Outstanding Paper Award for Theo Dijkstra
Prof.dr. Theo Dijkstra of the department Economics, Econometrics and Finance of our Faculty, together with Youbaraj Paudel, Wouter Botzen and Jeroen Aerts (VU University), has been awarded the Outstanding Paper Award 2015 of the Journal of Flood Risk Management. The prize has been awarded for their paper entitled “Risk allocation in a public–private catastrophe insurance system: an actuarial analysis of deductibles, stop-loss, and premiums”. The Outstanding Paper Award considers all papers which were published in volume 8 of the journal during 2015.
Abstract
A public–private (PP) partnership could be a viable arrangement for providing insurance coverage for catastrophe events, such as floods and earthquakes. The objective of this paper is to obtain insights into efficient and practical allocations of risk in a PP insurance system. In particular, this study examines how the deductible and stop-loss levels (retentions) for, respectively, the insured and the insurer, relate to the corresponding maximum required coverage and premium amounts under the 99.9% tail value at risk (TVaR) damage constraint. A practical example of flood insurance in the Netherlands is studied in which the (re)insurance could be provided either by a risk-averse (private) or a risk-neutral (public) agency, which could result in large differences in premiums.
More information
- Contact: Theo Dijkstra
- Full publication: Paudel, Y., Botzen, W. J. W., Aerts, J. C. J. H. , & Dijkstra, T. K. (2015). Risk allocation in a public-private catastrophe insurance system: an actuarial analysis of deductibles, stop-loss, and premiums . Journal of Flood Risk Management , 8(2), 116-134. DOI: 10.1111/jfr3.12082
________________________________________________
> More news from the Faculty of Economics and Business
> FEB experts in the media
Last modified: | 29 February 2024 10.02 a.m. |
More news
-
29 April 2024
Royal Decoration awarded to Gerard van den Berg
The Faculty of Economics and Business is very proud to announce that Professor Gerard van den Berg has been appointed Officer of the Order of Orange-Nassau. The decoration was presented to him by Mayor Koen Schuiling of the Municipality of...
-
29 April 2024
Guido Berends and Hylke Dijkstra win FEB Research Awards 2023
The awards for best PhD thesis and best graduate of the research master were presented at the annual PhD conference held on April 18. Guido Berends won the Best PhD Thesis Award 2023 and Hylke Dijkstra won the Research Master Graduate Award 2023.
-
25 April 2024
Lineke Sneller appointed as Professor of Practice of Digitalization & AI in Accounting and Auditing
The Faculty of Economics and Business (FEB) is pleased to announce that as of 1 May, professor Lineke Sneller will be appointed as Professor Practice of Digitalization & AI in Accounting and Auditing. The chair is situated within the department of...