Solvency II is a new risk-based framework for setting the capital requirements of European insurance companies, in … be applied at a representative European life insurance company …

Probability weighting is often used to explain insurance choices that conflict with expected utility (EU) preferences …. We derive new theoretical results on the effects of probability weighting in the context of common insurance demand …-impact risks or for insurance contracts exposed to nonperformance risk …

high-load insurance against modest stakes risks. Mandatory information disclosure is a potentially attractive public policy … tool that might improve consumers' choices, but has not been widely tested in insurance settings. We conduct an incentive …-compatible insurance demand experiment in which we manipulate the information disclosed to subjects. We test whether any of the three most …

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

Bundled insurance contracts, providing protection based on several loss coverages, are attractive because they allow … insurers to focus on the needs of the policyholder. A common contract feature is a deductible set so that the insurance pays …. Without combined deductibles, it is straightforward to value bundled insurance contracts as the sum of contracts from each …

This article reports and explains four key findings about the difference between the role of insurance in mass tort … litigation and the role of insurance in ordinary tort and corporate governance litigation as reported in earlier research: (1 … defendants’ liability insurance; (2) mass tort defendants typically retain control over their defense, even when they recover …

worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level …

aversion, insurance, specialization, per capita real income, and productivity progress. It is shown that transaction …; insurance will promote the equilibrium level of division of labor, per capita real income, and productivity …

Decision problems about consumption and insurance are modelled in a continuous time multistate Markovian framework. The …