Book Description
This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.
Author : Howard C. Kunreuther
Publisher : Cambridge University Press
Page : 343 pages
File Size : 30,60 MB
Release : 2013-01-28
Category : Business & Economics
ISBN : 0521845726
This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.
Author : Peter Zweifel
Publisher : Springer Science & Business Media
Page : 461 pages
File Size : 28,44 MB
Release : 2012-02-24
Category : Business & Economics
ISBN : 364220547X
Presenting theoretical foundations and empirical research, this text introduces the reader to the core issues and analytical tools of insurance economics, examining in detail a host of key factors including supply and demand, regulation and social insurance.
Author : Frederick Ludwig Hoffman
Publisher :
Page : 398 pages
File Size : 37,63 MB
Release : 1911
Category : Insurance
ISBN :
Author : K.H. Borch
Publisher : Elsevier
Page : 418 pages
File Size : 13,46 MB
Release : 2014-07-14
Category : Business & Economics
ISBN : 1483294900
The theory of insurance is presented in this book, discussed from the viewpoint of the theory of economics of uncertainty. The principle of premium calculation which the book uses is based on economic equilibrium theory and differs from many of the premium systems discussed by actuaries.Reinsurance is developed in the framework of general economic equilibrium theory under uncertainty. Here ordering of risks, preferences and utility theory play an important role. The book discusses the markets for insurance and divides them into three classes: (i) life insurance (ii) business insurance and (iii) household insurance, and these classes are each treated extensively in three separate chapters. Finally uninsurable risks are presented under "asymmetric information". Here moral hazard and adverse selection are treated and illustrations are given, some based on game theory.
Author : S. Hun Seog
Publisher : John Wiley & Sons
Page : 353 pages
File Size : 47,55 MB
Release : 2010-03-15
Category : Business & Economics
ISBN : 140518552X
Written for advanced undergraduate and master’s level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics and is illustrated with some timely examples. Covers diverse issues such as risk aversion, expected utility, and moral hazard within the pure theory of insurance Provides a clear exposition of the necessary mathematics, a feature which cannot be found in readers on the topic Utilizes an undergraduate economics major level of math Uses the simplest economic models possible to keep the text intuitive Introduces more mathematically complex techniques such as basic optimization for students wishing to 'go further' in their analysis
Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 748 pages
File Size : 25,77 MB
Release : 1992
Category : Business & Economics
ISBN : 0792392043
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 surveys major areas in insurance economics. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those who desire to conduct research and teach in the field. In particular, we hope that this compilation and our introduction will be useful to graduate students and to researchers in economics, finance, and insurance. Our criteria for selecting articles included significance, representativeness, pedagogical value, and our desire to include theoretical and empirical work. While the focus of the applied papers is on property-liability insurance, they illustrate issues, concepts, and methods that are applicable in many areas of insurance. The S. S. Huebner Foundation for Insurance Education at the University of Pennsylvania's Wharton School made this book possible by financing publication costs. We are grateful for this assistance and to J. David Cummins, Executive Director of the Foundation, for his efforts and helpful advice on the contents. We also wish to thank all of the authors and editors who provided permission to reprint articles and our respective institutions for technical and financial support.
Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 742 pages
File Size : 17,65 MB
Release : 2013-11-11
Category : Business & Economics
ISBN : 9401579571
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 surveys major areas in insurance economics. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those who desire to conduct research and teach in the field. In particular, we hope that this compilation and our introduction will be useful to graduate students and to researchers in economics, finance, and insurance. Our criteria for selecting articles included significance, representativeness, pedagogical value, and our desire to include theoretical and empirical work. While the focus of the applied papers is on property-liability insurance, they illustrate issues, concepts, and methods that are applicable in many areas of insurance. The S. S. Huebner Foundation for Insurance Education at the University of Pennsylvania's Wharton School made this book possible by financing publication costs. We are grateful for this assistance and to J. David Cummins, Executive Director of the Foundation, for his efforts and helpful advice on the contents. We also wish to thank all of the authors and editors who provided permission to reprint articles and our respective institutions for technical and financial support.
Author : Frederick Ludwig Hoffman
Publisher :
Page : 366 pages
File Size : 25,19 MB
Release : 1911
Category :
ISBN :
Author : Peter Zweifel
Publisher : Springer Nature
Page : 545 pages
File Size : 18,5 MB
Release : 2021-10-05
Category : Business & Economics
ISBN : 3030803902
Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance among individuals and corporations, objectives pursued and management tools used by insurance companies, the regulation of insurance, and the division of labor between private and social insurance. Appropriate both for advanced undergraduate and graduate students of economics, management, and finance, this text provides the background required to understand current research. Predictions derived from theoretical arguments are not merely stated, but also related to empirical evidence. Throughout the book, conclusions summarize key results, helping readers to check their knowledge and comprehension. Issues discussed include paradoxes in decision making under risk and attempts at their resolution, moral hazard and adverse selection including the possibility of a “death spiral”, and future challenges to both private and social insurance such as globalization and the availability of genetic information. This second edition has been extensively revised. Most importantly, substantial content has been added to represent the evolution of risk-related research. A new chapter, Insurance Demand II: Nontraditional Approaches, provides a timely addition in view of recent developments in risk theory and insurance. Previous discussions of Enterprise Risk Management, long-term care insurance, adverse selection, and moral hazard have all been updated. In an effort to expand the global reach of the text, evidence and research from the U.S. and China have also been added.
Author : Felix Hufeld
Publisher : Oxford University Press
Page : 247 pages
File Size : 16,92 MB
Release : 2017
Category : Business & Economics
ISBN : 0198788819
The book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create.