How should intermediaries influence the insurance demand decision? The answer must refer to the interdependence of economic determinants and legal duties. Intermediaries potentially guide demand decisions by delivering objective information and by considering individuals' situation and economic...

Finally, Stéphane Daul and Elena Gutíerrez Vidal present a set of case studies on insurance liability replication. Under modern valuation conventions, insurance firms increasingly use market-consistent techniques to value both their assets and liabilities. Consequently, the market...