can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

that hardly explains the many features of an insurance contract. We extend this setup to include the situation that the … show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of …

We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates 'standard …

Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is … scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance … the demand for life insurance reacted strongly to this change. With regard to bequest motives, we analyze the demand for …

the European rules regarding the solvency capital requirements for insurance companies should adapt to the state of the …

This paper studies the interdependence between property insurance and portfolio selection. The insurance premium of … necessity good and an increase in any insurance parameter would make the investor more quot;conservative.quot; The effect of a … purchase more insurance at the expense of current consumption …

applying insurance theory is useful. We model risk neutral agents choosing portfolios of government bonds of n countries in a … mutual insurance fund covering accruing indemnities almost certainly. We also discuss necessary institutional arrangements …

This paper studies the interdependence between property insurance and portfolio selection. The insurance premium of … and an increase in any insurance parameter would make the investor more “conservative.” The effect of a stock market … insurance at the expense of current consumption. …