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 …

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 …

reinsurers, which are less regulated and unrated off-balance-sheet entities within the same insurance group. U.S. life insurance … using shadow insurance, which capture half of the market share, ceded 25 cents of every dollar insured to shadow reinsurers … in 2012, up from 2 cents in 2002. By relaxing capital requirements, shadow insurance could reduce the marginal cost of …

These notes aim at giving a broad skill set to the actuarial profession in insurance pricing and data science. We start …

This is a summary of the main topics and findings from the Swiss Risk and Insurance Forum 2015. That event gathered … experts from academia, insurance industry, regulatory bodies, and consulting companies to discuss the past and current …

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 …