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 …

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 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 …

In the context of insurance industry, we provide a theoretical and empirical framework to analyze the tradeoffs between … standards to optimize one goal constrained by the other two. Analyzing 1,988 European insurance companies over eleven years with …

The Swiss economy and society are fundamentally transformed by the Ageing Society. The insurance industry is affected …

Paper I, "The Liability Regime of Insurance Pools and Its Impact on Pricing", addresses the pricing of insurance … premiums for specific forms of risk sharing in the insurance industry. The implicit diversification effect from this risk … Diversification of Risky Insurance Coverage", considers in a three-state model the optimal level of insurance coverage for a risk …