security used to hedge the risk is similar to a CAT bond. This work looks at the incentives associated with insurance …

Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive … without intermediation. A controversial matter in the discussion concerning insurance intermediation is the issue of … by insurance companies. The rationale for the latter is the fact that a fee paid by uninformed consumers limits the …

purchases a good to compensate consequen¬ces 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 …