This book details the research developments in insurance and its related fields. It starts with the history and foundations of insurance theory and moves on to review asymmetric information, risk management, insurance pricing and other advance topics.

I History -- 1 Developments in Risk and Insurance Economics: The Past 25 Years -- II Insurance Theory Without Information Problems -- 2 Non-Expected Utility and the Robustness of the Classical Insurance Paradigm -- 3 Optimal Insurance Design: What can we do with and without Expected Utility? --...

The Government of Burkina Faso has recently been conducting important governmental and macro-economic changes, aiming at encouraging the economic growth of the country. In order to maintain this growth, the Government has put in place a transportation program to improve the efficiency and safety...

Economic and financial research on insurance markets has undergone dramatic growth since its infancy in the early 1960s. Our main objective in compiling this volume was to achieve a wider dissemination of key papers in this literature. Their significance is highlighted in the introduction, which...