Recent Research Developments Affecting Non-life Insurance— the Cas Risk Premium Project 2012 Update
نویسندگان
چکیده
This paper reports the main results of the 2012 Risk Premium Project (RPP) update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property-casualty insurance. Pricing and modeling insurance risks and methodological advancement in risk valuation were popular fields of research in 2012. Of special note is new work on behavioral pricing and liquidity. Additionally, underwriting cycles attracted some controversy, and emerging risks, such as systemic risk and potential interrelations between insurance and other financial markets were also areas of intense discussion.
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