Handbook of Insurance / edited by Georges Dionne.

Format:

Book

Contributor:

Dionne, Georges, Editor.

Language:

English

Subjects (All):

Insurance.

Local Subjects:

Insurance.

Physical Description:

1 online resource (1133 p.)

Edition:

2nd ed. 2013.

Place of Publication:

New York, NY : Springer New York : Imprint: Springer, 2013.

Language Note:

English

Summary:

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 This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants, and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets, and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products, and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.

Contents:

Preface

Introduction

Part 1: History

Developments in Risk and Insurance Economics: the Past 40 Years

Part 2 : Risk and Insurance Theory Without Information Problems

Higher-Order Risk Attitudes

Non-Expected Utility and the Robustness of the Classical Insurance Paradigm

The Economics of Optimal Insurance Design

The Effects of Changes in Risk on Risk Taking: A Survey

Risk Measures and Dependence Modeling

The Theory of Insurance Demand.-Prevention and Precaution

Part 3 : Asymmetric Information: Theory

Optimal Insurance Contracts under Moral Hazard

Adverse Selection in Insurance Contracting

The Theory of Risk Classification

The Economics of Liability Insurance

Economic Analysis of Insurance Fraud

Part 4: Asymmetric Information: Empirical Analysis

Asymmetric Information in Insurance Markets: Predictions and Tests

The Empirical Measure of Information Problems with Emphasis on Insurance Fraud and Dynamic Data

Workers’ Compensation: Occupational Injury Insurance’s Influence on the Workplace

Experience Rating in Non-Life Insurance

Part 5 : Risk Management

On the Demand for Corporate Insurance – Creating Value

Managing Catastrophic Risks through Redesigned Insurance: Challenges and Opportunities

Innovations in Insurance Markets: Hybrid and Securitized Risk-Transfer Solutions

Risk Sharing and Pricing in the Reinsurance Market

Part 6 : Insurance Pricing

Financial Pricing of Insurance

Insurance Price Volatility and Underwriting Cycles

Part 7 : Industrial Organization of Insurance Markets

On the Choice of Organizational Form: Theory and Evidence from the Insurance Industry

Insurance Distribution

Corporate Governance in the Insurance Industry: A Synthesis

Systemic Risk and the Insurance Industry

Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods

Capital Allocation and its Discontents

Capital and Risks Interrelationships in the Life and Health Insurance Industries: Theories and Applications

Insurance Market Regulation: Catastrophe Risk, Competition, and Systemic Risk

Insurance Markets in Developing Countries: Economic Importance and Retention Capacity

Part 8: Health and Long-Term Care Insurance, Longevity Risk, Life Insurance, and Social Insurance

Health Insurance in the United States

Longevity Risk and Hedging Solutions

Long-Term Care Insurance

New Life Insurance Financial Products

The Division of Labor Between Private and Social Insurance.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-4614-0155-0

OCLC:

865015480