to a catastrophe. Distinct from the existing literature on insurance cycles, we model optimal contracting by competitive … insurance cycle …

We develop a theory that connects insurance premiums, insurance companies’ investment behavior, and equilibrium asset … prices. Consistent with the model's key predictions, we show empirically that (1) insurers with more stable insurance funding … take more investment risk and, therefore, earn higher average investment returns; (2) insurance premiums are lower when …

In response to the growing threat of climate change, the insurance industry has made significant investments in …, attorneys, insurance practitioners, and industry regulators model (re)insurer climate litigation risk. Section 2 of this report …

often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services … ‘insurance’ and a simple ecological-economic model, we derive the (marginal) economic insurance value of ecosystem resilience and …) the insurance value of resilience is negative (positive) for low (high) levels of resilience, (ii) it increases with the …

Empirical evidence suggests that ambiguity is prevalent in insurance pricing and underwriting, and that often insurers … findings, we consider a problem of demand for insurance indemnity schedules, where the insurer has ambiguous beliefs about the …

We develop a general equilibrium model of competitive insurance and equity capital markets to show how aggregate asset … and insurance liability risks affect insurance prices and regulation. In the unique equilibrium of the benchmark … unregulated economy, insurers raise external capital solely by selling insurance and no outside equity. We derive the Pareto …

insurance. We employ the Data Envelopment Analysis (DEA) to compute the efficiency of Takaful operators, while Panzar-Rosse (P … insurance. Additionally, the managers are cautioned not to overspend on commissions paid to the agents because this will reduce …. The implications further shed light on the motivation for insurance firms to improve efficiency that enable them to charge …

Data, a growing concern is that insurance companies can use proxies or develop more complex and opaque algorithms to … indirect discrimination can be tolerated without restrictions. This paper aims to establish the linkage among various insurance … regulations with a special focus on indirect discrimination of general insurance in the US. Next, we summarize different …