insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting … decision to insure will depend on whether the benefits the insuree derives from insurance after having compensated the damaged …

Risk transfer is a key risk and capital management tool for insurance companies. Transferring risk between insurers is … environment of insurers and consider capital costs and capital constraints at the level of individual insurance companies. We …. However, from a network perspective, we derive a unique fair solution in the sense of cooperative game theory. Implications …

This is a summary of the main topics and findings from the Swiss Risk and Insurance Forum 2017. That event gathered … experts from academia, insurance industry, regulatory bodies, and consulting companies to discuss past and current … developments as well as future perspectives in dealing with asset-liability management for long-term insurance business. Topics …

Limited liability creates a conflict of interests between policyholders and shareholders of insurance companies. It … the value policyholders attach to and premiums they are willing to pay for insurance coverage. We characterize Pareto … calibrate our model to a non-life insurer average portfolio. Risk Shifting, Insurance, Regulation, Pareto Optimality …

examples show that a theory of capital requirements allowing for general eligible assets is richer than the standard theory of …

The replicating portfolio (RP) approach to the calculation of capital for life insurance portfolios is an industry …

In this paper we consider an alternative dividend payment strategy in risk theory, where the dividend rate can never …

analyzed in this paper reinsurance markets are unable to cope with this risk completely. Insurance-linked securities, such as …