Reinsurance has long been a critical mechanism for insurers to protect themselves against large or catastrophic losses. By transferring a portion of their risk portfolios to reinsurers, primary insurance companies gain stability, free up capital, and ensure they can meet policyholder obligations even under extreme circumstances. However, reinsuranc
Actuarial Valuation of Fine Arts Insurance: Cultural Heritage
The value of art is not only measured in monetary terms but also in its cultural, historical, and emotional significance. Fine arts, whether housed in private collections, museums, or galleries, embody a nation’s heritage and global artistic achievements. Protecting these priceless assets requires specialized insurance products that account for t