Handbook of Insurance

by Georges Dionne (Editor)

Overview

This book details the research developments in insurance and its related fields. It starts with the history and foundations of insurance theory and moves on to review asymmetric information, risk management, insurance pricing and other advance topics.

Product Details

ISBN-13:	9781461401551
Publisher:	Springer-Verlag New York, LLC
Publication date:	12/02/2013
Sold by:	Barnes & Noble
Format:	eBook
Pages:	1126
File size:	9 MB

About the Author

Georges Dionne, Professor, Department of Finance HEC Montréal Montréal (Québec) Canada H3T 2A7

Table of Contents

I History.- 1 Developments in Risk and Insurance Economics: The Past 25 Years.- II Insurance Theory Without Information Problems.- 2 Non-Expected Utility and the Robustness of the Classical Insurance Paradigm.- 3 Optimal Insurance Design: What can we do with and without Expected Utility?.- 4 The Effects of Changes in Risk on Risk Taking: A Survey.- 5 The Theory of Insurance Demand.- III Asymmetric Information: Theory.- 6 Optimal Insurance under Moral Hazard.- 7 Adverse Selection in Insurance Markets.- 8 The Theory of Risk Classification.- 9 The Economics of Liability Insurance.- 10 Economic Analysis of Insurance Fraud.- IV Asymmetric Information: Empirical Analysis.- 11 Econometric Models of Insurance under Asymmetric Information.- 12 The Empirical Measure of Information Problems with Emphasis on Insurance Fraud.- 13 Incentive Effects of Workers’ Compensation: A Survey.- 14 Experience Rating through Heterogeneous Models.- V Risk Management.- 15 Innovation in Corporate Risk Management: The Case of Catastrophe Risk.- 16 On Corporate Insurance.- 17 Financial Risk Management in the Insurance Industry.- 18 Linking Insurance and Mitigation to Manage Natural Disaster Risk.- VI Insurance Pricing.- 19 Applications of Financial Pricing Models in Property-Liability Insurance.- 20 Volatility and Underwriting Cycles.- VII Industrial Organization of Insurance Markets.- 21 Organizational Forms within the Insurance Industry: Theory and Evidence.- 22 Insurance Distribution Systems.- 23 The Retention Capacity of Insurance Markets in Developing Countries.- 24 Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods.- 25 Dealing with the Insurance Business in the Economic Accounts.- VIII Life Insurance, Pensions and Economic Security.- 26Developments in Pensions.- 27 Life Insurance.- 28 The Division of Labor Between Private and Social Insurance.

Editorial Reviews

What a pleasure it is to discover the second edition of the Handbook of Insurance, twelve years after the first! Many key concepts at the core of risk, uncertainty and insurance economics have been further refined, reassessed, and reanalyzed. New issues have emerged, including systemic risk, longevity risk, long-term care, the corporate governance of insurance companies, capital allocation within insurance companies and alternative risk transfer devices. I have a simple wish: that this handbook be diffused to as wide an audience as possible, both in academic and professional spheres.

Denis Kessler
Chairman and CEO of SCOR

From the Publisher