-financing techniques in the insurance industry. Innovation has been driven by the increase in the frequency and severity of catastrophic … losses, capital management needs in the life insurance industry, market inefficiencies created by (re)insurance underwriting … to the development of hybrid insurance/financial instruments that blend elements of financial contracts with traditional …

legal literature: prescription drug insurance. This Article examines the ways in which prescription drug insurance might … compensate for the innovation distortions created by patent law and FDA regulation. It first explores insurance's potential … specific instance of this general principle: prescription drug insurance through Medicaid in the United States. The way in …

We demonstrate how innovations in insurance risk classification can lead to adverse selection, or cream skimming … adoption of credit‐based insurance scores as pricing variables in personal auto insurance markets. Second, we examine the … growing popularity of usage‐based insurance programs like telematics, plans in which insurers use data on policyholders …