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The excess-of-loss reinsurance benefits for small insurers

Michael R. Santos,Vincent Richman,Z. Wong

Published 2018 in Journal of Insurance Regulation

ABSTRACT

This paper analyzes profitability and risk effects of the excess-of-loss (EoL) reinsurance coverage for a small insurer. Under the risk-based capital (RBC) standards, the small insurer with EoL reinsurance is more profitable and has smaller standard deviation. Therefore, the limited supply of EoL reinsurance can adversely affect the profitability and competitiveness of small insurers, especially after major catastrophes. Insurance regulators can mitigate this problem by establishing a residual reinsurance market where small insurers can obtain reinsurance.

PUBLICATION RECORD

  • Publication year

    2018

  • Venue

    Journal of Insurance Regulation

  • Publication date

    Unknown publication date

  • Fields of study

    Not labeled

  • Identifiers
    DOI 10.52227/26006.2018
  • External record

    Open on Semantic Scholar

  • Source metadata

    Semantic Scholar

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