Catwalk: Simulation Based Re-Insurance Risk Modelling Case Solution
To show about rates of insurance coverage items as risk administration items; to demonstrate how Monte Carlo likeness can be utilized for choices in for risk management; to comprehend insurance coverage and re-insurance concerns when it concerns choosing these products/policies.
An insurance provider should choose a reinsurance deal from a variety of offered ones. To this function, an evaluation of the advantages and disadvantages of each deal has to be performed. Simulation designs need to be established for this evaluation, and also non-quantitative concerns have to be figured out.
published: 25 May 2010
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