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 …' optimal demand for insurance, as well as insurers' optimal supply. Design/methodology/approach – Most approaches to … competitive equilibrium in the insurance market involve the construction of demand and supply curves based on maximizing the …

Purpose – Using a game‐theoretic model of insurance markets, Powers and Shubik in 2001 derived a mathematical … primary insurers and reinsurers existing in a range of 18‐20 different national insurance markets over a period of 11 years … government policymakers and insurance regulators.  …

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 … there is little reason to anticipate a dramatic convergence of insurance and other financial markets. Originality …/value – The editorial challenges conventional distinctions between insurance and other financial risks, as well as conventional …

‐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 …