correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …

Mutual insurance companies and stock insurance companies are different forms of organized risk sharing: policyholders … necessary for a stock insurer to offer insurance at a fair premium, but not for a mutual. In the presence of an ownermanager …

We consider environmental risks that are evaluated too much heavy for a single insurance company, but they can be …

This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex …

the European rules regarding the solvency capital requirements for insurance companies should adapt to the state of the …

banking and insurance performance, and evaluate the forecasts from our model. We find that taking unobserved common factors …

account for risks which are assumed by the deposit insurance fund. Capital adequacy requirements are designed to minimise the … social costs of these effects. We show that banks should always have higher regulatory capital requirements than insurance … companies. Contrary to received wisdom, when banks and insurance companies combine to form financial conglomerates we show that …

degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX … cross-sections and distinguishes between permanent and transitory income shocks. We find some partial insurance of permanent … income shocks with more insurance possibilities for the college educated and those nearing retirement. We find little …