[Alta-Logic] Fw: Colloquium this Thursday: Wenjun Jiang "Revisiting optimal insurance under adverse selection"

[Sacha Ikonicoff]

Dear Peripatetic researchers,

I thought I would forward you the Math & Stat Department colloquium announcement for the term.  With the exception of Clifton, these are all new Math/Stat faculty members who have been hired in the last few years.  It would be a good chance to see what they do.  Carlo Maria, in particular, may have overlapping interests with members of our seminar.

Thanks,

Kristine and Sacha
________________________________
From: mathdept-L <mathdept-l-bounces at mailman.ucalgary.ca> on behalf of Cristian Rios <crios at ucalgary.ca>
Sent: Thursday 7 October 2021 01:05
To: dept Math <dept at math.ucalgary.ca>
Subject: Colloquium this Thursday: Wenjun Jiang "Revisiting optimal insurance under adverse selection"


Department of Mathematics and Statistics
Colloquium Series 2020-2021

Thursday October 21st - 2:00PM

 Zoom Meeting ID: 918 3739 5415

Passcode: 280846



Dr. Wenjun Jiang<https://events.ucalgary.ca/science/mathematics-statistics/#!view/event/event_id/390939>



Assistant Professor
Department of Mathematics and Statistics
Faculty of Science
University of Calgary



Revisiting optimal insurance under adverse selection



This paper revisits the design of optimal insurance from an insurer's perspective when subject to adverse selection issue. Different from the literature, the insureds who are exposed to different types of risks are allowed to apply different preference measures. By assuming that the insureds' preferences are dictated by distortion risk measures that always over-estimate the tail risk, we figure out the optimal policy menu without assuming the parametric form of indemnity functions. We also find that the insureds who deem their losses more risky than those of others will always purchase full insurance, which is consistent with the results in past studies. Furthermore, we show that in the presence of adverse selection the optimal policy menu always outperforms the optimal single policy in the sense that the former can yield a larger expected profit for the insurer. This outcome also echoes some existing results in the literature.



Upcoming Colloquia:



  *   October 28th   -    Carlo Maria Scandolo<https://events.ucalgary.ca/livewhale/?events_edit&id=390942>
  *   November 4th –   Clifton Cunningham<https://events.ucalgary.ca/livewhale/?events_edit&id=390940>
  *   November 18th – Tracey Balehowsky<https://events.ucalgary.ca/livewhale/?events_edit&id=390941>
  *   December 2nd –   Mike Jacobson<https://events.ucalgary.ca/livewhale/?events_edit&id=390944>





Cristian Rios

Associate Head - Research

Department of Mathematics and Statistics

Faculty of Science

University of Calgary

2500 University Drive NW
Calgary, AB, T2N-1N4, Canada

(403) 220-3221
(403) 282-5150 (fax)
crios at ucalgary.ca<mailto:crios at ucalgary.ca>








-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://mailman.ucalgary.ca/pipermail/alta-logic-l/attachments/20211018/ac2ef48a/attachment.html>