Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Intermediation In Reinsurance Markets
Download Intermediation In Reinsurance Markets full books in PDF, epub, and Kindle. Read online Intermediation In Reinsurance Markets ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Intermediation in Reinsurance Markets by : Laila Neuthor
Download or read book Intermediation in Reinsurance Markets written by Laila Neuthor and published by VVW GmbH. This book was released on 2013-03-01 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reinsurance cover can either be purchased directly or via an intermediating reinsurance broker. The importance of reinsurance brokers has increased steadily since the early nineties. The thesis thus aims to analyze the impact of the reinsurance broker on reinsurance market efficiency and to identify the reasons why primary insurers to an increasing extent contract via an intermediating reinsurance broker. As the reinsurance broker's intermediation services are costly for the primary, intermediation needs to increase the primary insurer's payoff or utility compared to the direct purchase of reinsurance cover. Otherwise, no primary would be willing to hire a broker firm for assistance in the reinsurance acquisition process. Chapter II clarifies the framework for reinsurance broker activity. Chapter III first gives an overview of the reinsurance broker market (III.2) with a special focus on the market concentration and the geographical importance of reinsurance brokers. In addition, the reinsurance broker's tasks before, during, and after the reinsurance contract conclusion (III.3) are introduced and the types of reinsurance broker remuneration frequently used (III.4) are outlined. Finally, the most prominent reinsurance broker regulatory frameworks (III.5) are introduced along with rationales for reinsurance broker regulation. Chapter IV is composed of five sections discussing the different aspects of the market function of the reinsurance broker. Chapter V gives a short summary of the main findings and concludes the thesis. By combining economic theory and market observations, this thesis addresses both scholars and reinsurance market specialists. Rückversicherung kann entweder direkt oder über einen vermittelnden Rückversicherungsmakler erworben werden. Die Bedeutung der Rückversicherungsmakler hat seit Anfang der 1990er Jahre international zugenommen. Vor dem Hintergrund dieser Entwicklung untersucht die Autorin die Effizienz des Rückversicherungsmarktes und die Gründe, warum Erstversicherer in zunehmendem Maße Rückversicherung über einen vermittelnden Rückversicherungsmakler abschließen. Kapitel II klärt die Rahmenbedingungen für das Tätigwerden der Rückversicherungsmakler. Kapitel III gibt zunächst einen Überblick über den Rückversicherungsmakler-Markt (III.2) mit einem besonderen Fokus auf die Marktkonzentration und die geographische Verteilung der Rückversicherungsmakler. Darüber hinaus werden die Aufgaben der Rückversicherungsmakler vor, während und nach dem Vertragsabschluss (III.3) vorgestellt und die häufigsten Arten der Vergütung (III.4) behandelt. Schließlich werden die wichtigsten Regelwerke für Rückversicherungsmakler (III.5) erläutert. Kapitel IV befasst sich detailliert mit verschiedenen Aspekten des Rückversicherungsmarktes und der Funktion der Broker. Kapitel V fasst die Ergebnisse kurz zusammen. Die Autorin verbindet ökonomische Theorie mit Marktbeobachtungen und leistet einen wichtigen Beitrag zu einem wenig erforschten Themengebiet. Die Arbeit richtet sich sowohl an Wissenschaftler als auch an die im Rückversicherungsmarkt tätigen Spezialisten.
Book Synopsis Insurance Distribution Directive by : Pierpaolo Marano
Download or read book Insurance Distribution Directive written by Pierpaolo Marano and published by Springer Nature. This book was released on 2021 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation offers the first comprehensive legal and regulatory analysis of the Insurance Distribution Directive (IDD). The IDD came into force on 1 October 2018 and regulates the distribution of insurance products in the EU. The book examines the main changes accompanying the IDD and analyses its impact on insurance distributors, i.e., insurance intermediaries and insurance undertakings, as well as the market. Drawing on interrelations between the rules of the Directive and other fields that are relevant to the distribution of insurance products, it explores various topics related to the interpretation of the IDD - e.g. the harmonization achieved under it; its role as a benchmark for national legislators; and its interplay with other regulations and sciences - while also providing an empirical analysis of the standardised pre-contractual information document. Accordingly, the book offers a wealth of valuable insights for academics, regulators, practitioners and students who are interested in issues concerning insurance distribution.--
Book Synopsis Property & Casualty Insurance (Core with Georgia) by :
Download or read book Property & Casualty Insurance (Core with Georgia) written by and published by . This book was released on 2021-11 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Risk, Information and Insurance by : Henri Loubergé
Download or read book Risk, Information and Insurance written by Henri Loubergé and published by Springer Science & Business Media. This book was released on 1990-01-31 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Orio Giarini The "Geneva Association" (International Association for the Study of Risk and Insurance Economics) was founded in 1973. The main goal was to stimulate and organize objective research in the field of risk, uncertainty, and insurance, in a world in which such issues were clearly becoming of greater and greater relevance for all economic actors. This was a pioneer ing effort, especially as economic theory and the teaching of economics were still anchored to the key notion of general equilibrium under an assumption of certainty. Thus, we had to start our work almost from scratch. One of the first initiatives was to bring together in Geneva, in June of 1973, all the academics in Europe already involved in risk and insurance economics. We found eight from five different countries who never had met before. This seminar chaired by Raymond Barre, the first president of The Geneva Association, was the first of an annual series that became known as the seminar of "The European Group of Risk and Insurance Economists." Since then more than 100 economists from most European countries as well as participants from two other continents and in particular from the United States have taken part in this seminar.
