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Insurance Economics

Insurance Economics

Authors
Publisher Springer, Berlin
Year
Pages 452
Version paperback
Language English
ISBN 9783642439223
Categories Insurance & actuarial studies
Delivery to United States

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Book description

"Winner of the 2014 Kulp-Wright Book Award Presented by the American Risk and Insurance Association".

More information can be found here:

http://www.aria.org/awards/bookawards.htm

Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance by individuals and corporations, objectives pursued and management tools used by insurance companies, the regulation of insurance, and the division of labor between private and social insurance. Appropriete both for advanced undergraduate and graduate students of economics, management, and finance, this text provides the background required to understand current research. Predictions derived from theoretical argument are not only stated but confronted with empirical evidence. Throughout the book, conclusions summarize results, helping readers to check their knowledge and understanding. Issues discussed include paradoxa in decision making under risk, selection of favorable risks by insurers, the possibility of a "death spiral" in insurance markets, and future challenges such as re-regulation in the wake of the 2007-09 financial crisis and the increasing availability of generic information.

Insurance Economics

Table of contents

Introduction: Insurance and its Economic Role.- Risk: Measurement, Perception, and Management.- Insurance Demand I: Decisions under Risk without Diversification Possibilities.- Insurance Demand II: Decisions under Risk with Diversification Possibilities.- The Insurance Company and its Insurance Technology.- The Supply of Insurance.- Insurance Markets and Asymmetric Information.- Regulation of Insurance.- Social Insurance.- Challenges Confronting Insurance.

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