This paper estimates insurance requirements against natural disasters (NDs) in the Eastern Caribbean Currency Union … (ECCU) using an insurance layering framework. The layers include a government saving fund, as well as market instruments …

Using a sample of 50 countries during 2000-2008, this study investigates the possible impact of insurance regulations … on life insurance consumption. The evidence reveals a negative and statistically significant association between … supervisory control of the policy conditions of life annuities and pension products and life insurance consumption. A similar …

Homeowners’ insurance provides households financial protection from climate losses. To improve access and affordability …, state regulators impose price controls on insurance companies. Using novel data, we construct a new measure of rate setting … overcome pricing frictions by cross-subsidizing insurance across states. We show that in response to losses in high friction …

Index triggers have enabled the extension of insurance to disaster risks by providing a simple mechanism to determine … insurance payment. Disaster risks are notoriously difficult to insure against due to the covariant nature of risks, moral hazard …

macroprudential insurance regulation. …

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …

Risk transfer is a key risk and capital management tool for insurance companies. Transferring risk between insurers is … environment of insurers and consider capital costs and capital constraints at the level of individual insurance companies. We …. However, from a network perspective, we derive a unique fair solution in the sense of cooperative game theory. Implications …

This is a summary of the main topics and findings from the Swiss Risk and Insurance Forum 2017. That event gathered … experts from academia, insurance industry, regulatory bodies, and consulting companies to discuss past and current … developments as well as future perspectives in dealing with asset-liability management for long-term insurance business. Topics …

This paper provides a rationale for the macro-prudential regulation of insurance companies, where capital requirements … actuarially fair technical reserve. However, these instruments are not sufficient when insurance companies are exposed to systemic …’s exposure to systemic risk. Implementing the optimal policy implies separating insurance firms into two categories according to …