insurance theorists have devoted much attention to this relationship. By bringing together economic theory and insurance theory … the limited risk-bearing ability of the economic system. In a capitalist economic system, institutions have evolved, such … as insurance and the stock market, that allow business owners to shift a portion of the risk of uncertainty. The idea …

, in a modern setting, the main concepts of the theory of risk-sharing in a group of agents. This theory we apply to the …Risk-sharing in insurance is analyzed, with a view towards explaining the prevalence of deductibles. First we introduce … risk-sharing problem between an insurer and an insurance customer. We motivate the development through simple examples …

This contribution relates to the use of risk measures for determining (re)insurers' economic capital requirements …. Alternative sets of properties of risk measures are discussed. Furthermore, methods for constructing risk measures via … different approaches relate to popular risk measures, such as VaR, Expected Shortfall, distortion risk measures and the …