... an option pricing framework for normally distributed claims to analyze the net present value for different pooling strategies and contrast multiple risk pools structured as a single legal entity with the case of multiple legal entities. To achieve the net present value maximizing default probability...

...Nadine Gatzert Keywords: Insurance, Risk finance, Risk management, Risk pooling, Risk valuation, Theory of risk Ahmet Göncü This article originally appeared in Volume 13 Number 1, 2012, The Journal of Risk Finance Insurance Risk finance Risk management Risk...

... several valuation approaches for the policyholders' claims using different assumptions of the individual policyholder's ability to replicate the contract's cash flows and claims. Findings The paper shows that the two considered definitions of risk pooling do not offer insight into the question...