demands on regulators and parliamentarians who, in turn, are likely to look to the insurance and reinsurance industries for … principles that derive from the economics of insurance regulation and from the decision sciences. Some of these have been … recently put forward as policy recommendations at the World Economic Forum and in the OECD Advisory Board on Financial …

We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …