Models for managing risk in reinsurance

Michal Páleš, Faculty of Economic Informatics, University of Economics in Bratislava, Slovak Republic

Pages: 3 – 11

Abstract

The aim of this paper is to provide analysis of risk and reinsurance. More specifically for the use of Panjers recursion for determining the probability distribution of the total claim and application of the quota reinsurance. The project or the ORSA requirements are an integral part of risk management strategies for all insurance companies and insurance groups. The main objective of ORSA is to understand and identify all risks related to insurance markets and selecting appropriate tools for their analysis and solution (in accordance with the capital and requirements for technical provisions). The paper describes one of the possible methods for risk analysis in connection with quota reinsurance.

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