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

to facilitateand/or be facilitated by insurance contracts. We consider how insuredlosses might be decomposed into …High correlations between risks can increase required insurer capital and/orreduce the availability of insurance. For … such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of …

quality - but also with more competition among suppliers. Both associations hold only for parts involving comparatively … relationships involving higher trust, buyers are able to induce higher investment and more intense competition among suppliers - but …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … reveal that the insurance component contributes significantly to optimal labor tax rates and provides an informative lower …

This paper estimates a reduced-form model to assess the credit risk of General Insurance (GI) non-life firms in the UK … insurance firms. The implications of these findings for regulators of GI firms under the coming Solvency II are discussed. …

-free physical capital and risky human capital. Households have access to a complete set of credit and insurance contracts, but their …This paper develops a tractable human capital model with limited enforceability of contracts. The model economy is … households less than half of human capital risk is insured and the welfare losses due to the lack of insurance range from 3 …

Should we exempt the services of insurance companies from VAT? Addressing this issue, the paper distinguishes between … insurance against a general loss of resources and a loss of a specific commodity (property insurance). There is a case for … exempting the former kind of insurance, but not the latter. Finally, comparing insurance through a producer warranty with …

, and climate change is predicted to intensify this problem. The Index-Based Livestock Insurance (IBLI) scheme piloted in …