Showing 1 - 10 of 17,431
We analyze how pandemic business interruption coverage can be put in place by building on capitalization mechanisms. The pandemic risk cannot be mutualized since it affects simultaneously a large number of businesses, and furthermore, it has a systemic nature because it goes along with a severe...
Persistent link: https://www.econbiz.de/10012387545
Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive … without intermediation. A controversial matter in the discussion concerning insurance intermediation is the issue of … by insurance companies. The rationale for the latter is the fact that a fee paid by uninformed consumers limits the …
Persistent link: https://www.econbiz.de/10010442184
Persistent link: https://www.econbiz.de/10012238515
We develop a parsimonious model to study the equilibrium structure of over-the-counter securities markets. We show that regulations aimed at reducing counterparty risk and improving liquidity can be ineffcient. Such regulations have a direct positive effect on entry in those markets, thus...
Persistent link: https://www.econbiz.de/10011873224
How should intermediaries influence the insurance demand decision? The answer must refer to the interdependence of … essential for the insurance demand decision. Undoubtedly, consumers lack information about certain variables, and therefore … and to provide the correct information. Since the information in the insurance market is asymmetrically distributed, an …
Persistent link: https://www.econbiz.de/10010371522
Persistent link: https://www.econbiz.de/10012493150
insurance markets. Based on 20 years of insurance premium data from 180 countries, and a similar wealth of data on institutions … and financial market development, the paper presents important correlates of insurance market development. Although the … analysis cannot identify which factors directly cause insurance market growth, the results suggest that interventions aimed at …
Persistent link: https://www.econbiz.de/10012059017
Persistent link: https://www.econbiz.de/10013556865
Persistent link: https://www.econbiz.de/10000909090
Persistent link: https://www.econbiz.de/10000881361