Rural microfinance must contend with the triple challenges of isolation, small‐scale
transactions, and risk. These challenges result in information asymmetries and transaction …

The digital revolution has been shaking up the financial sector for some time now. This is
also happening in the insurance industry, which has remained unchanged for a long time …

Decentralized insurance can be used to describe risk sharing mechanisms under which
participants trade risks among each other as opposed to passing risks mostly to an insurer in …

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 …

This paper considers linear fair risk sharing rules and the conditional mean risk sharing rule
for independent but heterogeneous losses that are gathered in an insurance pool. It studies …

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 …

This paper studies a peer-to-peer (P2P) insurance scheme where participants share the first
layer of their respective losses while the higher layer is transferred to a (re-) insurer. The …

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 …

We consider the conditional mean risk allocation for an insurance pool, as defined by Denuit
and Dhaene (2012). Precisely, we study the asymptotic behavior of the respective relative …