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The Munich Re was founded in 1880 and is from the very start till this day one of the leading insurance companies in …
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By this report, the Institute of Insurance Studies documents its research activities of the past year. We render …
Persistent link: https://www.econbiz.de/10012879022
the insurance industry are to give such risks a price tag by calculation of risk adequate premiums and also supporting … mitigation and adaptation by providing innovative insurance solutions. …
Persistent link: https://www.econbiz.de/10010377862
Nach den Terrorattacken vom 11. September sehen sich die privaten Erst- und Rückversicherer mit einer völlig veränderten Risikolage konfrontiert, die sie bisher bei ihren Kalkulationen außer Acht ließen. Dr. Michael Wolgast, Gesamtverband der Deutschen Versicherungswirtschaft, schlägt...
Persistent link: https://www.econbiz.de/10011691830
The paper studies insurance with moral hazard in a system of contingent-claims markets. Insurance buyers are modelled … corresponding to effort incentives induced by insurance buyers? net trades. When there are many agents to share the insurance buyer …?s risk, Cournot equilibrium outcomes are close to being second-best. In contrast, if insurance buyers are price takers …
Persistent link: https://www.econbiz.de/10010274197
transaction costs compared to (re)insurance products. Insurance coverage usually incurs costs of acquisition, monitoring and loss … tools in a standard insurance demand theory environment. We concentrate on the problem of basis risk versus transaction cost …
Persistent link: https://www.econbiz.de/10010316284