Two by-now folkloric results in the theory of risk sharing are that (i) any feasible allocation is
convex-order-dominated by a comonotonic allocation; and (ii) an allocation is Pareto optimal …

This paper is concerned with the mathematical problem of allocating longevity-linked fund
payouts in a pool where participants differ in both wealth (contributions) and health …

We offer a new perspective on risk aggregation with FGM copulas. Along the way, we
discover new results and revisit existing ones, providing simpler formulas than one can find …

There is little disagreement among insurance actuaries and financial economists about the
societal benefits of longevity-risk pooling in the form of life annuities, defined benefit …

This paper studies the quantile risk-sharing rule introduced in Denuit, Dhaene & Robert
(2022). This rule is not actuarially fair, but instead satisfies another type of fairness, which is …

In this paper, we explore the optimal risk-sharing problem in the context of peer-to-peer
insurance. Using the criterion of minimizing total variance, we find that the optimal risk …

Insurance business is typically based on a risk transfer from individuals to an insurance
provider by means of bilateral contracts. Growing in importance, if less common, are mutual …

The classical theory of efficient allocations of an aggregate endowment in a pure-exchange
economy has hitherto primarily focused on the Pareto-efficiency of allocations, under the …

This paper considers risk-sharing schemes, aiming to demonstrate that it is possible to
enforce equal compensations by charging actuarially fair contributions. Specifically …

In this paper, we present axiomatic characterizations of some simple risk-sharing (RS) rules,
such as the uniform, the mean-proportional and the covariance-based linear RS rules …