Disability Insurance (DI) may affect workers' outcomes such as their probability to enter DI, to recover, and their … employment. Supplementary insurance may increase these moral hazard effects, but also increases the financial gains of private … increased insurance coverage on workers' outcomes are thus ambiguous. This paper aims to separate worker and insurer responses …

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility … and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …

insurance portfolio, the proportion of structured finance in their investment portfolio, selling credit default swaps, and …

This paper studies the stochastic modeling of market drawdown events and the fair valuation of insurance contracts … asset value. We first consider a vanilla insurance contract whereby the protection buyer pays a constant premium over time … of the drawdown time, which will serve as the building block for drawdown insurance with early cancellation or drawup …

to secure insurance at a lower premium that does not match risk. Predictive genetic testing could lead to anti …-selection in insurance markets. The extent of this impact turns on how much individuals alter their insurance purchasing behavior …

Index triggers have enabled the extension of insurance to disaster risks by providing a simple mechanism to determine … insurance payment. Disaster risks are notoriously difficult to insure against due to the covariant nature of risks, moral hazard …

unique information on firm level commercial insurance purchases, we find that financing constraints lead to higher insurance … spending. We adopt a regression discontinuity design and show that financially constrained firms spend 5-14% more on insurance …