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Document Details :
Title: APS Reinsurance
Author(s): KOLLER, B. , DETTWYLER, N.
Journal: ASTIN Bulletin
Volume: 27 Issue: 2 Date: November 1997
This paper presents a new reinsurance product, called 'Adaptive Pivot Smoothing' (APS). It is designed to reduce the variance of the risk reinsured without affecting the mean. Investment theories have provided the idea for the product.