and the probability of zero loss. We also show that the insurance contract corresponding to the Bowley solution is Pareto …

We examine a problem of demand for insurance indemnification, when the insured is sensitive to ambiguity and behaves … how the singularity in beliefs leads to an optimal indemnity function that involves full insurance on an event to which …

This paper studies the optimal insurance problem within the risk minimization framework and from a decision maker (DM …

This paper studies an optimal insurance problem with finitely many potential policyholders. A monopolistic, risk …-neutral insurer offers an insurance contract, and exponential utility maximizing individuals accept the offer or not. We allow for … heterogeneity in the preferences of the individuals, while the insurer cannot discriminate in the insurance premium. We show that it …

study efficient insurance schemes in the presence of systematic events. More precisely, we consider three platforms: the … risk-sharing, insurance and market platform. First, we show that under a non-discriminatory insurance assumption, it is …-sharing platform where insurance is a mechanism to redistribute the wealth. Second, we show that in an insurance platform, where the …

This paper studies the optimal insurance design from the perspective of an insured when there is possibility for the … regarding the optimal insurance subject to the default risk and provide new insights on problems of similar types. Moreover, we …

To manage the risk of insurance companies, a reinsurance transaction is among the myriad risk management mechanisms the …

the finance literature and that for risk sharing in the insurance literature. Building on the most common form of …