Time-preference shocks affect agents' preferences for assets with different durations. We consider longevity risk as a source of time-preference shocks and model it in the recursive preferences setting. This implies a consumption-based three-factor model, including longevity risk, consumption...

Determining the appropriate premium to charge for the underlying risk is central to delivering a sustainable agricultural insurance program. While this is fundamental to all types of insurance, in agriculture this is a particularly challenging task given systemic risk, information asymmetry, and...

PurposeThe purpose of this paper is to propose an improved reinsurance pricing framework, which includes a crop yield forecasting model that integrates weather variables and crop production information from different geographically correlated regions using a new credibility estimator, and closed...