Insurers' hidden risk from reinsurance recaptures. (9th September 2022)

• Record Type: Journal Article
• Authors: Ugono, Mudi; Ashton, Brad; Brauch, Nora; Drew, Adél; Funnell, Jamie; Healey, Martin; Notani, Raj
• Is Part Of: British actuarial journal. Volume 27(2022)
• Publication Date: 2022-09-09
• Subjects: Reinsurance Recapture Risk -- Probability of Default -- Risk Margin -- Annuities; Actuarial science -- Periodicals; Insurance, Life -- Periodicals; Periodicals; Periodicals; 368.010941
• DOI: 10.1017/S1357321722000137
• Languages: English
• ISSNs: 1357-3217

Abstract

Abstract: There is a lack of publicly available information covering the practices insurers employ to manage their exposure to reinsurance recapture risk. A working party was set-up to shed light on the different approaches insurers use to mitigate this complicated to manage risk. This report is intended to form part of a publicly available information repository that market practitioners can refer to and reflect on as best practice evolves and develops.