Whalley, John; Yuan, Yufei - In: Journal of Financial Transformation 25 (2009), pp. 161-168
, is non-diversifiable; but the other part, while diversifiable, is difficult for conventional insurance arrangements to … for life cover. Insurance arrangements regulated on a national basis pose further possible problems. The response, we … suggest, will be global financial market innovation primarily in the area of insurance, but also in diversification of asset …