Previous research has shown that the reasons for lapsation have important implications regarding the effects of the emerging life settlement market on consumer welfare. We present and empirically implement a dynamic discrete choice model of life insurance decisions to assess the importance of...

Previous research has shown that the reasons for lapsation have important implications regarding the effects of the emerging life settlement market on consumer welfare. We present and empirically implement a dynamic discrete choice model of life insurance decisions to assess the importance of...

This Article provides the first analysis of wrongful death damages from the perspective of individual justice accounts of tort law. There is a widespread belief that wrongful death damages are incoherent. Currently, tort law responds only to the harms of the decedent's living relatives. Drawing...

Life insurance is of paramount importance for protecting human lives against accidents, causalities and other types of risks. Life insurance has been dominated by public sector in India; however, with the liberalization of Indian economy, private sector entry in life insurance has got momentum....

The impact of the recent global financial crisis on the life insurance business felt after the American International Group (AIG) and Fortis required bailouts due to their financial ill health. India cannot be insulated from this impact as these insurers are having joint ventures in India. This...

The last decade saw a tremendous expansion in the use of premium financed life insurance for high net worth individuals. Billions of dollars in premium finance loans were sold as low risk options for purchasing high-value life insurance. But the collapse of the secondary market for life...

The paper builds on the current discussion on reforming insurance regulation in light of the EU's move towards the Solvency II regime and studies the agency problem in a life insurance environment. It compares different regulatory regimes in their effectiveness to control the owner's incentive...