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An authoritative and comprehensive graduate textbook on the modern insurance sector 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 imperfec...
While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appears blurred and may produce uncertain results. The contributors to this volume have provided brief notes describing specific experimental results.
The future of the insurance regulation begins now For those involved with the insurance industry, from investmentprofessionals to policy makers, and regulators to legislators,tremendous change is coming. With insurance premiums constitutingan ever-growing portion of annual U.S. GDP and provisions of theDodd-Frank Act specifically calling for modernization of insuranceregulations, the issues at hand are pervasive. In ModernizingInsurance Regulation, these issues are described against abackdrop of the political and industry discussions that surroundinsurance, regulation, and systemic risk. Experts Viral V. Acharyaand Matthew Richardson discuss a variety of issues with topthinkers in the fields...
Edvil—Ed—a minion of Hell, is Lucifer's best soul-taker. Stationed in New York, he's very good at what he does. However, all his plans go by the wayside when Hell's accountants tell the overlord that they’re two souls over. There’s a balance, and that balance between souls up and souls below must be preserved at all costs. If the balance doesn't hold by the end of each year, then the world will be destroyed, and the rulers of Heaven and Hell will have to start the whole process of evolution all over again. Ed is given the task of helping two souls go topside. His assistant is Millie, a Halo—angel—and together, they have an almost impossible task. Furthermore, Ed's chief rival, Markus, decides to sabotage Ed's efforts for reasons of his own. Undeterred, Ed and Millie press on with their mission, and along the way they find out that they're much more into each other than they want to admit. After numerous setbacks, Ed discovers Markus' ultimate plan and has to do everything in his power to stop the final apocalypse from happening.
Basierend auf Analyse und Vergleich relevanter konzeptioneller Beiträge entwickelt Norbert Klingebiel ein Rahmenkonzept für ein ebenenspezifisches System zum Performance Measurement.