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

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

-life insurance sectors. We first document M&A transactions in the US insurance market between 1990 and 2022 and select the M …&A transactions related to US target insurers. We then study the evolution of the life and non-life insurance sectors over time in … over time. We empirically test the difference between the M&As of the life and non-life insurance sectors by employing a …

We examine the long run performance of Mamp;A transactions in the property-liability insurance industry. We …

developed an optimal audit policy for the scoring methodology. Our application is meant for the audit of insurance fraud but can … obtained with data from a large European insurance company. First, we are able to compute a critical suspicion index for fraud …

-liability insurance industry …

-off between efficient insurance provision and social equity. We also review empirical studies on risk classification and residual …

discrimination. We present an analytical framework that illustrates the potential trade-off between efficient insurance provision and …

Road safety policies and automobile insurance contracts often use incentive mechanisms based on traffic violations and … asymmetric information in road safety management and in automobile insurance contracting. We also propose a theoretical analysis …

classification may reduce informational asymmetry-induced adverse selection and improve insurance market efficiency. It may also have … undesirable equity consequences and undermine the implicit insurance against reclassification risk which legislated restrictions … on risk classification could provide. We use a canonical insurance market screening model to survey and to extend the …