competitive life insurance market offering actuarially fair annuities. There exists a tragedy of annuitization: although full …

competitive life insurance market offering actuarially fair annuities. There exists a tragedy of annuitization: although full …

competitive life insurance market offering actuarially fair annuities. There exists a tragedy of annuitization: although full …

competitive life insurance market offering actuarially fair annuities. There exists a tragedy of annuitization: although full …

We study the design of optimal insurance contracts when the insurer can default on its obligations. In our model … default arises endogenously from the interaction of the insurance premium, the indemnity schedule and the insurer's assets … design of (re)insurance programs and guarantee funds …

insurance. I compare models with deterministic and stochastic hazard rate of death to a model without mortality risk. Mortality … influences optimal controls and wealth evolution. The insurance is used to ensure optimal bequest such that there is no … accidental bequest. In the absence of the insurance, the biggest part of bequest is accidental. …

This article studies insurance demand in a two-period framework in which an individual faces risks in both current and … future periods. Models for insurance with and without the presence of endogenous saving are both discussed. In contrast to … what most literature suggests, when decisions on insurance and saving are made separately, insurance alone does not always …

Weather insurance is a financial instrument proposed to increase coverage of unprotected weather shocks in developing … insurance, raising the question as to what impacts farmer demand for group insurance choices. We test if farmers prefer to … purchase real-world insurance products as groups, and if groups of more similar individuals are more likely to demand group …

We measure the extent of consumption insurance to income shocks accounting for high-order moments of the income … distribution. We derive a nonlinear consumption function, in which the extent of insurance varies with the sign and magnitude of …