This paper investigates the impact of health risk on insurance contract with hazard moral. We use a bi …-dimensional utility function (wealth and health status). We prove that the type of health risk influences the equilibrium of insurance …

Insurance coverage for natural disasters remains low in many exposed areas. A limited supply of insurance is commonly … identified as a primary causal factor in this low insurance coverage. The French overseas departments provide a rare natural … experiment of a well-developed supply of natural disasters insurance in highly exposed regions. The French system of natural …

The text is a description of the evolution of the insurance theory during the period 1968-93. …

The present paper thoroughly explores second-best efficient allocations in an insurance economy with adverse selection …

tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

. To optimize the value of insurance, the insurer and the insured have to agree upon repair strategies (when to fix the …

on the insurance system that covers its inhabitants. As uniform insurance depends on all insureds’ risk, it enables a … partial integration of prevention externalities by jurisdictions. We determine under which condition uniform insurance Pareto … dominates actuarial insurance. …