Book Synopsis Insurance Intermediation by : Martina Eckardt
Download or read book Insurance Intermediation written by Martina Eckardt and published by Springer Science & Business Media. This book was released on 2007-07-24 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance intermediaries can help consumers to economize on information and transaction costs in insurance markets. This book analyzes conduct and performance in the market for insurance information services by applying search theoretical and industrial organization approaches. Based on a sample of 927 insurance intermediaries, coverage empirically studies the factors that affect the quality of the information services provided by them.
Book Synopsis Imperfect Insurance Markets by : Annette Hofmann
Download or read book Imperfect Insurance Markets written by Annette Hofmann and published by VVW GmbH. This book was released on 2009 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of this thesis is on consumer diversity. Incorporating consumer heterogeneity into economic analysis is well-established in industrial organization literature; this aspect is, however, often neglected in microeconomic insurance models. A first new approach lies in analyzing risk interdependencies. When risks are interdependent, an agent's decision to self-protect affects the loss probabilities faced by others. Due to these externalities, economic agents invest too little in prevention relative to the socially efficient level by ignoring marginal external costs or benefits conferred on others. We analyze an insurance market with externalities of loss prevention. It is shown in a model with heterogenous agents and imperfect information that a monopolistic insurer can achieve the social optimum by engaging in premium discrimination. An insurance monopoly reduces not only costs of risk selection, but may also play an important social role in loss prevention. This result can be empirically confirmed. We also deal with the impact of intermediation on insurance market transparency and performance. In a differentiated insurance market under imperfect information, uninformed consumers may become informed about product suitability by consulting an intermediary. We analyze current broker compensation systems: commissions and fees. While insurers' equilibrium profits are equivalent under both systems, social welfare under fees is first-best efficient. Both systems may offer the opportunity to increase profits via collusion. Under a commission system, collusion enables insurers to separate consumers into groups purchasing different contracts. Insurers may then extract additional rents from some consumers. This might explain why intermediaries tend to be compensated by insurers in practice. Finally, we study optimal monopoly pricing given imperfect information and heterogenous policyholders. Die in englischer Sprache verfasste Arbeit ist der mikroökonomischen Analyse von Versicherungsmärkten gewidmet. Zunächst werden einige wichtige theoretische Grundlagen der Versicherungsnachfragetheorie beschrieben. Eine zentrale Erweiterung des Basismodells stellen interdependente Risiken dar. Bestehen Risikointerdependenzen, so sind alle Maßnahmen, die die Schadenshäufigkeit reduzieren, mit positiven externen Effekten verbunden. Es wird gezeigt, dass im Gleichgewicht das realisierte Präventionsniveau unterhalb des optimalen Niveaus angesiedelt ist. Aufgrund der Externalitäten kommt es zu einem Marktversagen und nur ein Monopolversicherer kann eine differenzierte Prämienstruktur herbeiführen, die zum optimalen Präventionsniveau führt. Dieses Ergebnis kollidiert mit dem Ergebnis, dass wettbewerbliche Versicherungsmärkte zu einer höheren Gesamtwohlfahrt führen, es lässt sich jedoch empirisch stützen. Ein weiterer Schwerpunkt der Arbeit liegt auf unvollkommenen Versicherungsmärkten, wobei heterogene Versicherungsnachfrager mit unterschiedlichen Produktpräferenzen und Informationskosten unterstellt werden. In einem solchen Markt erhöhen Versicherungsvermittler die Markttransparenz und damit auch die Gewinne der Versicherer. Im Mittelpunkt steht die Analyse verschiedener Vergütungsformen der Vermittler. Ein Vergütungssystem auf Basis von Beratungshonoraren ist einem Provisionssystem aus wohlfahrtsökonomischer Perspektive vorzuziehen. Aus Sicht der Versicherer kehrt sich dieses Ergebnis allerdings um, sobald es zur Kollusion zwischen Versicherern und Vermittlern kommt. Der letzte Schwerpunkt liegt in der Analyse einer optimalen Preispolitik eines Versicherungsmonopolisten bei heterogenen Nachfragern, die sich durch ihre Risikopräferenzen und damit ihre individuelle Zahlungsbereitschaft für Versicherungen unterscheiden.
