transmission of this information will not cause any concern. Such a form of insurance is based on the principle of mutuality …. Research limitations/implications: Mutuality-based insurance is therefore a path based on solutions of the past (primary forms … of insurance), but at the same time is seen as a response to the lack of adaptation of insurance products to the actual …

We study a competitive insurance market in which insurers have an imperfect informative advantage over policyholders … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a … lower market concentration may entail an increase in insurance premia. …

to share risk. Central clearing can provide insurance against counterparty risk but must be designed to preserve risk …

to share risk. Central clearing can provide insurance against counterparty risk but must be designed to preserve risk …

authors examine whether insurance against college-failure risk can be offered, taking into account moral hazard and adverse … school graduates in the US and use that model to study the feasibility and optimality of offering insurance against college …-failure risk. The authors find that optimal insurance raises the enrollment rate by 3.5 percent, the fraction acquiring a degree by …

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

security used to hedge the risk is similar to a CAT bond. This work looks at the incentives associated with insurance …

On-demand insurance is an innovative business model from the InsurTech space, which provides coverage for episodic …-possibility frontier outwards. We provide a sufficient condition under which type-specific full insurance at the actuarially fair price is … incentive compatible. We also show that our results hold for various real-world implementations of on-demand insurance …

We study how the clarity of COVID-19 risk communications affects COVID-19 insurance demand, using proprietary … prefecture-level insurance data from China. We find when local disclosure of COVID-19 risk contains case origin information …, local purchase of COVID-19 insurance and local internet search of COVID-19 information increase, controlling for local new …