This paper focusses on the insurance role of religion in buffering the well-being impact of stressful life events, and … less psychological harm from unemployment than do the non-religious; equally both Catholics and Protestants are less hurt … religious unemployed are less likely to be actively looking for work). In panel data, as implied by insurance, the religious …

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 …

. 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 …

We study an economy where intermediaries compete over contracts in a nonexclusive insurance market affected by moral …

groups affected by the partial insurance against idiosyncratic risks? The design of unemployment insurance schemes in …This paper analyzes the efficient design of insurance schemes in the presence of aggregate shocks and moral hazard. The … identical but are subject to idiosyncratic shocks. Without moral hazard, optimality requires (1) full insurance against …

model to highlight how liquidity and insurance constraints respond differently to the time profile of expected cash …

This paper develops a theoretical framework for analyzing the decision to provide or buy insurance against the risk of … natural catastrophes. In contrast to conventional models of insurance, the insurer has a non-zero probability of insolvency …. Our model shows that government-provided insurance will be more attractive in terms of expected utility, as it allows …

The present research relaxes three of the usual assumptions made in the insurance literature. It is assumed that (1 … monopolistic. In this context, the article analyses two models of natural catastrophe insurance: a model of insurance with limited … insurance industry is characterized by economies of scale. The government should consequently encourage the emergence of a …