Part I: Fundamentals of insurance business The origins and role of insurance in society -- The notion of risk and probability -- The insurance undertaking -- Regulation of the insurance industry -- Supervision and other Authorities -- The insurance business -- The insurance contract -- Life...

This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues. Combining academic rigour and a strongly practice-oriented approach, it addresses both the competitive environment and the management of the insurance business. Further, it...

Preface -- Introduction -- Part 1: History -- Developments in Risk and Insurance Economics: the Past 40 Years -- Part 2 : Risk and Insurance Theory Without Information Problems -- Higher-Order Risk Attitudes -- Non-Expected Utility and the Robustness of the Classical Insurance Paradigm -- The...

I History -- 1 Developments in Risk and Insurance Economics: The Past 25 Years -- II Insurance Theory Without Information Problems -- 2 Non-Expected Utility and the Robustness of the Classical Insurance Paradigm -- 3 Optimal Insurance Design: What can we do with and without Expected Utility? --...

"This book holds that the demand for insurance is best understood, not by focusing on risk preferences, but by focusing on the additional income, the states of the world that trigger the income transfer from the insurer, and the value of income (and consumption) in those states. It is unlikely...

Die Versicherungsbranche wandelt sich - Herausforderungen und Rahmenbedingungen -- Gestaltung umfassender Veränderungsprozesse -- Veränderungen durch People Management -- Versicherung 2020 - den Wandel erfolgreich gestalten -- Zusammenfassung und Ausblick.