Alexis Louaas,Pierre Picard
Alexis Louaas
We analyze how pandemic business interruption coverage can be put in place by building on capitalization mechanisms and a portfolio management strategy. As evidenced with COVID-19, pandemics affect economic sectors in differentiated ways: s...
The prevention puzzle [0.03%]
预防之谜
Han Bleichrodt
Han Bleichrodt
Promoting prevention is an important goal of public policy. Fifty years ago, Ehrlich and Becker (J Polit Econ 80:623-648, 1972) proposed a simple model of prevention (or self-protection as they called it). Surprisingly enough, subsequent re...
Special issue "Risk Considerations and Insurance in Developing Countries" of the Geneva Risk and Insurance Review [0.03%]
日内瓦风险与保险期刊“(发展中国家的风险考量及保险)专刊
Mark Browne,Alejandro Del Valle Suarez,Emmanuel Jimenez et al.
Mark Browne et al.
Subjective and objective risk perceptions and the willingness to pay for agricultural insurance: evidence from an in-the-field choice experiment in rural China [0.03%]
主观客观风险感知与农业保险的支付意愿——来自中国农村实地选择实验的证据
Hong Fu,Yuehua Zhang,Yinuo An et al.
Hong Fu et al.
We conducted in-the-field choice experiments in China to investigate farmers' willingness to pay for crop insurance and to determine how objective and subjective beliefs affect Willingness to Pay (WTP). We deploy three variants of the choic...
Ralph S J Koijen,Motohiro Yogo
Ralph S J Koijen
Since the mid-1980s, the share of household net worth intermediated by US financial institutions has shifted from defined benefit plans to life insurers and defined contribution plans. Life insurers have primarily grown through variable ann...
Glenn Harrison,Karlijn Morsink,Mark Schneider
Glenn Harrison
There is widespread concern in developing countries with the expansion of formal insurance products to help manage significant risks. These concerns arise primarily from a lack of understanding of insurance products, general failures of fin...
Special issue "Covid-19: the economics of pandemic risks and insurance" of the Geneva Risk and Insurance Review [0.03%]
特刊"Covid-19：大流行风险与保险的经济学分析" 于日内瓦风险管理与保险评论中出版
Alexander Muermann,Casey Rothschild
Alexander Muermann
Covid-19: implications for insurer risk management and the insurability of pandemic risk [0.03%]
新冠疫情对保险公司风险管理及疫情风险可保性的影响
Andreas Richter,Thomas C Wilson
Andreas Richter
This paper analyzes the insurability of pandemic risk and outlines how underwriting policies and scenario analysis are used to build resilience upfront and plan contingency actions for crisis scenarios. It then summarizes the unique "lesson...
Robert Hartwig,Greg Niehaus,Joseph Qiu
Robert Hartwig
Private insurance coverage for economic losses caused by pandemics is limited. While many factors contribute to reduced demand and supply, we attribute the low amount of coverage to the high levels of capital that would be required to credi...
Kent A Smetters
Kent A Smetters
Integrated epidemiological-economics models have recently appeared to study optimal government policy, especially stay-at-home orders (mass "quarantines"). But these models are challenging to interpret due to the lack of closed-form solutio...