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. …

change. This increase has an impact on the disaster insurance field, particularly in the calculation of premiums. Many … regions have a shortcoming in employing insurance because the premium is too high compared with their budget allocation. As … growth. Therefore, this research aims to develop premium models of natural disaster insurance that uniquely involve two new …

The insurance industry plays a substantive vitality in the growth of the economy. However, there is limited literature … on the activities of the insurance industry and economic growth in Ghana. As one of the fastest-growing economies in sub … economy, of which insurance cannot be underscored. Moreover, proxies used to measure insurance for developing economies …