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 …

Many papers in the litterature have adopted the expected utility paradigm to analyze insurancedecisions. Insurance … aversion towardthe additional loss generated by a new policy included in an insurance portfolio is adecreasing function of the …

In this paper, we estimate the demand for homeowner insurance in Florida. Since we are interested in a number of … mark-up. Second, we estimate the demand for homeowners insurance using two-stage least squares regression. We employ ISO …'s indicated loss costs as our proxy for real insurance services demanded. We assume that the demand for coverage is essentially a …