. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets …

The Munich Re was founded in 1880 and is from the very start till this day one of the leading insurance companies in …

. A financial product, the annuity contract, offers longevity insurance but its market is not well developed, even in the …

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

The goal of this essay is to show an insurance market equilibrium defined by an insurance product price and a …

It has been said that insurance is the last of the financial services to accept radical change (Denney [1995 … weather volatility and catastrophic risks are difficult to diversify using traditional insurance practices. To provide a map … risks. There are two basic and distinct approaches: statistical and economic. The former is typical of the 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 …