During 2008 and 2009, the insurance industry experienced unprecedented volatility. The
large swings in insurers' market valuations, and the significant role that financial reporting …

Purpose Catastrophe (CAT) events associated with natural catastrophes and man-made
disasters cause profound impacts on the insurance industry. This research thus reviews the …

ABSTRACT I describe asset price dynamics caused by the slow movement of investment
capital to trading opportunities. The pattern of price responses to supply or demand shocks …

'Catastrophe Risk Financing in Developing Countries' provides a detailed analysis of the
imperfections and inefficiencies that impede the emergence of competitive catastrophe risk …

Reinsurance: Actuarial and Statistical Aspects provides a survey of both the academic
literature in the field as well as challenges appearing in reinsurance practice and puts the …

This article builds on Froot and Stein in developing a framework for analyzing the risk
allocation, capital budgeting, and capital structure decisions facing insurers and reinsurers …

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 …

While many crop insurance systems have been reformed around the world, few academic
researches have addressed the determinants of the decision on crop insurance at the farm's …

We provide a model of the effects of catastrophic risk on real estate financing and prices and
demonstrate that insurance market imperfections can restrict the supply of credit for …

We present a model for the equilibrium movement of capital between asset markets that are
distinguished only by the levels of capital invested in each. Investment in that market with the …