particularly painful. The valuation we perform also reflects the fact that PBGC insurance is trigged only in the case of bankruptcy … single‐employer pension insurance program. This is an alternative approach to the calculations of expected future PBGC … payouts in the PBGC Exposure Reports. The PBGC insurance is akin to an exchange option, a financial instrument that allows a …

This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized …

This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized …

equity premium and longevity insurance in her retirement portfolio. Even without bequests, she will not fully annuitize …

solvency of the main euro area insurance sectors. We model the balance sheet of an insurance company encompassing both life and … non-life business and we calibrate it using country level data to make it representative of the major euro area insurance …

solvency of the main euro area insurance sectors. We model the balance sheet of an insurance company encompassing both life and … non-life business and we calibrate it using country level data to make it representative of the major euro area insurance …

solvency of the main euro area insurance sectors. We model the balance sheet of an insurance company encompassing both life and … non-life business and we calibrate it using country level data to make it representative of the major euro area insurance …

This paper explores the impacts of traditional agricultural insurance that offers protection against climatic shocks on … small-scale tobacco farmers in Colombia. We analyze the impacts of access to the insurance on household financial outcomes … natural experimental setup of the form in which the insurance was launched. We find that tobacco producers with access to the …