Showing 1 - 10 of 27
We consider an oligopoly of firms that compete on price. Firms produce a non-stochastic output, insurance coverage … choice on the market. We discuss the model with regard to insurance industry specificity and regulation. …
Persistent link: https://www.econbiz.de/10008794110
The aim of this paper is to analyze the impact of the existence of mutual firms on the behavior of insurance companies … and more precisely to study in which situations an insurance company can enter a market controlled by mutual arrangements …. Our approach differs from the existing literature as we integrate the investment choices of the insurance company and the …
Persistent link: https://www.econbiz.de/10008794170
This paper aims at presenting the insurance cost-of-capital com- putation issue. It highlights two methodologies … premium adopted by supervisory authorities. These strategies are based either on market return of insurance companies or on … the modelling of insurance business profit and loss. We estimate a cost-of-capital rate corre- sponding to these basic …
Persistent link: https://www.econbiz.de/10009393806
. Furthermore, farmers have little access to traditional crop insurance, which suffers from high information asymmetry and … design such projects in order to choose the meteorological index, the indemnity schedule and the insurance premium, is …
Persistent link: https://www.econbiz.de/10009401368
The paper investigates whether, as is often suggested by the literature, diversification towards the non-agricultural sector is considered as a risk-mitigating strategy by rural Pakistani households. This issue has already been addressed but usually as an ex post mechanism, i.e. smoothing...
Persistent link: https://www.econbiz.de/10010750552
We study an economy where intermediaries compete over contracts in a nonexclusive insurance market affected by moral …
Persistent link: https://www.econbiz.de/10010751017
We consider a competitive insurance market in which agents can privately enter into multicontractual insurance … relationships and undertake hidden actions. We study the existence of linear equilibria when insurance companies do not have any … types of linear equilibria could exist: A first one in which insurance companies make zero expected profits, and a second …
Persistent link: https://www.econbiz.de/10010899521
The recent fi nancial crisis has lead the IASB to settle new reporting standards for fi nancial instruments. The extended ability to measure some debt instruments at amortized cost is associated with a new impairment losses mechanism: Expected Credit Losses. In this paper, after a brief...
Persistent link: https://www.econbiz.de/10010899862
systems may coexist: insurance and assistance. Insurance level is set by consensus between firms and unions, whereas … assistance expenditures are set by a majority vote in parliament. Social insurance can be manipulated to influence preferences in … emergence of a mixed model: assistance increases to complement existing insurance, not to replace it. A time series cross …
Persistent link: https://www.econbiz.de/10010634998
In this paper, we examine the stock market reaction to industrial disasters. We consider an original sample of 64 explosions in chemical plants and refineries worldwide over the period 1990-2005. A quarter of the accidents resulted in a toxic release, and half of them caused at least one death...
Persistent link: https://www.econbiz.de/10010635087