Dutil.FA

emiliaemilia
in Dutil.FA

Hello,

In this paper, it notes at the heading that something important to note is the "application of RSP concepts to other types of insurance such as flood" - how would you go about that? The paper doesnt discuss it, but does this mean like if you were to suggest a RSP for flood what would you reccommend (like sending risks with worse loss ratios than the pool so the company can profit)?

Thanks!

Comments

  • Staff-TSStaff-TS
    edited January 26

    You can check out 2014.Fall #13c (and the associated battle card in BattleQuiz 4) for a prior question that discusses the application of RSP concepts to overland flood coverage.

    The question discusses how participation ratios should be structured when applied to overland flood. Note that the solution accepts either option, as long as the student justified their reasoning.

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