business lines; there is default clustering in the GI industry; different reinsurance levels also affect the credit risk of …This paper estimates a reduced-form model to assess the credit risk of General Insurance (GI) non-life firms in the UK … wider set of possible determinants of credit risk. The empirical results suggest that macroeconomic and firm …

It is widely recognized that market failureʺ prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public … rate in both high and low risk regions and the existence of a state reinsurer. We show that in our model, risk selection is …

literature that, when there is (only) risk type uncertainty, the optimal GR contract with renewal price set at the actuarially … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

) the comparison of the degree of risk aversion for consumption and for LTC expenditures, and (iii) the income level of …

We measure the economic risk of epidemics at a geo-spatially detailed resolution. In addition to data about the …’s resilience (its ability of the recover rapidly from the shock). We find that the economic risk of epidemics is particularly high …

such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of … securitization in replacing or complementing traditional insuranceand reinsurance products depends on the ability of securitization … separate components, one of which is atype of systemic risk that is highly correlated amongst insureds. Such acorrelated …