Innovative life insurance products such as unit-linked life insurance, hybrid life insurance, and variable annuities are rapidly gaining popularity and becoming a major part of new business in Germany. However, since traditional life insurance products still dominate the portfolios of life insurance companies, discussions about the standard formula for determining the solvency capital requireme...

This paper evaluates a randomized field experiment that eased the enrollment process into a new public health insurance product among 817 informal sector workers in Managua, Nicaragua. The study randomly selected a subset of workers and offered to let them enroll at their place of business. In addition, the study also randomly varied the health insurance premium through a subsidy, allowing us t...

This paper describes a way how to find the minimal seller’s price for a unit-linked insurance product in order to make the claim acceptable, under the assumption that information about the insurance process is only available at the time of maturity. For the general case, the price calculated here provides still an upper bound. Acceptability is defined through the CVaR criterion. Furthermore, th...

Insurers face growing difficulties with insuring food-related risks among others due to an increasing number of product recalls and an increasing amount of claims being pushed back into the chain. This paper focuses on the risk of product recall in dairy supply chains. The paper aims at providing insurers with useful tools for insurance design and claim handling. More specifically, the objectiv...

I study duopolistic market for differentiated medical products. Medical providers decide whether to sell on the spot market to sick consumers or to sell through competitive insurance market to healthy consumers. While shopping for insurance consumers know only the distribution of possible medical needs they may have if they get sick. Only when getting sick their actual medical need reveals and ...

We estimate the general-equilibrium labor market effects of a large-scale randomized intervention in which we designed and marketed a rainfall index insurance product across three states in India. Marketing agricultural insurance to both cultivators and to agricultural wage laborers allows us to test a general-equilibrium model of wage determination in settings where households supplying labor ...

We propose a hybrid classical-quantum approach for modeling transition probabilities in health and disability insurance. The of logistic inception is formulated as support vector regression problem. Using quantum feature map, the data are mapped to states belonging space, where associated kernel determined by inner product between states. This can be efficiently estimated on computer. conduct e...