Hedging Property & Casualty Insurance Risk

The Property and Casualty Insurance Council of Canada (PACICC) is an umbrella body which insures Canadians against the risk that their providers of car and house insurance fail. It comprises many insurance companies, both large and small. The concern is that a local disaster might force the collapse of a locally concentrated insurance company, at large cost to PACICC. Such events are rare but costly. As such, it makes sense for PACICC to join with other similar bodies (such as CDIC, CUCC, and CIDO) to share these risks. This research internship will make a quantitative investigation of these issues using modern techniques of financial mathematics.

Intern: 
Sharon Wang
Faculty Supervisor: 
Lindsay Anderson
Province: 
Ontario
Discipline: 
Program: