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This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy … trusting plays an important role. Trust is clearly associated with greater willingness to pay for insurance. Unlike in previous … of breach is negligible. However, as for much B2C insurance marketing, face-to-face selling plays a crucial role in our …
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In light of the upcoming Solvency II Pillar 3 disclosure regulation for the insurance industry, this paper explores the … risk disclosure practices in annual reports of European primary insurers in the Dow Jones Stoxx 600 Insurance Index between … disclosure and insurance companies' characteristics such as size, risk, profitability, ownership dispersion, cross-listing, home …
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How does business complexity affect risk management in financial institutions? The commonly used risk measures rely on either balance-sheet or market-based information, both of which may suffer from identification problems when it comes to answering this question. Balance-sheet measures, such as...
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The Federal Reserve's Comprehensive Capital Analysis and Review (CCAR) requires large bank holding companies (BHCs) to project losses under stress scenarios. In this paper, we propose multiple benchmarks for operational loss projections and document the industry distribution relative to these...
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