This paper studies optimal property insurance in the presence of equity risk and conversion risk. Equity risk is … randomness of the value of a property. It tends to raise demand for conventional insurance on the property effectively increasing … the risk aversion of the property owner. In contrast, conversion risk is randomness in the value the property would have …

It has been said that insurance is the last of the financial services to accept radical change (Denney [1995 … weather volatility and catastrophic risks are difficult to diversify using traditional insurance practices. To provide a map … risks. There are two basic and distinct approaches: statistical and economic. The former is typical of the insurance …

of insurance. Third, we help answer the puzzle why the most risk averse are least likely to take up agricultural …We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that … farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members …

In this paper we focus on optimal insurance contracts when the insured person is forced to bear a risk of wrong …

there are risk lovers (or scale economies); and third, to estimate reasonable premiums for insurance offered by outside …: first, to design mutual contracts for risk averse agents; second, to quantify the malfunctioning of such contracts when …

econometric models. Two applications to the choice of automobile insurance contracts and the demand for life insurance are …

Prieta earthquake in the San Francisco Bay Area) on insurance firm values, found a positive reaction of insurers' stock … prices. This "gaining from loss" may be caused by the subsequent increased demand for insurance coverage. This paper …

This paper adopts a normative approach to catastrophe insurance. It addresses the question of how innovations in the … design of insurance contracts could help resolve the capacity gap in the provision of insurance against natural catastrophes … second by combining the influence of catastrophes on claims amounts (severity risk) and on the probability of loss (frequency …