Cummins, J. David; Dionne, Georges; Gagné, Robert; … - Centre Interuniversitaire sur le Risque, les Politiques … - 2006
Risk management is now present in many economic sectors. This paper investigates the role of risk management in … functions performed by insurers are the primary determinants of the need for risk management. The main goal of this paper is to … test how risk management and financial intermediation activities create value for insurers by enhancing economic efficiency …