verification of research in the identification of key risk categories. Findings: Many researchers, including Nobel Prize winners … risks for businesses. This phenomenon is a subject of disclosure in the form of various categories of operational risk … needs of clients. Consequently, the agency theory (principal-agent dependency) commonly used in modern times is being …

. We show that the presence of insurers privately and heterogeneously informed about risk can explain the concentration … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a …

lab experiments. Both in theory and in the experiment diagnostic uncertainty increases the rate of incorrect service … provision and leads to less trade, thus reducing efficiency. In theory, insurance also increases the provision of incorrect …