We document that increases in property insurance premiums reduce mortgage originations. The effect is strongest for the rate refinancing and cash-out refinancing segments. We show that denials associated with increased premiums are significantly more likely attributed to high debt-to-income...

The tax and transfer system partially insures households against individual income risk. We build a framework to assess the size and (welfare) value of this partial insurance, which is based on exploiting distributional differences between household gross income and disposable income. Our...

Diese Studie untersucht die Entwicklung der Assekuranz in den letzten 30 Jahren und gibt einen Ausblick auf zukünftige Trends in der Branche. Während sich einige der in früheren Studien prognostizierten Entwicklungen, wie die Internationalisierung und Konsolidierung, bestätigt haben,...

Using return shipping insurance (RSI) to address product returns is common in e-commerce, while adopting blockchain technology (BCT) for product traceability not only significantly reduces the inspection costs of returned products but also improves consumer utility (i.e., reduces return rates)....

This article investigates whether corporate diversification may be driven by poor performance. We analyze Spanish non-life insurers' diversification status and extent over a 13-year sample period. Performance is measured through cost/revenue inefficiency, adjusted for scale inefficiency. The...

Insurance fraud detection is a significant problem in the insurance industry, producing immeasurable losses. Conventional insurance fraud detection models depend heavily on experts' knowledge, and accurately estimating fraud when the data and the claim data are enormous is a complex and...

In today's complex economy, firms face various risks. The increasing risks and exposures hinder top performance and impede investments in new project circles. This study examines how Enterprise Risk Management (ERM) practices affect the non-financial performance of Omani insurance companies and...

This paper investigates the role of proportional reinsurance as a practical and flexible tool for managing demographic risk in life insurance, with a focus on its impact on both the Solvency Capital Requirement (SCR) and expected profitability. While much of the existing literature focuses on...

The article aims to present the main challenges and characteristics of adopting the International Financial Reporting Standard (IFRS) 17 within insurance undertakings.We examined a comprehensive analysis of the problems associated with IFRS 17 implementation, as observed by 68 market...

Usage-Based Insurance (UBI), also referred to as telematics-based insurance, has been experiencing a growing global diffusion. In addition to being well established in countries such as Italy, the United States, and the United Kingdom, UBI adoption is also accelerating in emerging markets such...

Insurance companies are expected to play a critical part in the transition to a net-zero, resilient, and socially just economy. Not only can they impact changes through sustainable investing and underwriting, but they can also make a contribution with their own sustainable and inclusive...

COVID-19 is recognized to be the most impactful pandemic crisis on social customs, policy-making, and economic activities in the modern history of humankind. The insurance industry especially, both life insurance and general insurance, was highly impacted by COVID-19. In this paper, we examined...

This article addresses the growing problem of customer harassment in Japan’s insurance industry, with a particular focus on the life insurance sector. “Customer harassment” – a uniquely Japanese term - refers to abusive behavior by customers toward service workers, such as verbal abuse,...

Purpose - The purpose of this paper is to report on how the barriers that prevent or hinder the applicability of artificial intelligence (AI) impact its use in an insurance company. Design/methodology/approach - Through bibliographic research, this paper maps the literature to identify the...

This paper presents the development of a high-resolution composite index to monitor and quantify climate-related risks across Italy. The country's complex climatic variability, extensive coastline, and low insurance penetration highlight the urgent need for robust, locally calibrated tools to...

We study the economics of homeowners' property insurance by examining how contract design balances the trade-off between incentive alignment and risk sharing. Using granular contract-level property insurance data merged with property-level disaster risk for millions of U.S. households, we...

The report assesses options as regards the management and operation of a new Unemployment Benefit Fund (UBF) in Eswatini. Two institutions have been proposed by the Government as potential operators - the Public Sector Pension Fund (PSPF) and the Eswatini National Provident Fund (ENPF). Based on...

Sustainability transformation has gained traction across industries worldwide. Given their critical risk exposure, this transformation is of extreme precarity to the insurance industry. Yet, literature lacks a comprehensive approach for the development of a sustainability strategy covering the...