We consider environmental risks that are evaluated too much heavy for a single insurance company, but they can be …-insures these risks.Under a game theoretic approach we start by analyzing how they should split the risk and the premium in order to … be better off. Under suitable hypotheses, there exists an optimal decomposition of the risk, that allow us to define a …

underwriting risks both domestically and internationally. -- Insurance ; Portfolio Theory ; International Diversification … correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of …

investigation, helps prevent capture and improves welfare. -- Risk Regulation ; Monitoring ; Capture ; Integration ; Separation …

: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the … period 1965-2007. The results support the theoretical conclusions that both financial risk alone and the interaction between … empirical analysis performed with one-argument utility functions. Finally, we provide new estimates of indexes of relative risk …

risk measures for portfolios with infrequently traded securities have not been explored in the literature. We propose a … methodology to calculate market risk measures based on the Kalman filter which can be used on incomplete datasets. We implement … applied to other markets with thinly traded securities. Our methodology provides reliable market risk measures in portfolios …

climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk … introduced here informs risk management strategies that balance uncertain future climate change impacts with the costs of …