to test for significant cycles in insurance data. The US underwriting cycle is measured using the growth rates of real … cycles in insurance data. Findings – All approaches find empirical evidence for a cyclical behaviour of the growth rates of … additional testing procedures, helpful to detect significant cycles in insurance time series. The underwriting cycle is analysed …

contemplating the purchase of a ticket. A real option model is applied to value insurance contracts that could be offered to … passengers to cope with price risk. Furthermore, the premiums charged for such airfare price insurance contracts can augment … price insurance contracts. Findings – Airfare price insurance contracts affordability was demonstrated ranging from 1.55 to …

the estimation of two fundamental actuarial quantities of property-liability insurance – the expected individual loss … characterizes it as a semi-uncertainty principle. This principle is likely to result in certain economic behaviors by insurance …

index insurance by studying the fundamental causes for differences in weather risk between distributed locations. Design …/methodology/approach – The paper systematically compares insurance payouts at nearby locations based on differences in geographical … location. Originality/value – Spatial basis risk is a fundamental problem of index insurance and yet is still largely …

Purpose – The purpose of this paper is to investigate the insurance market in which moral hazard and insurance fraud … coexist. In this situation, this research examines the relationship between moral hazard and insurance fraud. Also, this … research shows how the amount of policyholder's effort to lower accident probability changes when insurance firm increases …

insurance products are designed and valued. The uncertainty lies both in the accidental (insurance risk) and systematic … due to the randomness in the choice of the survival model for valuations (model risk or projection risk). If the insurance …. Design/methodology/approach – The financial quantity proposed for representing the economic wealth of the life insurance …

, infinite-mean – insurance losses. Design/methodology/approach – Three specific questions are addressed in turn. First, how do … infinite-mean insurance losses arise in the real world? Second, can infinite-mean losses exist even in the presence of … insurance policy limits (caps)? Third, why are infinite-mean losses so infrequently discussed by practitioners and regulators …

information. Design/methodology/approach – Insurance companies collect a variety of information on potential policyholders to … insurance contract to a particular individual or firm) and rating (the calculation of a policyholder's premium level once a … firms will be able to purchase insurance, it is not necessary when the purchase of insurance is required by government. The …

Purpose – The purpose of this paper is to examine brokers' financial incentives in the Nigerian insurance market and … opportunism of customers in the Nigerian insurance market. Design/methodology/approach – The study involved the use of semi …-structured interviews of insurance broking executives and documentary analyses of how incentives aid the control of opportunism in the …