Risk classification refers to the use of observable characteristics by insurers to group individuals with similar … expected claims, compute the corresponding premiums, and thereby reduce asymmetric information. Risk classification can be used … empirical studies on risk classification and residual asymmetric information …

on risk classification could provide. We use a canonical insurance market screening model to survey and to extend the …Risk classification refers to the use of observable characteristics by insurers to group individuals with similar … classification may reduce informational asymmetry-induced adverse selection and improve insurance market efficiency. It may also have …

contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

Reputational risk has become a critical concern for most organizations. Insurers, who rely on trust to generate … expectations, which we test using a rich data set on operational loss risk events. Results indicate that passage of the Sarbanes … significantly related to reputational risk. In some samples, Tobin's Q, the level of competition, and the discount rate also were …

levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a …We study a competitive insurance market in which insurers have an imperfect informative advantage over policyholders …. We show that the presence of insurers privately and heterogeneously informed about risk can explain the concentration …

Solvency II is a new risk-based framework for setting the capital requirements of European insurance companies, in … contribution to the solvency capital requirement, to provide insight in the risk allocation and the trade-off between return and … marginal risk. In addition we derive the optimal strategic asset allocation for an insurer that maximizes the expected return …

. There is now a growing tendency for risk manager to bypass traditional insurance markets, and a variety of instruments …Catastrophe insurance markets have changed beyond recognition since the sudden upturn in claims beginning in 1966 … designed directly to transfer risk to the financial markets. After a couple of years of low catastrophe claims, 1998 claims are …

, attorneys, insurance practitioners, and industry regulators model (re)insurer climate litigation risk. Section 2 of this report …In response to the growing threat of climate change, the insurance industry has made significant investments in … modelling and quantifying physical climate risks. However, the emerging risk of climate litigation has proven particularly …

majority of their insurance markets. While tight regulations of the insurance industry are well-intended to protect the … to crypto capital market. There has been little to no previous study on the underpinning theory of such new mechanisms …. We propose a new theoretical framework for distributed insurance, where risks and rewards can be spread in a large …

residential property for applications in banking and insurance including pricing, risk management, and portfolio management. Risk … mono-line credit insurers, have to residential house price risk. This paper provides an assessment of risk models for … variability is due to heterogeneity requiring broader risk assessment than market-wide house price indices. Although time series …