Αποτελέσματα Αναζήτησης
AN INTRODUCTION TO INSURANCE ECONOMICS. G. Dionne, E. S. Harrigton. Published 1991. Economics. Although the prevalence of risk in economic activity has always been recognized (Green, 1984), deterministic models dominated economic explanations of observed phenomena for many years.
1 Ιαν 1992 · The economics of insurance is primarily a story of risk shifting. The standard story is that risk-averse individuals confronted with sizable hazards will pay a more diversified insurer to...
attempts to cover the wide variety of applications of insurance economics in the areas of health insurance, life insurance and annuities, social insurance, and in the law and economics literature.
6 Οκτ 2021 · Insurance contributes to economic efficiency and fosters economic growth in several ways. In particular, it allows individuals to venture into new and profitable businesses by protecting existing wealth.
Insurance in its pure form is a social good and in a number of cases can be classified as a public good (that is, it generates desirable externali-ties). Insurance companies, mutuals and cooperatives enable individ-uals and firms to protect themselves against infrequent but extreme losses at a cost which is small compared to the feared loss.
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.
EXECUTIVE SUMMARY. When asked what insurance does, most people are likely to say that it provides protection against financial aspects of a premature death, injury, loss of property, loss of earning power, legal liability or other unexpected expenses. All that is true.
