Ensuring long-term care (LTC) is one of the most urgent problems in health care today. Demographic trends are expected to lead to a higher proportion of old and very old people in the global population. As a result, an increased proportion of global income will be devoted to LTC services. With this in mind, Long-term Care: Economic Issues and Policy Solutions aims to address the following important objectives: * to provide a detailed analysis of the arrangements and institutions designed to protect the disabled and dependent elderly people in various countries, and to try to evaluate their respective merits. * to discuss the projections of future costs of protection for dependent elderly, and to assess the impact of improvements in disability-free life expectancy on the future cost of care and choices between informal and formal care. * to present empirical research on these decisions, with special consideration of primary caregivers, and on the substitution between in kind and cash benefits as well as between institutional (or formal) care and home (or informal) care.* to analyze different theoretical approaches in modeling decisions referring to LTC services to be provided both within and between generations. With its mix of empirical, theoretical and policy-related contributions, Long-term Care: Economic Issues and Policy Solutions will be of interest not only to health economists, but also to social scientists, health insurers, and public policy advocates.

Ensuring long-term care (LTC) is one of the most urgent problems in health care today. Demographic trends are expected to lead to a higher proportion of old and very old people in the global population. As a result, an increased proportion of global income will be devoted to LTC services. With this in mind, Long-term Care: Economic Issues and Policy Solutions aims to address the following important objectives: to provide a detailed analysis of the arrangements and institutions designed to protect the disabled and dependent elderly people in various countries, and to try to evaluate their respective merits. to discuss the projections of future costs of protection for dependent elderly, and to assess the impact of improvements in disability-free life expectancy on the future cost of care and choices between informal and formal care. to present empirical research on these decisions, with special consideration of primary caregivers, and on the substitution between in kind and cash benefits as well as between institutional (or formal) care and home (or informal) care. to analyze different theoretical approaches in modeling decisions referring to LTC services to be provided both within and between generations. With its mix of empirical, theoretical and policy-related contributions, Long-term Care: Economic Issues and Policy Solutions will be of interest not only to health economists, but also to social scientists, health insurers, and public policy advocates.

Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance among 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. Appropriate 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 arguments are not merely stated, but also related to empirical evidence. Throughout the book, conclusions summarize key results, helping readers to check their knowledge and comprehension. Issues discussed include paradoxes in decision making under risk and attempts at their resolution, moral hazard and adverse selection including the possibility of a "death spiral", and future challenges to both private and social insurance such as globalization and the availability of genetic information. This second edition has been extensively revised. Most importantly, substantial content has been added to represent the evolution of risk-related research. A new chapter, Insurance Demand II: Nontraditional Approaches, provides a timely addition in view of recent developments in risk theory and insurance. Previous discussions of Enterprise Risk Management, long-term care insurance, adverse selection, and moral hazard have all been updated. In an effort to expand the global reach of the text, evidence and research from the U.S. and China have also been added.

Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance among 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. Appropriate 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 arguments are not merely stated, but also related to empirical evidence. Throughout the book, conclusions summarize key results, helping readers to check their knowledge and comprehension. Issues discussed include paradoxes in decision making under risk and attempts at their resolution, moral hazard and adverse selection including the possibility of a "death spiral", and future challenges to both private and social insurance such as globalization and the availability of genetic information. This second edition has been extensively revised. Most importantly, substantial content has been added to represent the evolution of risk-related research. A new chapter, Insurance Demand II: Nontraditional Approaches, provides a timely addition in view of recent developments in risk theory and insurance. Previous discussions of Enterprise Risk Management, long-term care insurance, adverse selection, and moral hazard have all been updated. In an effort to expand the global reach of the text, evidence and research from the U.S. and China have also been added.

Das Buch macht den Leser mit den zentralen Fragestellungen und dem analytischen Werkzeug der Versicherungsokonomie vertraut. Es fuhrt Beitrage zur Nachfrage nach Versicherung, zum Angebot an Versicherung und der Versicherungsregulierung sowie zur Sozialversicherung in einer vereinheitlichten Darstellung zusammen, die bisher nur verstreut in Zeitschriften und Sammelbanden verfugbar waren. Es werden empirisch uberprufbare Voraussagen der Theorie abgleitet und den Ergebnissen internationaler empirischer Forschung gegenubergestellt. Ausformulierte Folgerungen fassen den Stoff zusammen und erleichtern die Kontrolle des Wissensstands."

Mit welchem Prognoseverfahren lassen sich entscheidungsrelevante Schadenkostendaten im Versicherungsunternehmen beschaffen?
Aus dem Blickwinkel der strategischen Steuerung des Versicherungsunternehmens analysieren die Autoren Nutzenwirkungen verschiedener Methoden zur Schadenprognose. Der Leser erhalt Handlungsempfehlungen fur die Auswahl des optimalen Prognoseverfahrens fur eine spezifische Situation."

