Researchers have started to recognize the necessity for a well-defined ML governance
framework based on the principle of decentralization and comprehensively defining its …

Two by-now folkloric results in the theory of risk sharing are that (i) any feasible allocation is
convex-order-dominated by a comonotonic allocation; and (ii) an allocation is Pareto optimal …

We study an axiomatic framework for anonymized risk sharing. In contrast to traditional risk
sharing settings, our framework requires no information on preferences, identities, private …

Traditional insurance is based on a centralized approach of risk transfer from the insureds to
an insurer. A traditional insurance contract is a bilateral contract between an insured and an …

With the rise of decentralized finance and insurance technology, there has been growing
interest in the financial industry for risk sharing mechanisms without a central authority or …

Centralized insurance can be found in both the private and public sectors. This paper
provides a microeconomic study of the risk‐sharing mechanisms in these markets, where …

The peer-to-peer (P2P) economy has been growing with the advent of the Internet, with well
known brands such as Uber or Airbnb being examples thereof. In the insurance sector the …

Risk sharing has been practiced in various forms in the financial industry. This paper is the
first to study both dynamic and static risk‐sharing mechanisms for a group of participants …

Online mutual aid (MA) is a novel form of ex‐post risk sharing empowered by InsurTech to
provide critical illness coverage without involving an insurer. In this paper, we first provide a …

The challenges of using technology in the insurance field are opening new horizons for
developing and distributing innovative products. Among these, peer-to-peer insurance …