mlsanityData to 7 Oct 2026

Norm-Governed Multi-Agent Decision-Making in Simulator-Coupled Environments:The Reinsurance Constrained Multi-Agent Simulation Process (R-CMASP)

arXiv 2512.09939 ↗First posted 4 Dec 2025cs.MA cs.AI cs.LGcited by 0

On the map: LLM agents and tool use → Financial trading and forecasting agents

Abstract (arXiv)

Reinsurance decision-making exhibits the core structural properties that motivate multi-agent models: distributed and asymmetric information, partial observability, heterogeneous epistemic responsibilities, simulator-driven environment dynamics, and binding prudential and regulatory constraints. Deterministic workflow automation cannot meet these requirements, as it lacks the epistemic flexibility, cooperative coordination mechanisms, and norm-sensitive behaviour required for institutional risk-transfer. We propose the Reinsurance Constrained Multi-Agent Simulation Process (R-CMASP), a formal model that extends stochastic games and Dec-POMDPs by adding three missing elements: (i) simulator-coupled transition dynamics grounded in catastrophe, capital, and portfolio engines; (ii) role-specialized agents with structured observability, belief updates, and typed communication; and (iii) a normative feasibility layer encoding solvency, regulatory, and organizational rules as admissibility constraints on joint actions. Using LLM-based agents with tool access and typed message protocols, we show in a domain-calibrated synthetic environment that governed multi-agent coordination yields more stable, coherent, and norm-adherent behaviour than deterministic automation or monolithic LLM baselines--reducing pricing variance, improving capital efficiency, and increasing clause-interpretation accuracy. Embedding prudential norms as admissibility constraints and structuring communication into typed acts measurably enhances equilibrium stability. Overall, the results suggest that regulated, simulator-driven decision environments are most naturally modelled as norm-governed, simulator-coupled multi-agent systems.

Key facts. No citing papers in the map yet (data through 7 Oct 2026). Placed in Financial trading and forecasting agents, one of 16 directions in LLM agents and tool use. Builds on 4 of its 37 references that are in the map. First posted on arXiv 4 Dec 2025.

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4 of 37 references.

References · 4

  1. 2020Language Models are Few-Shot Learnerscited by 32,199
  2. 2022ReAct: Synergizing Reasoning and Acting in Language Modelscited by 8,355
  3. 2023Reflexion: Language Agents with Verbal Reinforcement Learningcited by 4,064
  4. 2023A Survey on Large Language Model based Autonomous Agentscited by 2,203

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