correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …

relationship between uncertainty of inflation persistence and optimal monetary policy and discusses the consequences of the recent … Blanchard proposal to implement a higher inflation target in the light of parameter uncertainty. Furthermore, it provides …

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

By this report, the Institute of Insurance Studies documents its research activities of the past year. We render …

The Munich Re was founded in 1880 and is from the very start till this day one of the leading insurance companies in …

the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance … process from the two sides of the contract, the reinsurance and the capital markets, and from the historical data. The results … demonstrate that, under specific conditions, the financial strategy of the government, a mix of reinsurance and CAT bond, is …

It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public …