Some recent literature on optimal pension/life insurance design studies whether contracts with guarantees can be … preferred by a utility-maximizing policyholder. In the absence of mortality risk, the main result in the literature (e … life/pension insurance contracts and investigate the effects on EUT- and CPT-investors. Our results show that an EUT …

The paper analyzes insurance contracts where the benefits of the insured depend on the performance of an investment …

In this paper we study contract formation in a standard insurance model with one-sided ambiguity: the agent is … one - the most protable full insurance pooling contract - is a perfect sequential equilibrium. We believe this result to … agent does. We argue that a contract offer can potentially transfer this informational advantage to the insured. This leads …

insurance player may get. The classical problem investigates the ideal contract under the assumption that the underlying risk …The optimal insurance problem represents a fast growing topic that explains the most efficient contract that an …-maker aims to identify a robust optimal contract that is not sensitive to the chosen risk distribution. We focus on Value-at-Risk …

This work is devoted to the study of insurance contracts based on risky instruments of the financial market. In the …

In this survey we present some of the more signi ficant results in the literature on adverse selection in insurance …-period contracts raises many issues that are discussed in detail; time horizon, discounting, commitment of the parties, contract … complicated because insurance companies must take into account competitive pressures when they set incentive contracts. As pointed …

insurers to focus on the needs of the policyholder. A common contract feature is a deductible set so that the insurance pays …Bundled insurance contracts, providing protection based on several loss coverages, are attractive because they allow …. Without combined deductibles, it is straightforward to value bundled insurance contracts as the sum of contracts from each …