and retrocession practices in the reinsurance industry expose different reinsurers to the same subexponential risks on …

This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex … ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data. We use the theory to …

We study an insurance model characterized by a continuum of risk types, private information and a competitive supply …

perturbation theory to derive an approximate tractable expression for this cost adjusted for climatic and economic risk. We allow … sensitivity and the damage ratio, and correlated shocks. We identify prudence, insurance, and exposure effects, reproduce earlier …

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

for insurance companies to implement and take so much time that they cannot obtain information and take actions in a …