|
|
|||
|
||||
OverviewAn 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 imperfect competition on all insurer decisions. The book covers all facets of the modern insurance sector, guiding readers through its complexities with empirical facts, institutional details, and quantitative modelling. An up-to-date textbook for graduate students in economics, finance, and insurance Covers a broad range of topics, including insurance pricing, contract design, reinsurance, portfolio choice, and risk management Provides promising new directions for future research Can be taught in courses on asset pricing, corporate finance, industrial organisation, and public economics An invaluable resource for policymakers seeking an empirical and institutional account of today's insurance sector Full Product DetailsAuthor: Ralph S.J. Koijen , Motohiro YogoPublisher: Princeton University Press Imprint: Princeton University Press ISBN: 9780691193267ISBN 10: 0691193266 Pages: 208 Publication Date: 04 April 2023 Audience: General/trade , General Format: Hardback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsAuthor InformationRalph S. J. Koijen is the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Motohiro Yogo is a Professor of Economics and the Hugh Leander and Mary Trumbull Adams Professor for the Study of Investment and Financial Markets at Princeton University. Tab Content 6Author Website:Countries AvailableAll regions |