Financial Economics of Insurance - Hardcover

Koijen, Ralph S. J.; Yogo, Motohiro

Hardcover

ISBN 10: 0691193266 ISBN 13: 9780691193267

Verlag: Princeton University Press, 2023

Inhaltsangabe

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 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 modeling.

• 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 organization, and public economics
• An invaluable resource for policymakers seeking an empirical and institutional account of today’s insurance sector

Über diesen Titel

Über die Autorin bzw. den Autor

Ralph 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.

Details zur Ausgabe

• Verlag: Princeton University Press
• Erscheinungsdatum: 2023
• Sprache: Englisch
• ISBN 10: 0691193266
• ISBN 13: 9780691193267
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 184
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar