the modified Swiss Solvency Test methodology outlined in Siegenthaler). The theory is based on the well known Bühlmann …

Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

Changes in mortality rates have an impact on the life insurance industry, the financial sector (as a significant …. Thus, the pricing of financial, pension and insurance products that are contingent upon survival or death and which is … life insurance), and the actuarial reserve. Finally, several tables and figures illustrate the main findings of this paper …

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …

We study the optimal insurance design problem. This is a risk sharing problem between an insured and an insurer. The … for the insurance cover. This risk-adjusted premium calculation principle uses the cost-of-capital approach as it is … suggested (and used) by the regulator and the insurance industry. …

reserving. In this paper, we empirically study claims inflation with focus on automobile liability insurance based on a data set … provided by a large German non-life insurance company. The aim is to obtain empirical insight regarding the drivers of claims …

discrimination. We present an analytical framework that illustrates the potential trade-off between efficient insurance provision and …

renewable health insurance (GR) contracts in an otherwise frictionless markets. We derive a unique equilibrium that can be of …