We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …

markets has been the private sector's creation of a sophisticated insurance industry to redistribute the risks entailed in … risk. She analyzes political risks insurance during three periods of substantial uncertainty: the era from the turn of the … supplying insurance against international risks has varied depending on demand, the availability of resources, and the norms of …