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 …

We study optimal insurance demand for a risk-and ambiguity-averse consumer under
ambiguity about contract nonperformance. Ambiguity aversion lowers optimal insurance …

We study the problem of optimal insurance contract design for risk management under a
budget constraint. The contract holder takes into consideration that the loss distribution is not …

We study the design of an optimal insurance contract in which the insured maximizes her
expected utility and the insurer limits the variance of his risk exposure while maintaining the …

We propose a novel role for accounting covenants in credit lines. Accounting covenants
protect banks against severe aggregate liquidity shocks and firms against losing liquidity at …

We study a competitive market for risk-sharing, in which risk-tolerant providers of risk
protection, who face frictional costs in holding capital, offer coverage over a range of risk …

We study the design of an optimal insurance contract in which the insured maximizes her
expected utility and the insurer limits the variance of his risk exposure while maintaining the …

For an insurance transaction between a single risk-averse buyer and single risk-neutral
seller with positive transaction costs, it is well known that the buyer will prefer a policy …

This thesis develops a deepened understanding of insurance and its benefits, focusing on
practical aspects of insurance coverage and risk reduction. It is easy to see that the …