of an insurance company. The paper then explores whether or not this multi‐dimensional model can be approximated …

Purpose – This article aims to apply a multi‐period model of insurance market equilibrium to solve for the insureds … competitive equilibrium in the insurance market involve the construction of demand and supply curves based on maximizing the …‐trivial multi‐period equilibrium insurance price may provide additional insights into the volatility of insurance market prices.  …

Purpose – Using a game‐theoretic model of insurance markets, Powers and Shubik in 2001 derived a mathematical ….e. the optimal number of reinsurers in a market is given asymptotically by the square root of the total number of primary … primary insurers and reinsurers existing in a range of 18‐20 different national insurance markets over a period of 11 years …

for a reciprocal insurance firm. Design/methodology/approach – The model developed assumes a fixed number of individuals … either remain self‐insured or form a reciprocal and buy full insurance. Which of the two decisions will be made depends on …. Research limitations/implications – Most alternative models of insurance demand imply that, in the presence of transaction …

financial theory and insurance pricing theory, co‐integration analysis was performed to check possible causes of structural …/international. Although the financial theory and the insurance pricing theory suggest that the loss ratio series should be co‐integrated with …

Purpose – Aims to address a number of issues related to the use of spectral analysis in the study of insurance cycles …. Design/methodology/approach – Spectral analysis has seldom been used in the study of insurance cycles. This may be due to the … insurance‐cycle research.  …

Purpose – The purpose of this editorial is to study the relationship between the pure risks of insurance and the … from observable natural processes largely insulated against behavioral effects) and market risks (which contain substantial … non‐empirical or behavioral components). Findings – Using the empirical risk/market risk dichotomy, it is argued that …

‐world insurance context, and therefore may be used to distribute capital (surplus) and premium loadings. Originality/value – The paper …

be an important advancement in pricing them for insurance/reinsurance purposes. In the absence of a realistic physical …

Purpose – The purpose of this study is to introduce an insurance risk‐exchange model in the presence of background risk … and private information and which solves the optimal insurance and investment decisions simultaneously. Design … insurance quantity as well as the agents' risk attitudes. The decisions are solved by using dynamic‐programming techniques …