In this paper,we consider the price of catastrophe options with credit risk in a regime-switching model.We assume that the macroeconomic states are described by a continuous-time Markov chain with a finite state space...In this paper,we consider the price of catastrophe options with credit risk in a regime-switching model.We assume that the macroeconomic states are described by a continuous-time Markov chain with a finite state space.By using the measure change technique,we derive the price expressions of catastrophe put options.Moreover,we conduct some numerical analysis to demonstrate how the parameters of the model affect the price of the catastrophe put option.展开更多
Developing the catastrophic medical insurance for urban and rural residents positively is the key action to keep the new round of reform for medical system into deep. However this insurance is the ＇shortage＇ of the ...Developing the catastrophic medical insurance for urban and rural residents positively is the key action to keep the new round of reform for medical system into deep. However this insurance is the ＇shortage＇ of the national health system, so the Shanghai government carries out The Trial Measures for Catastrophic Medical Insurance of urban and rural residents in 2014. In this thesis, we will describe the current situation of the catastrophic medical insurance in Shanghai from aspects of financing, level of compensation, the way to undertake and regulatory. What＇s more, we expect to explore the weakness of catastrophic medical insurance in actual motion, and offer proposals for progressively realizing the integration of urban and rural in medical insurance, improving the basic health care directory, enhancing cooperation with commercial medical insurance.展开更多
基金supported by the Jiangsu University Philosophy and Social Science Research Project(Grant No.2019SJA1326).
文摘In this paper,we consider the price of catastrophe options with credit risk in a regime-switching model.We assume that the macroeconomic states are described by a continuous-time Markov chain with a finite state space.By using the measure change technique,we derive the price expressions of catastrophe put options.Moreover,we conduct some numerical analysis to demonstrate how the parameters of the model affect the price of the catastrophe put option.
文摘Developing the catastrophic medical insurance for urban and rural residents positively is the key action to keep the new round of reform for medical system into deep. However this insurance is the ＇shortage＇ of the national health system, so the Shanghai government carries out The Trial Measures for Catastrophic Medical Insurance of urban and rural residents in 2014. In this thesis, we will describe the current situation of the catastrophic medical insurance in Shanghai from aspects of financing, level of compensation, the way to undertake and regulatory. What＇s more, we expect to explore the weakness of catastrophic medical insurance in actual motion, and offer proposals for progressively realizing the integration of urban and rural in medical insurance, improving the basic health care directory, enhancing cooperation with commercial medical insurance.
