| Description |
1 online resource : illustrations (black and white) |
| Contents |
Cover; The Economics, Regulation, and Systemic Risk of Insurance Markets; Copyright; Contents; List of Figures; List of Tables; List of Contributors; Introduction; Part 1: The Economics of Insurance and the Macroeconomic Role of Insurance; 1: What is Insurance and How Does it Differ from General Finance?; 1.1 Introduction; 1.2 The Economics of Insurance; 1.2.1 Insurance Versus Finance; 1.2.2 Are CDS ̀Insurance ́Contracts?; 1.2.3 Why and How Insurance is Regulated; 1.3 Further Defining Insurance; 1.3.1 Tautological Definition; 1.3.2 Chronological Definition; General Insurance Activities |
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Property insuranceCommercial insurance; Life insurance; Derivatives; Variable Annuities; 1.3.3 Risk Transfer as a Definition of Insurance?; 1.3.4 A Business Model Approach; 1.4 Conclusion; Acknowledgements; References; 2: The Macroeconomic Role of Insurance; 2.1 Introduction; 2.2 Insurance and Economic Growth; 2.2.1 Risk-Taking and Economic Growth; Correlation and Causation between The Growth of Insurance and Macroeconomic Growth; Microeconomic Risk-Taking and Growth; Insurance as a Collective Risk-Management Tool for a Fraction of the Risks; 2.2.2 Insurance and Interest Rates |
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Insurance and Allocation Of CapitalInsurance and Credit Risk; Insurers ́Investment Strategies and Long-Term Premiums; 2.2.3 Insurance and Savings; Insurance and Precautionary Savings; Empirical Results Presented in the Micro-Insurance Literature; 2.3 Insurance and Stabilization of the Economic and Financial Cycle; 2.3.1 Stabilization of the Economic Cycle Through the Insurance Products ́Core Features; Insurance and Resilience In Case Of Natural Catastrophes; Insurance and Stabilization of Long-Term Incomes; 2.3.2 Stabilization of the Financial Cycle Through Long-Term Orientation |
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2.3.3 The Role and Use of Derivatives and Alternative Risk Transfer Schemes2.3.4 The Impact of Recent Regulations on the Stabilizing Role of Insurance; 2.4 Insurance and Distribution; 2.4.1 The Unequal Nature of Risk; 2.4.2 Intergenerational Distribution; 2.4.3 ̀Inter-Individuals ́Distribution; 2.5 Insurance: Innovation, Limits and the Future; 2.5.1 Insurance and Innovation; 2.5.2 Insurance and the Paradox of Innovation; Insurance and Innovation: The Example of the Healthcare Market; 2.5.3 The Limits of Insurance in the Economy; Insurance Development is not Infinite, Nor are its Impacts |
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The ̀Uninsurability ́of Certain RisksThe Risk of Over-Insurance; Insurance Companies Can Fail; 2.5.4 The Future of Insurance; 2.6 Conclusion; Acknowledgements; References; 3: How the Insurance Industry Manages Risk; 3.1 Introduction; 3.2 Risk Management; 3.2.1 Managing Individual Risks (Insurance Risk, Financial Risk, and Operational Risk); Insurance Risk; Financial Risk; Credit Risk; Market Risk-Interest Rate Risk; Market Risk-Equity Risk; Market Risk-Foreign Exchange Risk; Liquidity Risk; Operational Risk; 3.2.2 Managing Aggregate Company Risk; Risk Appetite; Contingency Planning |
| Summary |
The work brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create |
| Bibliography |
Includes bibliographical references and index |
| Audience |
Specialized |
| Notes |
Online resource; title from home page (viewed on November 8, 2016) |
| Subject |
Insurance.
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Insurance
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insurance.
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BUSINESS & ECONOMICS -- Insurance -- Risk Assessment & Management.
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Insurance
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| Form |
Electronic book
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| Author |
Hufeld, Felix, editor
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Koijen, Ralph S. J., editor
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Thimann, Christian, editor
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Oxford University Press, publisher
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| ISBN |
9780191830877 |
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0191830879 |
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0191093173 |
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9780191093173 |
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9780198779179 |
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0198779178 |
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