Book Synopsis The Economics, Regulation, and Systemic Risk of Insurance Markets by : Felix Hufeld
Download or read book The Economics, Regulation, and Systemic Risk of Insurance Markets written by Felix Hufeld and published by Oxford University Press. This book was released on 2017 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book 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.
Book Synopsis The Insurance and Reinsurance Law Review by : Peter Rogan
Download or read book The Insurance and Reinsurance Law Review written by Peter Rogan and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Catastrophe Risk Financing in Developing Countries by : J. David Cummins
Download or read book Catastrophe Risk Financing in Developing Countries written by J. David Cummins and published by World Bank Publications. This book was released on 2009 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Catastrophe Risk Financing in Developing Countries' provides a detailed analysis of the imperfections and inefficiencies that impede the emergence of competitive catastrophe risk markets in developing countries. The book demonstrates how donors and international financial institutions can assist governments in middle- and low-income countries in promoting effective and affordable catastrophe risk financing solutions. The authors present guiding principles on how and when governments, with assistance from donors and international financial institutions, should intervene in catastrophe insurance markets. They also identify key activities to be undertaken by donors and institutions that would allow middle- and low-income countries to develop competitive and cost-effective catastrophe risk financing strategies at both the macro (government) and micro (household) levels. These principles and activities are expected to inform good practices and ensure desirable results in catastrophe insurance projects. 'Catastrophe Risk Financing in Developing Countries' offers valuable advice and guidelines to policy makers and insurance practitioners involved in the development of catastrophe insurance programs in developing countries.
Book Synopsis Social Reinsurance by : David M. Dror
Download or read book Social Reinsurance written by David M. Dror and published by World Bank Publications. This book was released on 2002-01-01 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation This volume views community-based microinsurance as an incremental first step to improved financial protection and better access to health services for the poor. While community-based financing can be structured in various ways, this volume focuses on reinsurance as a mechanism for improving micro-level health insurance units. It outlines strategies and policies that can be applied by countries and donors to improve access to health care services.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1513574302 Total Pages :108 pages Book Rating :4.5/5 (135 download)
Book Synopsis Bosnia and Herzegovina by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Bosnia and Herzegovina written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2015-08-03 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note discusses key findings and recommendations of the assessment on the Insurance Sector for Bosnia and Herzegovina (BiH). It is observed that 10 insurance companies, accounting for 40 percent of the nonlife market, have low solvency margins and may require supervisory action in the near future. Motor Third Party Liability insurance remains under pressure as market participants are not always compliant with the statutory tariff. It is expected that the Insurance Agency of Bosnia and Herzegovina will enhance the harmonization of entity-level regulations within BiH as well as with the European Union insurance directives.
Book Synopsis INSURANCE INTERMEDIARIES by : JAGENDRA RANA
Download or read book INSURANCE INTERMEDIARIES written by JAGENDRA RANA and published by Blue Rose Publishers. This book was released on 2022-04-21 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance Intermediaries play a vital role in insurance distribution & services. Distribution channels are the extended arm of insurers. Physical sales forces and intermediaries are responsible for the majority of insurance distribution across geographies and lines of business. Insurance intermediaries serve as a bridge between consumers and insurance companies.
Book Synopsis Handbook of Insurance by : Georges Dionne
Download or read book Handbook of Insurance written by Georges Dionne and published by Springer Science & Business Media. This book was released on 2013-12-02 with total page 1133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.
Book Synopsis Policy Issues in Insurance Risk Awareness, Capital Markets and Catastrophic Risks by : OECD
Download or read book Policy Issues in Insurance Risk Awareness, Capital Markets and Catastrophic Risks written by OECD and published by OECD Publishing. This book was released on 2011-08-12 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes reports on initiatives to promote natural hazard awareness and disaster risk reduction education, the role of financial markets in financial mitigation of large-scale risks, mechanisms used to quantify catastrophe losses, and hazard risk mapping efforts in Southeast Asian countries.
Book Synopsis Insurance Economics by : Peter Zweifel
Download or read book Insurance Economics written by Peter Zweifel and published by Springer Science & Business Media. This book was released on 2012-02-24 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting theoretical foundations and empirical research, this text introduces the reader to the core issues and analytical tools of insurance economics, examining in detail a host of key factors including supply and demand, regulation and social insurance.
Book Synopsis The Financing of Catastrophe Risk by : Kenneth A. Froot
Download or read book The Financing of Catastrophe Risk written by Kenneth A. Froot and published by University of Chicago Press. This book was released on 2007-12-01 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Risks of Terrorism by : W. Kip Viscusi
Download or read book The Risks of Terrorism written by W. Kip Viscusi and published by Springer Science & Business Media. This book was released on 2003-12-31 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zeckhauser, amongst others. Book jacket.
