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Insurance Economics (Hardcover, 2012)
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Insurance Economics (Hardcover, 2012)
Series: Springer Texts in Business and Economics
Expected to ship within 12 - 17 working days
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"Winner of the 2014 Kulp-Wright Book Award Presented by the
American Risk and Insurance Association". More information can be
found here: http://www.aria.org/awards/bookawards.htm Insurance
Economics brings together the economic analysis of decision making
under risk, risk management and demand for insurance by individuals
and corporations, objectives pursued and management tools used by
insurance companies, the regulation of insurance, and the division
of labor between private and social insurance. Appropriete both for
advanced undergraduate and graduate students of economics,
management, and finance, this text provides the background required
to understand current research. Predictions derived from
theoretical argument are not only stated but confronted with
empirical evidence. Throughout the book, conclusions summarize
results, helping readers to check their knowledge and
understanding. Issues discussed include paradoxa in decision making
under risk, selection of favorable risks by insurers, the
possibility of a "death spiral" in insurance markets, and future
challenges such as re-regulation in the wake of the 2007-09
financial crisis and the increasing availability of generic
information.
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