influences demand, both within the microinsurance and the traditional insurance markets. A comparison with traditional markets … effects on the decision to buy microinsurance. The influence of trust on insurance take-up and the unanticipated results for …

Incentivizing unobservable effort in risky environments, such as in insurance, credit, and labor markets, is vital as …-compatibility. Two independent large-scale behavioral experiments framed in an insurance context support the hypotheses derived from our …

Cyber risk insurance has been introduced for more than two decades in the United States, yet the insurance market for … cyber risk is tiny amounting to 1% ($6.5 billion) of premiums in the U.S. property-casualty insurance market in 2021. In … this paper, we analyze what constrains the insurance industry from providing larger capacity. We argue that cyber risk is …

This article examines the determinants of cyber insurance participation, the amount of coverage offered, and the … offer cyber insurance to capitalize on their competitive advantage in understanding and pricing cyber risks and to balance … their risks between investment and underwriting. We find limited evidence that insurers participate in cyber insurance to …

We conduct a comprehensive asset pricing analysis for the U.S. property/liability insurance industry using monthly data … the returns of property/liability insurance stocks in a satisfactory way. We adapt the model proposed by Adrian, Friedman …, and Muir (2015) for financial institutions and define an insurance-specific five-factor asset pricing model (INS5), which …

This dissertation consists of four essays on insurance economies. It aims to answer questions in the fields of … insurance transactions (Essays I and IV) as well as insurance operations and strategies (Essays II and III). These questions are … relevant both to the insurance academic community and to the insurance industry. The methodologies explored in the dissertation …

This paper demonstrates the existence of adverse selection in the group insurance market with no individual choice. We … provide evidence against the “conventional wisdom” that group insurance mitigates adverse selection because of the mixture of …

The intention of this paper is to review research on lapse in life insurance and to outline potential new areas of … research in this field. We consider theoretical lapse rate models as well as empirical research on life insurance lapse and …