beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

As of December 21, 2012, the use of gender as an insurance rating category was prohibited. Any remaining pricing …

the value policyholders attach toand premiums they are willing to pay for insurance coverage.We characterize Pareto …

The recent automobile liability insurance crisis in Atlantic Canada has prompted the four provincial legislations …, the personal automobile insurance system. After reviewing some of the most interesting new regulatory changes, our paper … proposes a new area of discussion: The merger of the four provincial insurance regulatory bodies to combat insurance fraud. We …

We analyze the influence of rate regulation on insurance demand in an annuity setting. With a unique dataset containing …

We offer a novel explanation of underwriting volatility in property-liability insurance markets in terms of private … equity value of insurance firms. Solvency regulations, however, pose a second source of risk to equity value when the …-reply underwriting strategy of a representative insurance firm and the implementation strategy of a representative regulator. Owing to …

Abstract We develop a tractable model of competitive insurance markets with a continuum of types and exogenous … mandated coverage is interior (i.e, below full insurance) …

Given that the insurance market is characterized by asymmetric information, its efficiency has traditionally been based …

It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public …