. Little attention is paid in Japan to substitution biases and quality upgrading. This implies that important methodological … differences have emerged between the U.S. and Japan since the U.S. started to correct for these biases in 1999. We estimate that … using the new corrected U.S. methodology, Japan's deflation averaged 1.2 percent per year since 1999. This is more than …

facilitating emergency response to a major earthquake, but little attention has been directed toward the importance of lifeline …National Center for Earthquake Engineering Research …

-based contracts as a substitute for the Standard Reinsurance Agreement (SRA). The contract we analyze here is a Group Revenue Contract … suggests that this reinsurance tool would eliminate most though not all of the systemic risk associated with this product. The … insurance company would have to purchase supplemental reinsurance to complement the exchange-based product, but the level of …

This paper investigates the optimal design of weather bonds for reinsurance purposes. The motivation for this task … insurers ask for. Since reinsurance costs constitute a major cost component of insurance premiums, minimizing these costs could …

estimation ofthe intensity rate that describes the earthquake process from the two sidesof the contract, the reinsurance and the … occurrence of a naturaldisaster, the reconstruction can be financed with catastrophe bonds(CAT bonds) or reinsurance. This paper … calibration of the CAT bond is based on the estimation ofthe intensity rate that describes the earthquake process from the two …

reinsurance. For insurers, reinsurers and other corporations CAT bonds provide multi year protection without the credit risk … present in reinsurance. For investors CAT bonds offer attractive returns and reduction of portfolio risk, since CAT bonds …

Essay One examines the asymmetric information problem between primary insurers and reinsurers in the reinsurance … selection exists in the reinsurance market between the affiliated insurers and non-affiliated reinsurers, and even between … reinsurance market.To address the issue of soaring property insurance premiums and coverage availability in states that are …

. Two different empirical studies are donewith data sets from Australian companies: 1) one study on reinsurance demand;and 2 …