unambiguously reduce risk, and decision makers might demand more insurance when there is a positive loading on the premium than when …This article studies insurance demand in a two-period framework in which an individual faces risks in both current and … future periods. Models for insurance with and without the presence of endogenous saving are both discussed. In contrast to …

Historical evidence like the global financial crisis from 2007-09 highlights that sector concentration risk can play an … II consider only name concentration risk explicitly in their solvency capital requirements for asset concentration risk … and neglect sector concentration risk. We show by means of US insurers' asset holdings from 2009 to 2018 that substantial …

medical insurance. We find that both the level and the shape of the distribution of risk are important in determining the … equilibrium quantity of insurance. Symmetric changes in risk (e.g., shifts in the price of medical care) better explain the …This article considers an economy where risk is insurable, but selection determines the pool of individuals who take it …

This paper focuses on risk transfer and discusses the insurance sector, particularly life insurers. It expands on … financial stability of life insurers’ investment behavior and risk management in the largest mature markets. It highlights that …