Captive insurance companies are ‘in-house' (re)insurance companies formed with the specific objective of insuring the … affiliates and therefore on the insured risks, as a result of which moral hazard is lower. Whereas the popularity of insurance … an insurance captive, the advantages and disadvantages thereof, and the effects for risk management and risk financing …

insurance solutions through to injustices of a minor and inconspicuous nature. We illustrate that the measures taken depend on …

beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …