minimum level of flood insurance penetration, and the resulting increment in total premiums required to achieve this objective … insurance protection. Third, the paper proposes a stylised approach to quantify economic losses associated with uninsured flood … events at different levels of insurance penetration, allowing to take into account that insurance protection could be partly …

biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological …

Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …