As of December 21, 2012, the use of gender as an insurance rating category was prohibited. Any remaining pricing disparities between men and women will now be traced back to the reasonable pricing of characteristics that happen to differ between the groups or to the pricing of characteristics...

A well-performing life insurance industry benefits consumers, producers and insurance firm stockholders alike. Unfavourable market conditions stress the need for life insurers to perform well in order to remain solvent. Using a unique supervisory data set, this paper investigates competition and...

I develop and estimate a dynamic stochastic optimization model to assess the impact of weather insurance on the consumption, investment, and welfare of farmers in developing countries. Weather insurance has the potential to provide large welfare gains, equivalent to a permanent increase in...

The paper shows that Legal Cost Insurance (LCI) is a device to enhance potential litigants' bargaining position rather than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and the case goes to trial. This shifts the threat...

This article outlines a transaction cost theory of 'title insurance' and analyses the role it plays in countries with recording and registration of land titles. Title insurance indemnifies real estate right holders for losses caused by pre-existing title defects that are unknown when the policy...

The ratio between insurance premium and total population i.e. insurance density act as an indicator of insurance sector performance or growth measurement tool of insurance sector. Strength of Insurance density depends on different economic, social and demographic determinants like inflation,...

The purpose of this paper is to quantify the role of various economic, demographic, and institutional characteristics in the growth of the insurance market in Asia and to evaluate causality between insurance and economic growth. This paper employed the Generalized Method of Moments (GMM) to...

Directive 2009/138/EC, best known as Solvency II Directive, is more than a directive that simply regulates the supervision and the taking-up and pursuit of (re)insurance business in the EU. First and foremost, it introduces a new perspective on the role of (re)insurance undertakings towards risk...

This paper analyses the concentration in the insurance sector and the impact of the market structure (distribution of market shares) and the number of insurance companies on the level of concentration (and competition) in the insurance sector in Serbia (excluding Kosovo and Metohija) in the...

This study explores the nexus between insurance penetration and economic development in Vietnam during the period 1996-2020. By utilising the Autoregressive Lagging Distribution Model - ARDL, we find uni-directional causality and positive impacts of insurance market development on economic...