Despite its promise to help low-wealth households manage climate risk, index insurance remains hampered by downside basis risk, meaning that an insured party suffers a loss, but receives no payment because the insurance index fails to register a loss. While efforts to reduce basis risk focus on...

Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious...

Kfz-Versicherungen können durch aktives Schadenmanagement die Kosten senken sowie die Kundenzufriedenheit und Kundenbindung steigern. Dies gilt auch im Rahmen des betrieblichen Flottenmanagements, das in diesem Beitrag behandelt wird. Vor diesem Hintergrund ist es wichtig, die Kundenerwartungen...

Insurance markets often feature consumer sorting along both an extensive margin (whether to buy) and an intensive margin (which plan to buy). We present a new graphical theoretical framework that extends a workhorse model to incorporate both selection margins simultaneously. A key insight from...

Insurance markets often feature consumer sorting along both an extensive margin (whether to buy) and an intensive margin (which plan to buy). We present a new graphical theoretical framework that extends the workhorse model to incorporate both selection margins simultaneously. A key insight from...

Paper I, "The Liability Regime of Insurance Pools and Its Impact on Pricing", addresses the pricing of insurance premiums for specific forms of risk sharing in the insurance industry. The implicit diversification effect from this risk sharing on the default risk is discussed in connection with a...

Insurance markets often feature consumer sorting along both an extensive margin (whether to buy) and an intensive margin (which plan to buy). We present a new graphical theoretical framework that extends the workhorse model to incorporate both selection margins simultaneously. A key insight from...