We experimentally analyze consoumers' reaction to insurance default risk. Consistent with eralier studies, we find that … insurance with default risk is extremely unattractive to most individuals. A considerable fraction of consumers completely … refuse to accept any default risk; others ask for large reductions in insurance premiums. These findings are robust against …

In this article we identify risk and return profiles of two types of investment guaranteesin unit-linked life insurance … havingaverage rate of return and standard deviation over the contract term with a ConstantProportion Portfolio Insurance managed …

The wealth dynamics of insurance companies strongly depends on the success of their investment strategies, but also on … investment strategy that does not take liquidity shocks into account, exposes insurance companies to the risk of bankruptcy. This … paper analyzes the behavior of insurance companies in an evolutionary framework. We show that an insurance company that …

can oer cost insurance while maintaining ex-ibility. In particular, we provide evidence from a survey among 214German … university students that exibility, cost insurance and theso-called taximeter eect are the main drivers behind cost cap … tarichoice. Furthermore, we show that the insurance and taximeter eectsare distinct if evaluated within a atrate or cost cap tari …