Tail risk measures-based optimal reinsurance model for quota-share reinsurance

Suci Fratama Sari, Khreshna I.A. Syuhada

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Citation (Scopus)

Abstract

Optimal reinsurance model becomes a popular research area in both academicians and practitioners. Essentially, an optimal reinsurance model is to determine the optimal partitioning of a risk between insurer and reinsurer. In this research, the structure of optimal reinsurance is from the insurer's perspective. Reinsurance is an insurance for the insurers. Meanwhile, the insurer's risk are determined by some tail risk measures, such as Value-at-Risk (VaR), Tail VaR (TVaR), and Modified Tail VaR (MTVaR). We propose parametric and non-parametric estimators of these risk measures. To illustrate the applicability of our results, we derive the optimal reinsurance explicitly for Quota-share reinsurance.

Original languageEnglish
Title of host publication2021 Asia-Pacific Conference on Applied Mathematics and Statistics
EditorsCarlo Cattani
PublisherAmerican Institute of Physics Inc.
ISBN (Electronic)9780735443396
DOIs
Publication statusPublished - 16 Jun 2022
Event2021 Asia-Pacific Conference on Applied Mathematics and Statistics, AMS 2021 - Chiangmai, Virtual, Thailand
Duration: 20 Feb 202122 Feb 2021

Publication series

NameAIP Conference Proceedings
Volume2471
ISSN (Print)0094-243X
ISSN (Electronic)1551-7616

Conference

Conference2021 Asia-Pacific Conference on Applied Mathematics and Statistics, AMS 2021
Country/TerritoryThailand
CityChiangmai, Virtual
Period20/02/2122/02/21

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