We study how risk management through hedging impacts firms and competition among firms in the life insurance industry …

insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting … decision to insure will depend on whether the benefits the insuree derives from insurance after having compensated the damaged …

Since 2008, catastrophic losses and financial turmoil have deeply shaken the insurance and reinsurance industries … insurance company to reinsurer failure and is difficult to assess due to a scarcity of reliable measures. It has long been … considered as largely auto-regulated by the insurance market. The impact of reinsurance credit on an insurers' balance sheet …

Global financial regulators are currently reflecting on the nature of the insurance business. Specifically, they are … trying to classify insurance into "traditional" and "non-traditional" activities, and to distinguish them from "non-insurance … international finance is "what is insurance and where does insurance end?" This paper aims to elaborate on the economics of …

welfare by implementing appropriate tax and subsidy schemes that make insurance more affordable and also lower insurers …

We develop an agent-based simulation of the catastrophe insurance and reinsurance industry and use it to study the … problem of risk model homogeneity. The model simulates the balance sheets of insurance firms, who collect premiums from … clients in return for ensuring them against intermittent, heavy-tailed risks. Firms manage their capital and pay dividends to …

This article examines the regulatory challenges raised by recent, overlooked changes in insurance markets that have led … to a functional convergence between insurance and the broader financial sector.The law literature on financial regulation … context of insurance, and does so by applying an analytical framework that distinguishes between two “boundary problems” that …