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 …

In today’s insurance market there is a void that is any one person can have several insurance policies, this entails … different providers, different payment schemes etc. There is an opportunity for an insurance company to unite all policies and … create a universal insurance (UI) policy, an all in one so to speak. There is an argument that such an policy would be very …

. In most situations, insurance markets are not competitive and risk neutral insurers negotiate under asymmetric … an insurance contract under risk aversion conditions (in static and dynamic approach). Risk aversion influence was …Human behavior, rational or irrational one, influences one of the most complex markets worldwide: the insurance market …

agricultural insurance program on household level production, borrowing, and saving. The empirical strategy includes both … difference-in-difference and triple difference estimations. I find that, first, introducing insurance increases the production … area of insured crops by around 20% and decreases production diversification; second, provision of insurance raises the …

these Accords, namely the management of risk, that more work is still required particularly in relation to hedge funds and …

Employing data on Indian banks for 1997-2006, we test the behavior of capital buffers over the business cycle. The …

high and the overweighting of low probabilities, the Allais paradox, risk aversion, loss aversion, the Ellsberg paradox …, insurance, trade, industry, planning and forecasting. Explanations of the principle and examples of solution of three types of …

The article presents the initial proposal for the group risk measurement based on the comparison of two interconnected … sets of webs. The risk scalar has been presented both for each separated subsidiary as well as for the group itself. It was … shown the risk profile of the group could be aggregated into a single value, and some consequences of that attribute was …

ways to manage risk of which one of the most important forms is interest rate risk. In this paper we use the mean … on how interest rate risk affects optimal bank investment in the loan and deposit market when derivatives are available …

with risks may have strong impacts on the environment. We evaluate the effects of public risk management programmes, such … as subsidised crop insurance, fertilizer use and land allocation to crops. We implement a mathematical programming model … insurance programmes, tomato productions are expected to expand and to require larger amount of fertilizer, whereas the opposite …