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 …