privately observable, idiosyncratic random events. The information structure precludes conventional insurance arrangements …. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a …, resulting in a level of expected utility higher than that achievable in simple security markets. Insurance is incomplete because …

The aim of this paper is to empirically study reputation risk management in the US and European banking and insurance …

study aims to empirically investigate the input efficiency of banking and insurance sectors with further probe into Islamic … segments of these sectors in Pakistan. This study measures the technical, allocative, cost, and scale efficiencies of banking … and insurance firms in our sample using the non-parametric frontier method, data envelopment analysis (DEA). The findings …