The Economics Of Property Casualty Insurance

Author : David F. Bradford
Publisher : University of Chicago Press
Page : 218 pages
File Size : 54,8 Mb
Release : 2007-12-01
Category : Political Science
ISBN : 9780226070322

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The Economics of Property-Casualty Insurance by David F. Bradford Pdf

The Economics of Property-Casualty Insurance presents new research and findings on key aspects of the economics of the property-casualty insurance industry. The volume explores the industrial organization, regulation, financing, and taxation of this business. The first paper, on external financing and insurance cycles, contains a wealth of information on trends and patterns in the industry's financial structure. The last essay, which compares performance of stock and mutual insurance companies, takes a fresh look at the way a company's organizational structure affects its responses to different economic situations. Two papers focus on rate regulation in the auto insurance industry, and provide broad overviews of the structure and economics of the insurance industry as a whole. Also addressed are the system of regulating insurance companies in the United States, who insures the insurers, and the effects of tax law changes in the 1980s on the prices of insurance policies.

Author : Barbara D. Stewart,Lowell Spencer Young
Publisher : Unknown
Page : 44 pages
File Size : 44,9 Mb
Release : 2000
Category : Business & Economics
ISBN : IND:30000076362999

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The Profit Cycle in Property and Casualty Insurance by Barbara D. Stewart,Lowell Spencer Young Pdf

Author : Ralph S.J. Koijen,Motohiro Yogo
Publisher : Princeton University Press
Page : 209 pages
File Size : 49,7 Mb
Release : 2023-04-04
Category : Business & Economics
ISBN : 9780691245973

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Financial Economics of Insurance by Ralph S.J. Koijen,Motohiro Yogo Pdf

An authoritative and comprehensive graduate textbook on the modern insurance sector The traditional role of insurers is to insure idiosyncratic risk through products such as life annuities, life insurance, and health insurance. With the decline of private defined benefit plans and government pension plans around the world, insurers are increasingly taking on the role of insuring market risk through minimum return guarantees. Insurers also use more complex capital management tools such as derivatives, off-balance-sheet reinsurance, and securities lending. Financial Economics of Insurance provides a unified framework to study the impact of financial and regulatory frictions as well as imperfect competition on all insurer decisions. The book covers all facets of the modern insurance sector, guiding readers through its complexities with empirical facts, institutional details, and quantitative modeling. An up-to-date textbook for graduate students in economics, finance, and insurance Covers a broad range of topics, including insurance pricing, contract design, reinsurance, portfolio choice, and risk management Provides promising new directions for future research Can be taught in courses on asset pricing, corporate finance, industrial organization, and public economics An invaluable resource for policymakers seeking an empirical and institutional account of today’s insurance sector

Author : Solomon Stephen Huebner
Publisher : Unknown
Page : 304 pages
File Size : 55,5 Mb
Release : 1944
Category : Insurance, Life
ISBN : UOM:39015065163860

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The Economics of Life Insurance by Solomon Stephen Huebner Pdf

Author : Georges Dionne,Scott E. Harrington
Publisher : Springer Science & Business Media
Page : 748 pages
File Size : 41,9 Mb
Release : 1992
Category : Business & Economics
ISBN : 9780792392040

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Foundations of Insurance Economics by Georges Dionne,Scott E. Harrington Pdf

Economic and financial research on insurance markets has undergone dramatic growth since its infancy in the early 1960s. Our main objective in compiling this volume was to achieve a wider dissemination of key papers in this literature. Their significance is highlighted in the introduction, which surveys major areas in insurance economics. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those who desire to conduct research and teach in the field. In particular, we hope that this compilation and our introduction will be useful to graduate students and to researchers in economics, finance, and insurance. Our criteria for selecting articles included significance, representativeness, pedagogical value, and our desire to include theoretical and empirical work. While the focus of the applied papers is on property-liability insurance, they illustrate issues, concepts, and methods that are applicable in many areas of insurance. The S. S. Huebner Foundation for Insurance Education at the University of Pennsylvania's Wharton School made this book possible by financing publication costs. We are grateful for this assistance and to J. David Cummins, Executive Director of the Foundation, for his efforts and helpful advice on the contents. We also wish to thank all of the authors and editors who provided permission to reprint articles and our respective institutions for technical and financial support.

