The paper provides a comprehensive overview of modeling and pricing cyber insurance and
includes clear and easily understandable explanations of the underlying mathematical …

The insurance industry is built on risk classification, grouping insureds into homogeneous
classes. Through actions such as underwriting, pricing, and so forth, it differentiates, or …

The article presents a review of structural models of policyholder behavior in life insurance.
We first discuss underlying drivers of policyholder behavior in theory and survey the …

This is a summary of the main topics and findings from the Swiss Risk and Insurance Forum
2017. That event gathered experts from academia, insurance industry, regulatory bodies …

Financial institutions use risk measures to calculate the marginal capital cost when
expanding the exposure to a certain risk within their portfolio. We reverse this approach by …

This paper looks for evidence of adverse selection in the relationship between primary
insurers and reinsurers. We test the implications of a model in which informational …

Abstract Cummins, Doherty, and Lo (2002) present a theoretical and empirical analysis of
the capacity of the property liability insurance industry in the US to finance catastrophic …

We analyze the effects of life insurance settlement on insurance contract design, the
insurer's profit and welfare. Policyholders face not only mortality risks but also …

We examine hurricane exposure as a systematic risk factor in the US stock market.
Motivated by a consumption-based asset pricing model with heterogeneous agents, we …

Natural catastrophe risk is increasingly being covered through alternative capital instead of
reinsurance. Since most such instruments do not trade in an active market, their ongoing …