Nos derniers articles

"... our findings question whether insurance rates can play a useful role in steering climate adaptation and whether households will have continued access to insurance."

"This paper analyzes how governments support insurance markets to maintain insurability and limit risks to society. We propose a new conceptual framework grouping government interventions into three dimensions: regulation of risky activity, public investment in risk reduction, and co-insurance."

"When developing large-sample statistical inference for quantiles, also known as Values-at-Risk in finance and insurance, the usual approach is to convert the task into sums of random variables. The conversion procedure requires that the underlying cumulative distribution function (cdf) would have a probability density function (pdf), plus some minor additional assumptions on the pdf. In view of this, and in conjunction with the classical continuous-mapping theorem, researchers also tend to impose the same pdf-based assumptions when investigating (functionals of) integrals of the quantiles, which are natural ingredients of many risk measures in finance and insurance. Interestingly, the pdf-based assumptions are not needed when working with integrals of quantiles, and in this paper we explain and illustrate this remarkable phenomenon."

"We propose a new conceptual framework grouping government interventions into three dimensions: regulation of risky activity, public investment in risk reduction, and co-insurance."

"As businesses improved their resilience, cybercriminals adapted and ransoms escalated, calling insurability into question. Yet there remains little appetite for imposing restrictive conditionality in this highly competitive market. Instead, insurers have turned to governments to contain criminal threats and cushion catastrophic losses."

"We argue that datafication of insurer processes may fuel excessive data collection in the context of insurance contracts, generating a substantial risk of harm to consumers, especially in terms of discrimination, exclusion, and unaffordability of insurance. "

"Insurance fraud has been a long-lasting issue in actuarial modeling. Policyholders are prone to hide their true status in their best interest when disclosing their information for insurance pricing purposes. However, from the insurers' point of view, it is either time-consuming or laborious to verify the true status of such risk factors. There is thus a strong incentive to build models accounting for potential misrepresentation, which contributes to a more robust ratemaking system."

"Our findings show that demand is overall higher to insure separate risks than to cover all risks together in a bundled insurance policy in the UK, whereas no significant difference is found between demand for bundled insurance and single policy insurance in the Netherlands. This difference in preference across the two countries is partly associated with whether individuals have been flooded in the past, which is more often the case in the UK than the Netherlands."

"... most modified coinsurance is purchased from reinsurers located in countries with lower regulatory capital requirements and within the same insurance holding group. Our findings expose how insurers use reinsurance to obfuscate their asset risk."

"... insurance pricing can accelerate the incorporation of climate risk in asset markets."