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Risk Premium Project (RPP)
Type
applied research project
Start Date
11 July 2010
End Date
31 October 2011
Status
completed
Keywords
property-casualty insurance
literature overview
risk management
Description
In this project we summarize the actuarial and finance literature on the theory and empirics of risk assessment for property-casualty insurance. Special emphasis is laid on recent developments in literature from reinsurance, risk management and catastrophe sources. We find that the actuarial and financial views of risk priced in the market are still converging, but that additional factors have been added to the discussion. Recent advances in valuation techniques, behavioral insurance, management of operational risk, alternative risk transfer are thus discussed throughout this report.
Leader contributor(s)
Partner(s)
Committee on Theory and Risk - Casualty Actuarial Society
Funder(s)
Topic(s)
property-casualty insurance
literature overview
risk management
Method(s)
structured literature review
development of new research areas
Range
HSG Internal
Range (De)
HSG Intern
Principal
Committee on Theory and Risk - Casualty Actuarial Society
Division(s)
Eprints ID
69308
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PublicationRecent Research Developments Affecting Nonlife Insurance : The CAS Risk Premium Project 2012 UpdateThis article reports the main results of the 2012 Risk Premium Project update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property-casualty insurance. Pricing and modeling insurance risks and methodological advancement in risk valuation were popular fields of research in 2012. Of special note is new work on behavioral pricing and liquidity. Additionally, underwriting cycles attracted some controversy, and emerging risks, such as systemic risk and potential interrelations between insurance and other financial markets, were also areas of intense discussion.Type: journal articleJournal: Risk Management and Insurance ReviewVolume: 16Issue: 2DOI: 10.1111/rmir.12015
Scopus© Citations 4