Firms, insurance companies, pension funds, and broadly speaking the international community focus already their … theoretical valuation system on ESG reputation, i.e., the reputation or the gain in confidence produced by possession of a … positive reputation compared to the lack of one when the ESG criteria are integrated into the business analysis. In particular …

contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

requirements are refined by adding a risk correction term that takes into account the interdependencies of the risks of different …

the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since … results point to a relatively low insurance sector wide risk. Dependence among insurers is higher than among reinsurers. … reinsurance is important for the capacity of insurers, we measure risk dependence among European insurers and reinsurers. The …

We present a model for P/L insurance companies based on Asset-Liability-Management (ALM). We show analytically for … multivariate normal distributed assets and claims that an overall minimum of the required risk capital can be obtained by refining … determination of the required risk capital. The approach provides guidelines for asset (and liability) allocation to minimize the …

Historical evidence like the global financial crisis from 2007-09 highlights that sector concentration risk can play an … II consider only name concentration risk explicitly in their solvency capital requirements for asset concentration risk … and neglect sector concentration risk. We show by means of US insurers' asset holdings from 2009 to 2018 that substantial …

, attorneys, insurance practitioners, and industry regulators model (re)insurer climate litigation risk. Section 2 of this report …In response to the growing threat of climate change, the insurance industry has made significant investments in … modelling and quantifying physical climate risks. However, the emerging risk of climate litigation has proven particularly …

security used to hedge the risk is similar to a CAT bond. This work looks at the incentives associated with insurance … of business. The concern was apparently brevity risk, i.e., the risk of premature death. The brevity risk due to a … pandemic is similar to the property risk associated with catastrophic events such as earthquakes and hurricanes and the …

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …