This paper discusses facets of the insurance-finance convergence and their competition. Differences and similarities … to the insurance world, such as non normal risks, catastrophic risks, contagions, and other situations where risks are … latent and macroeconomic risks that have pervaded insurance and financial insurance portfolios during the financial crisis …

We reinvestigate the case in which insurers have superior information regarding consumer's risk types, as studied by … Villeneuve (2005, European Economic Review 49, 321-340). While Villeneuve produces interesting results on insurance contracts …), which is analogous to the monopoly case. This paper clarifies that high risk consumers bear information costs when insurers …