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Innovations in Insurance Markets : Hybrid and Securitized Risk Transfer Solutions

Cummins, J David - 2016

One of the most significant economic developments of the past decade has been the development of innovative risk …-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 …

Persistent link: https://www.econbiz.de/10013006692

Klapkiv, Lyubov; Ülgen, Faruk - In: Innovation in Capitalist Economies : Crises, Challenges …, (pp. 139-153). 2025

Persistent link: https://www.econbiz.de/10015395771

Cream Skimming and Technological Innovations in Automobile Insurance Market

Fujii, Yoichiro; Nishizawa, Shuhei - 2023

This study examines the effects of cream skimming using telematics devices on the automobile insurance market. Insurers … skimming occurs by excluding high risk insureds who are expected to pay higher premiums. We also experimentally verified our …) automobile insurance causes adverse selection and market failure without any regulations …

Persistent link: https://www.econbiz.de/10014258194

Risk adjustment, innovation and prevention

Eggleston, Karen; Ellis, Randall Poor; Lu, Mingshan - 2009

Persistent link: https://www.econbiz.de/10008698739

Due Diligence, Research Joint Ventures, and Incentives to Innovate

Fabrizi, Simona; Lippert, Steffen - 2011

The decision to cooperate within R&D joint ventures is often based on `expert advice.' Such advice typically originates in a due diligence process, which assesses the R&D joint venture's profitability, for example, by appraising the achievability of synergies. We show that if the experts who...

Persistent link: https://www.econbiz.de/10014193980

A Theory of Debt Maturity and Innovation

Mitkov, Yuliyan - 2021

I propose a theory of debt maturity as an incentive device to motivate innovation when contracts are fundamentally … partially insures the entrepreneur against failure and thus motivates innovation. The theory has novel empirical implications …

Persistent link: https://www.econbiz.de/10013240421

Due diligence, research joint ventures, and incentives to innovate

Fabrizi, Simona; Lippert, Steffen - 2011

The decision to cooperate within R&D joint ventures is often based on expert advice such advice typically originates in a due diligence process, which assesses the R&D joint ventures profitability, for example, by appraising the achievability of synergies. We show that if the experts who advise...

Persistent link: https://www.econbiz.de/10009409623

Judged in Hindsight : Regulatory Incentives in Approving Innovations

Malladi, Suraj - 2020

I study how limited information and ex-post evaluation by third parties affect how regulators design approval rules for innovations. I consider a model in which the regulator designs approval rules to minimize criticism for approval errors and for imposing a costly approval process on innovating...

Persistent link: https://www.econbiz.de/10012838202

A theory of debt maturity and innovation

Mitkov, Yuliyan - 2020

Persistent link: https://www.econbiz.de/10012418053

Venture Capital and Knowledge Transfer

Dessi, Roberta - 2015

This paper explores a new role for venture capitalists, as knowledge intermediaries. A venture capital investor can communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the entrepreneur's innovative knowledge to other portfolio...

Persistent link: https://www.econbiz.de/10013017822