Cavin Oyugi Ongere

Tail Risk, Capital Adequacy, and Reinsurance Structure in Emerging Insurance Markets: A Pareto Type II Severity Modelling

Actuarial pricing, solvency assessment, and capital determination in emerging insurance markets depend heavily on models that can represent heavy-tailed claim behaviour. Kenya's non-life insurance market is a useful setting for this problem: claim distributions are markedly skewed, catastrophic tail events occur, and p...