purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most … lines of insurance base indemnity on the insured's actual expenses, i.e., the insured would be partially or completely … reimbursed when purchasing certain goods. In this setting we discuss the interaction between insurance and repair markets by …

purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most … lines of insurance base indemnity on the insured's actual expenses, i. e., the insured would be partially or completely … reimbursed when purchased certain goods. In this setting we discuss the interaction between insurance and repair markets by …

This paper revisits the “economics of insurance” using the insights from derivatives pricing and hedging. Applying this … perspective, we emphasize the following insights applicable to insurance. First, we provide a valid justification for the use of … arbitrage-free insurance premiums. This applies in both complete and incomplete markets. Second, we demonstrate the importance …

Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each … other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of … Middle East, peer-to-peer insurance in the West, international catastrophe risk pooling by African, Caribbean and Central …

Internal capital models are increasingly used across the insurance business, including reinsurance optimization, risk … order to embed capital models within their organisations. To address this question, we interviewed 31 insurance … practitioners; primarily modelers, but also underwriters and board members – working in London Market insurance firms, as well as …

Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each … other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of … Middle East, peer-to-peer insurance in the West, international catastrophe risk pooling by African, Caribbean and Central …

Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each … other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of … Middle East, peer-to-peer insurance in the West, international catastrophe risk pooling by African, Caribbean and Central …

that hardly explains the many features of an insurance contract. We extend this setup to include the situation that the … show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of …

risk management instruments and strategies, traditional/conventional insurance of crops, livestock and tangible assets is …-mentioned insurance, but limited to their historically oldest approach; hence on the basis of neoclassical microeconomics and classical … decision theory. According to the convention existing, the essence of the theory/hypothesis of the expected utility of von …