We study transitions from EET tax regime to TEE regime in a defined-benefit pension scheme with a numerical overlapping generations model, using stochastic mortality projections as inputs. In a traditional pension scheme with no automatic longevity rules, such as a link between life expectancy...

This paper addresses the urbanization of areas exposed to natural disasters and studies its dependency on land-use and insurance policies. The risk-map paradox that we describe explains why an insurance system with simplistic maps and tariffs is the rule. Indeed, in practice we observe simple...

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...

Front Cover -- Contents -- Foreword -- Acknowledgments -- About the Authors -- Endorsements -- Abbreviations -- Chapter 1 Introduction -- 1.1 Guide Overview -- 1.2 The Case Example -- Bibliography -- Chapter 2 Critical Concepts in Named Peril Index Insurance -- 2.1 Why Is Insurance Useful for...

Named peril index insurance has great potential to address unmet risk management needs for agricultural insurance in developing economies, potentially contributing to increased agricultural sustainability and improved food security. However, the development and appraisal of index insurance...

Road traffic injuries are a leading cause of death worldwide. Proper estimation of car accident risk is critical for the appropriate allocation of resources in healthcare, insurance, civil engineering and other industries. We show how images of houses are predictive of car accidents. We analyse...