Insuring Eggs in Baskets: Should the Government Insure Individual Risks?

Insuring Liability Risks

(Over)insuring Modest Risks

Despite the large literature on anomalies in risky choice, very little research has explored the relevance of these insights in real insurance markets. This paper uses new data on consumers’ choices of deductibles for home insurance to provide evidence that a surprising level of risk aversion over modest stakes is a reality in the market. Most customers purchase low deductibles despite costs si...

Insuring risks when pure premium is infinite ?

Insurability is a major issue for risk managers in the insurance industry. Zajdenweber (1996) mentioned that business interruption is hardly insurable, using extreme value results: the right tail of the distribution should be modeled using some Pareto distribution with parameter 1, which has none finite moment. Since the expected value in tails is infinite, on a theoretical point of view, it be...

securitization of mortality risks in life annuities

insurers have in the past few decades faced longevity risks - the risk that annuitants survive more than expected - and therefore need a new approach to manage this new risk. in this dissertation we survey methods that hedge longevity risks. these methods use securitization to manage risk, so using modern financial and insurance pricing models, especially wang transform and actuarial concepts, ...

The Baskets Queue

FIFO Queues have over the years been the subject of significant research. Such queues are used as buffers both in a variety of applications, and in recent years as a key tool in buffering data in high speed communication networks. Overall, the most popular dynamic-memory lock-free FIFO queue algorithm in the literature remains the MS-queue algorithm of Michael and Scott. Unfortunately, this alg...