Previous research on health and life insurers' financial investments has highlighted the tension between profit maximization and the public good. We ascertained health and life insurance firms' holdings in the fast food industry, an industry that is increasingly understood to negatively impact public health. Insurers own $1.88 billion of stock in the 5 leading fast food companies. We argue that...

This paper studies the economic implications of ambiguous correlation in a non-zero-sum game between two insurers. We establish the general framework of Nash equilibrium for the coupled optimization problems. For the constant absolute risk aversion (CARA) insurers, we show that the equilibrium reinsurance strategies admit closed-form solutions. Our results indicate that the ambiguous correlatio...

Introduction. In the conditions of strengthening insurance role in a modern society there is growing necessity realization balanced state policy field tax regulation market for maintenance and stimulation its development. One main tasks to form optimal level burden on Ukrainian insurers that will help achieve balance interests all participants relations. The purpose article analyze volume struc...

Purchasing reinsurance reduces insurers’ insolvency risk by stabilising loss experience, increasing capacity, limiting liability on specific risks and/or protecting against catastrophes. Consequently, purchasing should reduce capital costs. However, transferring to reinsurers is expensive. The cost of for an insurer can be much larger than the actuarial price transferred. In this article, we an...

This paper addresses the interesting question whether people’s trust in health insurers affects their willingness to accept restrictions on the provider network contracted by health insurers. This topic is particularly relevant for countries in which consumers can chose among different health insurers that are allowed to selectively contract with health care providers. The analysis is sound and...

the main challenge for any insurer/reinsurer has proved to be underwriting major refinery/petrochemical risk. insurers have already considered process risk management measures while accepting and evaluating the risks all over the world. erstwhile petrochemical tariff was adopting experiencing methodology as basis for premium calculation in iran. in the present de-tariff scenario decisions will ...

The main trust of this paper is to explore the inter-company variations in persistency experience for a sample of 99 U.K. life insurers, using data collected and published by the U.K. financial services regulator. Our first objective is to ascertain whether the undoubted differences in persistency among U.K. long-term insurers are random in nature (as opposed to having some systematic features)...

The results can be tragic. Patients with addictions are unlikely to wait the hours or days it takes health insurers to approve the medications they need. Insurers are changing their practices, but not without some outside pressure.