The real-world insurance markets show that the experience of having an accident increases insurance purchases in the next period relative to insurance purchases when in the immediately prior period there was no accident. There have been several explanations put forward to explain such behaviour,...

This paper gives an empirical analysis of the insurance reactions post-Christchurch earthquakes of 2010-2011. In a broad sense, the paper examines the earthquakes' ramification for the supply-side of the entire insurance industry in New Zealand as well as going further to give a narrow analysis...

A general problem in insurance economics is to establish how insurance demand is affected by the size of the loss suffered in the previous period. This problem lays out the underlying objective of this study, which examines how insurance demand changes post-catastrophes, and how it can be...