Financial Economics of Insurance

"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"--

Info autore

Ralph S. J. Koijen is the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Motohiro Yogo is a Professor of Economics and the Hugh Leander and Mary Trumbull Adams Professor for the Study of Investment and Financial Markets at Princeton University.

Dettagli sul prodotto

• Autori: Ralph S.J. Koijen, Ralph S.j. Yogo Koijen, Motohiro Yogo
• Editore: Princeton University Press
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 04.04.2023
• EAN: 9780691193267
• ISBN: 978-0-691-19326-7
• Pagine: 208
• Categorie: Scienze sociali, diritto, economia > Economia > Singoli rami economici, branche; Finance, BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Insurance / General, macroeconomics, Economic theory & philosophy, Organizational theory & behaviour, Insurance & actuarial studies, Organizational theory and behaviour, Insurance and actuarial studies, Economic theory and philosophy, Finance and the finance industry