讲座主题：Maximizing an insurer's firm value with random time solvency regulations by dividend and reinsurance

主讲人：刘晓

地点：综合楼644会议室

主讲人简介：刘晓，副教授，硕士生导师。主要从事随机控制理论及其在保险精算中的应用研究，发表SCI，EI和一级论文近10篇，主持安徽省自然科学基金项目1项，安徽省教育厅自然科学研究重点项目1项。

讲座摘要：In this talk, we investigates optimal dividend and reinsurance policies for an insurer who subjects to random time solvency regulations. The goal of the insurer is to maximize the firm value of the insurance company when the regulatory time arrives. The firm value consists of three amounts: the present value of cumulated dividends up to the regulatory time or ruin time, the present value of the insurer's brand value and the surplus at the regulatory time. We identify the insurer’s joint optimal strategies using stochastic control methods. The results reveal that the optimal dividend and reinsurance polices as well as the maximal firm value  exhibit three different forms, according to the possible range of brand value.