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1. link.springer.com › chapter › 10The Economics of Liability Insurance | SpringerLink

   link.springer.com › chapter › 10

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   Emphasizing general liability insurance, we describe basic relationships between legal liability law, liability insurance, and loss control, including the practical limitations of liability rules and insurance markets as mechanisms for promoting efficient deterrence and risk-spreading.

2. www.actuaries.org.uk › system › filesA Generic Framework for the Economic Valuation of Insurance...

   www.actuaries.org.uk › system › files

   Generic framework1. • How should insurance liabilities be valued? • Is the standard Solvency II-type approach sufficient? • Can it be generalised and how should it be calibrated? Applications. • How can differences in valuation frameworks be interpreted? • How should the Solvency II cost of capital rate be interpreted?

3. link.springer.com › chapter › 10The Economics of Liability Insurance | SpringerLink

   link.springer.com › chapter › 10

   • Αποθηκευμένο αντίγραφο

   1 Ιαν 2013 · This chapter examines key elements of the liability system in the USA: the basic theory on the role of liability rules in providing incentives for loss control; the effects of limited liability on the demand for liability insurance and on the ability of tort liability to provide optimal incentives; the problem of correlated risk in liability ...

4. link.springer.com › chapter › 10An Introduction to Insurance Economics | SpringerLink

   link.springer.com › chapter › 10

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   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. As a result, the economics of insurance has a relatively short history. In early...

5. www.actuaries.org.uk › system › filesA Generic Framework for the Economic Valuation of Insurance...

   www.actuaries.org.uk › system › files

   This chapter develops a generic framework for valuing insurance liabilities by extending the simplified base case established in chapter 2, firstly by allowing for debt funding and residual capital requirements, and then by adding tax.

6. academic.oup.com › book › 27174The Macroeconomic Role of Insurance | The Economics, Regulation,...

   academic.oup.com › book › 27174

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   10 Νοε 2016 · This chapter presents a framework for understanding the macroeconomic role of insurance, based on its economic contribution to the functioning of the economy and society, beyond the traditional role of financial intermediary and long-term investor.

7. www.annualreviews.org › content › journalsThe Economics of Insurance: A Derivatives-Based Approach

   www.annualreviews.org › content › journals

   This article revisits the economics of insurance using insights from derivatives pricing and hedging. Applying this perspective, I emphasize the following insights applicable to insurance. First, I provide a valid justification for the use of arbitrage-free insurance premiums.