Die staatliche Marktregulierung hat der deutschen Versicherungswirt schaft trotz aller politischen und wirtschaftlichen Umbruche fast ein Jahr hundert lang eine insgesamt stabile Marktordnung mit gunstigen Ent wicklungsbedingungen gesichert. Diese Ara neigt sich schnell ihrem Ende zu. Die Offnung der Versicherungsmarkte in der Europaischen Ge meinschaft nach dem Prinzip des Wettbewerbs der Aufsichtssysteme wird die deutschen Versicherungsunternehmen selbst dann intensiverem Wettbewerbsdruck aussetzen, wenn zunachst die wesentlichen Elemente des bestehenden Systems der materiellen Staataufsicht beibehalten werden sollten. Gleichzeitig wird die zunehmende Integration wesentli cher Teile der Versicherungswirtschaft in die Finanzdienstleistungsmark te neue Anforderungen an die Wettbewerbsfahigkeit der Versicherungs unternehmen stellen. Im Hinblick auf diesen Strukturwandel ist es zweifellos sinnvoll, wenn uber die Ziele und Instrumente der staatlichen Marktregulierung nachge dacht wird. Die nun schon mehrere Jahre andauernde Grundsatzdiskussi on uber die kunftige Marktordnung der Versicherungswirtschaft droht jedoch im Sande zu verlaufen. Nach zahlreichen Analysen und gutachter liehen Empfehlungen lassen sich bei den Argumenten fur eine substan tielle Deregulierung der Versicherungsmarkte ebenso wie bei den Gegen argumenten gewisse Abnutzungserscheinungen nicht mehr ubersehen. Dadurch werden die Grundlagen fur die notwendigen ordnungspoliti schen Entscheidungen nicht verbessert, wahrend mangels eindeutiger Signale und Anreize kostbare Zeit fur die Anpassung an die sich abzeich nenden Veranderungen der Marktstrukturen verstreicht. Fur diese unbefriedigende Situation gibt es vor allem zwei wichtige Grunde: - Die gerade fur die Versicherung bedeutsamen Grundannahmen uber die Funktionsbedingungen des Versicherungsprozesses sind bisher kaum diskutiert worden. Je nach Annahmen ergeben sich aber unter schiedliche Schi ussfolgerungen fur die Versicherungsmarktordnung."

Das im BetriebswirtschaftIichen Verlag Dr. Th. Gabler GmbH, Wiesbaden, herausgegebene VersicherungswirtschaftIiche Studienwerk ist zunachst unter dem Titel "Die Versiche rung" O. Auf/age), sodann als "Versicherungsenzyklopadie" (2. Auflage) erschienen und liegt nunmehr in der 3. Auf/age vor. Die hier vorIiegende, auf den neuesten Stand gebrachte Versicherungsenzyklopadie folgt aus technischen Griinden der Systematik des Versicherungswirtschaftlichen Studienwerks und behandelt die Allgemeine Versicherungslehre (Band 1), die Versicherungsbetriebs lehre (Band 2), die Rechtslehre des Versicherungswesens (Band 3) sowie die Besondere Versicherungslehre (Bande 4 und 5). Unter der Besonderen Versicherungslehre sind die einzelnen Versicherungszweige dargestellt. Auf diese Weise wird dem urn die Erarbeitung des Stoffes bemiihten Versicherungsnachwuchs sowie der Praxis ein umfassendes Werk zur Verfiigung gestellt, wie es nach Kenntnis der Beteiligten in den Versicherungslandern der Welt nach Umfang und Endringtiefe eine Sonderstellung einnimmt. Aachen/Miinchen, im J uli 1984 Prof. Dr. rer. pol. Heinz-Leo Miiller-Lutz Prof. Dr. jur. Dr.-Ing. E. h. Reimer Schmidt Benutzerhinweise Aufbau der Versicherungsenzyklopiidie Der Inhalt der Versicherungsenzyklopadie ist in vier Fachgebiete gegliedert: Allgemeine Versicherungslehre mit Grundzligen der Volks-und Betriebswirtschaftslehre (A VL) (Band 1) Versicherungsbetriebslehre (VBL) (Band 2) (Band 3) Rechtslehre des Versicherungswesens (RLV) Besondere Versicherungslehre (BVL) (Bande 4 und 5) 1m Anschlu an diese Hinweise vermittelt em Gesamtinhaltsverzeichnis eine Obersicht liber aile Beitrage des flinfbandigen Werkes."

"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.

Supranational cooperations and economic and currency unions are top issues on the agenda. Questions about explicit and implicit financial equalization between member countries, industrial and infrastructure policies gain importance.

Globalization and the expanding information technologies will force reforms both in the EU and in the South American Mercosur. The discussion is organized under four headings: Financial Crises, inevitably connected to the advantages of global and liberalized financial markets. Consequences of Cooperation and Integration on the <<old>> industries with respect to economic fluctuations and intra-industry trade. Fundamental changes in Information Technologies affect the international capital mobility, the cost advantages of alternative locations, as well as academic teaching and learning. Consequences for Labor Markets of the structural transformation of <<knowledge societies>>.