Insurance regulation is typically aimed at policyholder protection. In particular, regulators attempt to ensure the … financial "safety" of insurance firms, for example, by means of capital regulation, and to enhance the "affordability" of … insurance, for example, by means of price ceilings. However, these goals are in conflict. Therefore, we identify situations in …

This paper compares the shareholder-value-maximizing capital structure and pricing policy of insurance groups against … instruments. We show that using these instruments enables the group to offer insurance with less default risk and at lower … group building being beneficial for shareholders but detrimental for policyholders. -- Insurance groups ; insurer default …

insurance, a tool for mitigating weather risk that is gaining momentum in developing countries. We model potential effects of … index insurance for pastoralists on animal stocking decisions and the resulting effects on common property resource quality … pastoralists by enhancing expected payoffs and reducing the exit of pastoralists, under certain conditions the insurance can worsen …

experiments are carried out on a set of portfolios to be optimized for an EU-based non-life insurance company. Both performance …