Abstract
The paper describes characteristics, properties and advantages of a Strategic Reinsurance Program (SRP) and illustrates in a numerical example the functioning of a simple and very practical SRP. The unconventional, prefinancing features of an SRP and their significance are pointed out.
Keywords: Cumulative result, standard premium, loss experience discount, basic premium adjustment, intermediate and final result adjustments, de jure and de facto ownership.
Keywords: Cumulative result, standard premium, loss experience discount, basic premium adjustment, intermediate and final result adjustments, de jure and de facto ownership.
Volume
Toyko
Year
1999
Categories
Actuarial Applications and Methodologies
Enterprise Risk Management
Risk Categories
Business Areas
Reinsurance
Publications
ASTIN Colloquium
