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 …

disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophesby …. It briefly talks about synergising risk reduction efforts with sustainable development goals through the Sendai Framework … methods for financing based on experiences of other countries. Then the focus of the paper shifts towards insurance and …

uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify … Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global …

We discuss the existence of a pooling equilibrium in a two-period model of an insurance market with asymmetric … to the the importance of the opposite: dregs skimming, whereby high-risk consumers are proÞtably detracted from the …

analyzed in this pap er reinsurance markets are unable to cope with this risk completely. Insurance-linked securities, such as … cat bonds, have been issued to complete the international risk transfer process, but their development is disappointing so … far. This paper argues that downside risk aversion and ambiguity aversion explain the limited success of cat bonds. Hybrid …

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 …

form of an insurance contract to impose partial insurance of the low risks. This paper contributes to the discussion on … optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a … positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance …

We examine equilibria in competitive insurance markets with adverse selection when wealth differences arise … endogenously from unobservable savings or labor supply decisions. The endogeneity of wealth implies that high risk individuals may … ceteris paribus exhibit the lower marginal willingness to pay for insurance than low risks, a phenomenon that we refer to as …

of opting out the PPP. In particular, the exit option, acting as a risk-sharing device, can soften agency problems and …

show that an exit option, acting as a risk-sharing device, can soften agency problems and, in so doing, accelerate …