Part I: Fundamentals of insurance business The origins and role of insurance in society -- The notion of risk and … probability -- The insurance undertaking -- Regulation of the insurance industry -- Supervision and other Authorities -- The … insurance business -- The insurance contract -- Life Insurance products -- Non-life insurance products. Personal line -- Non …

This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues … management of the insurance business. Further, it provides a general overview of insurance undertakings and technical topics are … explained in depth. Filling an important gap in the market for textbooks on the insurance business, it is divided into four …

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