We study the optimal insurance design problem. This is a risk sharing problem between an insured and an insurer. The … for the insurance cover. This risk-adjusted premium calculation principle uses the cost-of-capital approach as it is … suggested (and used) by the regulator and the insurance industry. …

The eight essays in Insurance, Risk Management, and Public Policy encompass the economic and financial theory of … insurance, insurer and corporate risk managment, and insurance regulation. These essays will be of broad interest to researchers … in the area of insurance economics, finance, and risk management. Many of the essays will also be of interest to …