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insurers ask for. Since reinsurance costs constitute a major cost component of insurance premiums, minimizing these costs could …This paper investigates the optimal design of weather bonds for reinsurance purposes. The motivation for this task … comes from an empirical study showing that German farmers are not willing to pay the premiums for weather insurance that …
Persistent link: https://www.econbiz.de/10009443196
reinsurance market.To address the issue of soaring property insurance premiums and coverage availability in states that are …Essay One examines the asymmetric information problem between primary insurers and reinsurers in the reinsurance … Association of Insurance Commissioners (NAIC) and A.M. Best Company, the empirical tests show that the problem of adverse …
Persistent link: https://www.econbiz.de/10009463407
that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …
Persistent link: https://www.econbiz.de/10009439051
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
increased risk as perceived by utilities, banks and lessors and the unpredictability of those risks as perceived by insurance … higher rate of return obtaining insurance; or some combination of DOE loan guarantee, lease and insurance. No attempt has …
Persistent link: https://www.econbiz.de/10009435415
Today's insurance industry strongly emphasizes developing cost-effective hazard mitigation programs, increasing and … the Insurance Industry.'' Presentations were made by insurance company representatives, insurance trade groups, government … discuss how energy efficiency and renewable technologies can contribute to reducing insurance losses. …
Persistent link: https://www.econbiz.de/10009435566
The following subjects are included: a geothermal resource overview, the evolution of the current Texas geopressured-geothermal institutional structure, project evaluation with uncertainty and the structure of incentives, the natural gas industry, the electric utility industry, potential...
Persistent link: https://www.econbiz.de/10009435830
cleanrooms, which is a cross-cutting market segment known to have high reliability requirements. Finally, we present insurance …
Persistent link: https://www.econbiz.de/10009436254
in the cost of non-renewable energy (NRE), and the option or insurance value of deploying RE if and when NRE costs rise …-making process. An illustrative example indicates how options expose both the insurance and timing values inherent in a simplified RE …
Persistent link: https://www.econbiz.de/10009436430
effects of poor IAQ is increasing. If so, these increases have ramifications for insurance carriers, which pay for many of the … costs of health care and general commercial liability. However, little is known about the actual costs to insurance … and legal databases, and interviews with insurance and risk management representatives aimed at finding information on the …
Persistent link: https://www.econbiz.de/10009436542