HIGHLIGHTS
- who: Torsten Heinrich from the Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, Oxford , UQ, UK have published the Article: A simulation of the insurance industry: the problem of risk model homogeneity, in the Journal: (JOURNAL)
- what: The authors develop an agent-based simulation of the catastrophe insurance and industry and use it to study the problem of risk model homogeneity. The authors demonstrate that using too few models increases the risk of nonpayment and default while lowering profits for the industry as a whole. The framework the authors develop . . .
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