Author : Felix Hufeld,Ralph S. J. Koijen,Christian Thimann
Publisher : Oxford University Press
Page : 247 pages
File Size : 49,5 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198788812

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The Economics, Regulation, and Systemic Risk of Insurance Markets by Felix Hufeld,Ralph S. J. Koijen,Christian Thimann Pdf

Pt. 1. The economics of insurance and the macroeconomic role of insurance -- What is insurance and how does it differ from general finance? / Christian Thimann -- The macroeconomic role of insurance / Denis Kessler, Amélie de Montchalin, and Christian Thimann -- How the insurance industry manages risk / Denis Duverne and John Hele -- pt. 2. Financial stability and the possibilities of systemic risk -- Risks of life insurers : recent trends and transmission mechanisms / Ralph S.J. Koijen and Motohiro Yogo -- Measuring systemic risk for insurance companies / Viral V. Acharya, Thomas Philippon, and Matthew Richardson -- Measuring interest rate risk in the life insurance sector : the U.S. and the U.K. / Daniel Hartley, Anna Paulson and Richard J. Rosen -- pt. 3. Regulation -- How the insurance industry's asset portfolio responds to regulation / Bo Becker -- Spillover effects of risk regulation on the asset side to asset markets / Andrew Ellul, Chotibhak Jotikasthira, and Christian T. Lundblad -- A regulatory framework for systemic risk in the insurance industry / Felix Hufeld -- pt. 4. Open questions going forward from the insurance sector -- The big questions for the insurance sector : findings from a survey of insurance companies / Luca Pancaldi and Uwe Stegemann

Author : William A Rushing
Publisher : Unknown
Page : 240 pages
File Size : 41,7 Mb
Release : 1987-01-31
Category : Electronic
ISBN : 940094232X

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Social Functions and Economic Aspects of Health Insurance by William A Rushing Pdf

Author : Nigel Davies,Richard Podpiera,Mr.Udaibir S. Das
Publisher : International Monetary Fund
Page : 45 pages
File Size : 53,7 Mb
Release : 2003-07-01
Category : Business & Economics
ISBN : 9781451856002

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Insurance and Issues in Financial Soundness by Nigel Davies,Richard Podpiera,Mr.Udaibir S. Das Pdf

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.

Author : Kenneth A. Froot
Publisher : University of Chicago Press
Page : 490 pages
File Size : 42,5 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226266251

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The Financing of Catastrophe Risk by Kenneth A. Froot Pdf

Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy. The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.

Author : Johnson B. Powell
Publisher : Nova Science Publishers
Page : 0 pages
File Size : 55,5 Mb
Release : 2013
Category : Global Financial Crisis, 2008-2009
ISBN : 1629481181

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U. S. Insurance Industries After the 2007-2009 Financial Crisis by Johnson B. Powell Pdf

The U.S. life and property/casualty (P/C) insurance industries wrote over $1 trillion in total premiums in 2011 and play an important role in ensuring the smooth functioning of the economy. Concerns about the oversight of the insurance industry arose during the 2007-2009 financial crisis, when one of the largest U.S. holding companies that had substantial insurance operations, American International Group, Inc. (AIG), suffered large losses. These losses were driven in large part by activities conducted by a non-insurance affiliate, AIG Financial Products, but also included securities lending activity undertaken by some of its life insurance companies which created liquidity issues for some insurers. The losses threatened to bankrupt the company, and AIG was one of the largest recipients of assistance by the Federal Reserve Bank of New York and the federal government under the Troubled Asset Relief Program (TARP) set up during the crisis. This book examines any effects of the financial crisis on the insurance industry and policyholders, and addresses what is known about how the financial crisis affected the insurance industry and policyholders, and the types of actions that have been taken since the crisis to help prevent or mitigate potential negative effects of future economic downturns on insurance companies and their policyholders.

Author : Robert L. Brown,Leon R. Gottlieb
Publisher : Unknown
Page : 188 pages
File Size : 44,5 Mb
Release : 2001-05
Category : Business & Economics
ISBN : 1566983940

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Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance by Robert L. Brown,Leon R. Gottlieb Pdf

Author : Coopers & Lybrand,Task Force on the Future of the Canadian Financial Services Sector
Publisher : Unknown
Page : 52 pages
File Size : 41,5 Mb
Release : 1998
Category : Business & Economics
ISBN : UIUC:30112045727150

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The Property/casualty Insurance Industry by Coopers & Lybrand,Task Force on the Future of the Canadian Financial Services Sector Pdf

This report reviews the key features and public policy issues regarding the property & casualty insurance industry in Canada. It begins with an overview of the business and structure of the industry: the nature and composition of the property and casualty business, the industry in the context of the Canadian financial services sector, financial structure, and regulation of the industry. It then discusses the following issues: the financial capacity of the industry to handle claims resulting from a major earthquake; the likelihood of major industry consolidation; potential changes in the industry's distribution system in the near future; and the impact of technology in general.

