requirements are refined by adding a risk correction term that takes into account the interdependencies of the risks of different …

Reputational risk has become a critical concern for most organizations. Insurers, who rely on trust to generate … expectations, which we test using a rich data set on operational loss risk events. Results indicate that passage of the Sarbanes … significantly related to reputational risk. In some samples, Tobin's Q, the level of competition, and the discount rate also were …

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

The insurance industry could potentially play a greater constructive role in mitigating climate risk by aligning with …

Climate risk impacts the insurance industry on both sides of the balance sheets. On the one hand, rising weather …

In the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk …-sharing institutional evolution. Particularly, through a comparative study of marine insurance development in China and Europe, we address a … wide set of research questions concerning why China and Europe relied on different social organizations for risk sharing. …

Risk management is now present in many economic sectors. This paper investigates the role of risk management in … financial intermediaries whose primary role in the economy is risk pooling and risk bearing. The risk pooling and risk bearing … functions performed by insurers are the primary determinants of the need for risk management. The main goal of this paper is to …

defining a meaningful role for insurance in managing business interruption (BI) and other risks from future pandemics. The … insurance industry will be part of that solution set, whether through the continued development of ad hoc state …-by-state initiatives, a private-public partnership in which the insurance industry commits its servicing capabilities, or a private …

This paper adds to the ongoing debate about low farmers' uptake of risk management (RM) tools subsidised by the Common … intermediaries and the perceived barriers to adopting may influence farmers' intention to adopt the insurance and to participate in … intention to adopt (e.g. risk attitude). Data were gleaned from direct interviews among 105 Italian farmers and analysed through …

This article builds on Froot and Stein in developing a framework for analyzing the risk allocation, capital budgeting … with risk management and capital allocation; (ii) some, but not all, of the risks they face can be frictionlessly hedged in … of risk and capital structure of the firm. This approach allows us to integrate these features into: (i) the pricing of …