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influences demand, both within the microinsurance and the traditional insurance markets. A comparison with traditional markets … effects on the decision to buy microinsurance. The influence of trust on insurance take-up and the unanticipated results for …
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This paper reviews the extant research on systemic risk in the insurance sector and outlines new areas of research in … organizations. The survey reveals that traditional insurance activity in the life, non-life, and reinsurance sectors neither …
Persistent link: https://www.econbiz.de/10011343852
We empirically analyze the costs and benefits of financial regulation based on a survey of 76 insurers from Austria, Germany and Switzerland. Our analysis includes both established and new empirical measures for regulatory costs and benefits. This is the first paper that takes costs and benefits...
Persistent link: https://www.econbiz.de/10011343853
This paper discusses the adequacy of insurance for managing cyber risk. To this end, we extract 994 cases of cyber …. These problems hinder the development of a sustainable cyber insurance market. We finish by discussing how cyber risk …
Persistent link: https://www.econbiz.de/10011344347
Using state-of-the-art frontier efficiency methodologies, we study the efficiency and productivity of Swiss insurance … subsectors. Moreover, we are the first to analyze the internationalization strategies of insurance companies, a topic of high … insurance sector. We find that productivity and efficiency in the Swiss insurance market have improved for the property …
Persistent link: https://www.econbiz.de/10011344360
We conduct a comprehensive asset pricing analysis for the U.S. property/liability insurance industry using monthly data … the returns of property/liability insurance stocks in a satisfactory way. We adapt the model proposed by Adrian, Friedman …, and Muir (2015) for financial institutions and define an insurance-specific five-factor asset pricing model (INS5), which …
Persistent link: https://www.econbiz.de/10011345060
This paper demonstrates the existence of adverse selection in the group insurance market with no individual choice. We … provide evidence against the “conventional wisdom” that group insurance mitigates adverse selection because of the mixture of …
Persistent link: https://www.econbiz.de/10010409746