Risk sharing assessment in health insurance: a loss function approach

The study deals with an innovative securitization framework, fully aligned with the social goal of health protection. Among the key play- ers influencing the entire economic-social cycle, the insurer plays a central role. In line with the insurer’s perspective, the paper provides an in-depth analysis of the loss function, deriving strategic insights tailored to the specific characteristics of the context. Within this framework, the loss function is examined in light of the risk-sharing mechanisms, highlighting the implications for managing and optimizing insurance policies.