Author : Johnson B. Powell
Publisher : Unknown
Page : 122 pages
File Size : 53,7 Mb
Release : 2014-05-14
Category : Business & Economics
ISBN : 162948119X

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U. S. Insurance Industries After the 2007-2009 Financial Crisis by Johnson B. Powell Pdf

The U.S. life and property/casualty (P/C) insurance industries wrote over $1 trillion in total premiums in 2011 and play an important role in ensuring the smooth functioning of the economy. Concerns about the oversight of the insurance industry arose during the 2007-2009 financial crisis, when one of the largest U.S. holding companies that had substantial insurance operations, American International Group, Inc. (AIG), suffered large losses. These losses were driven in large part by activities conducted by a non-insurance affiliate, AIG Financial Products, but also included securities lending activity undertaken by some of its life insurance companies which created liquidity issues for some insurers. The losses threatened to bankrupt the company, and AIG was one of the largest recipients of assistance by the Federal Reserve Bank of New York and the federal government under the Troubled Asset Relief Program (TARP) set up during the crisis. This book examines any effects of the financial crisis on the insurance industry and policyholders, and addresses what is known about how the financial crisis affected the insurance industry and policyholders, and the types of actions that have been taken since the crisis to help prevent or mitigate potential negative effects of future economic downturns on insurance companies and their policyholders.

Author : Tpb Publishing
Publisher : Test Prep Books
Page : 166 pages
File Size : 45,7 Mb
Release : 2020-08-21
Category : Electronic
ISBN : 1628459182

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Property and Casualty Insurance License Exam Study Guide by Tpb Publishing Pdf

Test Prep Books' Property and Casualty Insurance License Exam Study Guide: Property Casualty Insurance Book and Practice Test Questions [3rd Edition] Made by Test Prep Books experts for test takers trying to achieve a great score on the Property and Casualty exam. This comprehensive study guide includes: Quick Overview Test-Taking Strategies Introduction Types of Property Policies Covers sections such as Basic Insurance Principles, Insurable Risk, Risk Management, Property Insurance, Business Owner Policies and Commercial Insureds and Policies Property Insurance Terms and Related Concepts Covers the Property Insurance Terms and Related Concepts section Property Policy Provisions and Contract Law Covers the Property Policy Provisions and Contract Law section Types of Casualty Policies and Bonds Covers the Types of Casualty Insurance section Casualty Insurance Terms and Related Concepts Covers the Casualty Insurance section Casualty Policy Provisions Covers the Casualty Policy Provisions section Practice Questions Detailed Answer Explanations Studying can be hard. We get it. That's why we created this guide with these great features and benefits: Comprehensive Review: Each section of the test has a comprehensive review created by Test Prep Books that goes into detail to cover all of the content likely to appear on the test. Practice Test Questions: We want to give you the best practice you can find. That's why the Test Prep Books practice questions are as close as you can get to the actual Property and Casualty test. Answer Explanations: Every single problem is followed by an answer explanation. We know it's frustrating to miss a question and not understand why. The answer explanations will help you learn from your mistakes. That way, you can avoid missing it again in the future. Test-Taking Strategies: A test taker has to understand the material that is being covered and be familiar with the latest test taking strategies. These strategies are necessary to properly use the time provided. They also help test takers complete the test without making any errors. Test Prep Books has provided the top test-taking tips. Customer Service: We love taking care of our test takers. We make sure that you interact with a real human being when you email your comments or concerns.

Author : Howard C. Kunreuther,Mark V. Pauly,Stacey McMorrow
Publisher : Cambridge University Press
Page : 343 pages
File Size : 49,5 Mb
Release : 2013-01-28
Category : Business & Economics
ISBN : 9780521845724

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Insurance and Behavioral Economics by Howard C. Kunreuther,Mark V. Pauly,Stacey McMorrow Pdf

This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.