even if agent are time consistent, life annuities no more provide perfect insurance against the risk to live. …

challenges for both the financial and insurance industries. The article discusses key definitions that are crucial for the …-linked insurance and pension products that have evolved concurrently with the steady increase in life expectancy since 1960s. In … known as Insurance-Linked Securities (ILS). Thus, the article will examine the emerging scenarios, and will finally …

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 …

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 … conflicts with the full insurance of idiosyncratic shocks. In particular, how is the sharing of macro-economic risks across …

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

This paper focusses on the insurance role of religion in buffering the well-being impact of stressful life events, and … religious unemployed are less likely to be actively looking for work). In panel data, as implied by insurance, the religious … have less variation in life satisfaction. Last, we suggest that religion's insurance role might be reflected in support for …