Insurance markets are characterized by profound market imperfections. Insurance intermediaries reduce transaction costs and information asymmetries. From transaction cost economics, agency theory, and law and economics literature the hypothesis is derived that insurance brokers may provide more...

Part I - Market Picture and Development Challenges -- European Life Insurance Market – Analysis of Current Situation and Development Prospects -- Social Determinants of Life Insurance in the European Union -- The Challenges Faced by Life Insurance Companies in the Baltic States -- The Turkish...

This book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future...

CESifo Seminar Series "Competitive Failures in Insurance Markets Theory and Policy Implications" edited by Pierre-André Chiappori and Christian Gollier Risk sharing is a cornerstone of modern economies. It is valuable to risk-averse consumers and essential for investment and entrepreneurs. The...

Es wird untersucht, wie ein System privater Versicherungen gegen das Risiko der Arbeitslosigkeit beschaffen sein sollte. Zu dem Zweck wird ein Trennsystem vorgeschlagen, das Arbeitnehmern und Arbeitgebern gleichermaßen Anreize zur Verminderung von Arbeitslosigkeit gibt. Für die Arbeitnehmer...