to hold certain risk exposures or parts thereof on its own. There exist two main contract types to cede claims to a reinsurer, namely proportional and non-proportional ones. With the quota share reinsurance, a well-known variant of the former ones, a fixed percentage of the claim sizes is ceded to the reinsurance company. Excess of loss and stop loss are non-proportional types and the reinsurer is only liable to pay if certain losses are exceeded. In practice insurance companies usually place a number of different reinsurance contracts, a so-called reinsurance program.
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© 2007 Springer-Verlag Berlin Heidelberg
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Mitschele, A., Oesterreicher, I., Schlottmann, F., Seese, D. (2007). Heuristic Optimization of Reinsurance Programs and Implications for Reinsurance Buyers. In: Waldmann, KH., Stocker, U.M. (eds) Operations Research Proceedings 2006. Operations Research Proceedings, vol 2006. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-69995-8_47
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DOI: https://doi.org/10.1007/978-3-540-69995-8_47
Publisher Name: Springer, Berlin, Heidelberg
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