requirements are refined by adding a risk correction term that takes into account the interdependencies of the risks of different …

institutions with diverse ESG profiles to mitigate risk and optimise returns. These potential research perspectives offer …

of insurance. Third, we help answer the puzzle why the most risk averse are least likely to take up agricultural …We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that … farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members …

our model. Banks increased lending to the agricultural sector in counties with higher insurance coverage after 1980, even … insurance such that their overall risk did not increase meaningfully. We discuss the implications of our results in the light of …In this paper, we introduce a model to study the interaction between insurance and banking. We build on the Federal …

risk-taking and welfare may be reduced by the introduction of index insurance if the premium is set too high. If the formal …Moral hazard and adverse selection impede the development of formal crop insurance markets in developing countries …. Besides, the risk mitigation provided by informal risk-sharing arrangements is restricted by their inability to protect …

contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

Reputational risk has become a critical concern for most organizations. Insurers, who rely on trust to generate … expectations, which we test using a rich data set on operational loss risk events. Results indicate that passage of the Sarbanes … significantly related to reputational risk. In some samples, Tobin's Q, the level of competition, and the discount rate also were …

Index triggers have enabled the extension of insurance to disaster risks by providing a simple mechanism to determine … insurance payment. Disaster risks are notoriously difficult to insure against due to the covariant nature of risks, moral hazard … and adverse selection. Index based risk transfer minimizes these obstacles by not fully insuring the risk. However, such …

In this paper, we consider the ruin probability minimization of an insurance company that buys proportional reinsurance … this company and assume that the company invests its surplus into a riskless and multiple risk assets that are modeled as … proportional reinsurance and investment strategy of an insurance company investing into multiple risky assets to minimize its ruin …

This paper suggests insurance represents a quid pro quo transaction across states of the world and is purchased to … insurance-purchasing gambler. The implications are that insurance is far more valuable than conventional theory suggests, and …