The Geneva Risk and Insurance Review最新文献_第2页

Literacy and the quality of index insurance decisions. 识字与指数保险决策的质量。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2022-01-01 Epub Date: 2021-02-23 DOI: 10.1057/s10713-020-00060-1

Glenn Harrison, Karlijn Morsink, Mark Schneider

{"title":"Literacy and the quality of index insurance decisions.","authors":"Glenn Harrison, Karlijn Morsink, Mark Schneider","doi":"10.1057/s10713-020-00060-1","DOIUrl":"https://doi.org/10.1057/s10713-020-00060-1","url":null,"abstract":"There is widespread concern in developing countries with the expansion of formal insurance products to help manage significant risks. These concerns arise primarily from a lack of understanding of insurance products, general failures of financial literacy and the need to use relatively exotic products in order to keep costs down for poor households. We investigate the importance of incentivized measures for general understanding, as well as domain-specific knowledge of the decision context on the purchase and the quality of index insurance decisions. We evaluate the quality of financial decisions by comparing the individual expected welfare outcomes of a number of decisions each individual makes to purchase index insurance or not. We find that excess purchase is an important driver of welfare losses, and that our incentivized measure of domain-specific literacy plays a critical role in bringing about better quality index insurance decisions.Supplementary information: The online version contains supplementary material available at 10.1057/s10713-020-00060-1.","PeriodicalId":507077,"journal":{"name":"The Geneva Risk and Insurance Review","volume":"47 1","pages":"66-97"},"PeriodicalIF":1.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7901166/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"25414300","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Subjective and objective risk perceptions and the willingness to pay for agricultural insurance: evidence from an in-the-field choice experiment in rural China. 主客观风险认知与农业保险支付意愿:来自中国农村实地选择实验的证据。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2022-01-01 Epub Date: 2021-10-19 DOI: 10.1057/s10713-021-00071-6

Hong Fu, Yuehua Zhang, Yinuo An, Li Zhou, Yanling Peng, Rong Kong, Calum G Turvey

引用次数: 6

Special issue "Risk Considerations and Insurance in Developing Countries" of the Geneva Risk and Insurance Review. 《日内瓦风险与保险评论》特刊“发展中国家的风险考虑和保险”。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2022-01-01 Epub Date: 2022-01-12 DOI: 10.1057/s10713-021-00073-4

Mark Browne, Alejandro Del Valle Suarez, Emmanuel Jimenez, Calum G Turvey

引用次数: 0

The prevention puzzle. 预防难题。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2022-01-01 Epub Date: 2022-07-18 DOI: 10.1057/s10713-022-00079-6

Han Bleichrodt

引用次数: 0

The evolution from life insurance to financial engineering. 从人寿保险到金融工程的演变。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2021-01-01 Epub Date: 2021-08-20 DOI: 10.1057/s10713-021-00068-1

Ralph S J Koijen, Motohiro Yogo

引用次数: 6

The insurance role of the firm 公司的保险作用

The Geneva Risk and Insurance Review Pub Date : 2020-01-04 DOI: 10.1057/s10713-019-00045-9

L. Guiso, Luigi Pistaferri

引用次数: 3

Public and private incentives for self-protection. 公共和私人鼓励自我保护。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2020-01-01 Epub Date: 2020-07-21 DOI: 10.1057/s10713-020-00050-3

François Salanié, Nicolas Treich

引用次数: 9

Stay-at-home orders and second waves: a graphical exposition. 居家命令和第二波浪潮:一个图形化的阐述。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2020-01-01 Epub Date: 2020-09-10 DOI: 10.1057/s10713-020-00056-x

Kent A Smetters

引用次数: 5

Covid-19: implications for insurer risk management and the insurability of pandemic risk. Covid-19:对保险公司风险管理和大流行风险可保性的影响。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2020-01-01 Epub Date: 2020-09-22 DOI: 10.1057/s10713-020-00054-z

Andreas Richter, Thomas C Wilson

{"title":"Covid-19: implications for insurer risk management and the insurability of pandemic risk.","authors":"Andreas Richter, Thomas C Wilson","doi":"10.1057/s10713-020-00054-z","DOIUrl":"https://doi.org/10.1057/s10713-020-00054-z","url":null,"abstract":"This paper analyzes the insurability of pandemic risk and outlines how underwriting policies and scenario analysis are used to build resilience upfront and plan contingency actions for crisis scenarios. It then summarizes the unique \"lessons learned\" from the Covid-19 crisis by baselining actual developments against a reasonable, pre-Covid-19 pandemic scenario based on the 2002 SARS epidemic and 1918 Spanish influenza pandemic. Actual developments support the pre-Covid-19 hypothesis that financial market developments dominate claims losses due to the demographics of pandemics and other factors. However, Covid-19 \"surprised\" relative to the pre-Covid-19 scenario in terms of its impact on the real economy as well as on the property and casualty segment as business interruption property triggers and exclusions are challenged, something that may adversely impact the insurability of pandemics as well as the perception of the industry for some time to come. The unique lessons of Covid-19 reinforce the need for resilience upfront in solvency and liquidity, the need to improve business interruption wordings and re-underwrite the book, and the recognition that business interruption caused by pandemics may not be an insurable risk due to its large accumulation potential and the threat of external moral hazard. These insurability limitations lead to a discussion about the structure and financing of protection against the impact of future pandemics.","PeriodicalId":507077,"journal":{"name":"The Geneva Risk and Insurance Review","volume":"45 2","pages":"171-199"},"PeriodicalIF":1.5,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1057/s10713-020-00054-z","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"38424518","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 51

Willingness to pay for morbidity and mortality risk reductions during an epidemic. Theory and preliminary evidence from COVID-19. 愿意支付流行病期间降低发病率和死亡率风险的费用。COVID-19的理论和初步证据。

IF 1.5

The Geneva Risk and Insurance Review Pub Date : 2020-01-01 Epub Date: 2020-08-13 DOI: 10.1057/s10713-020-00053-0

Luciana Echazu, Diego C Nocetti

{"title":"Willingness to pay for morbidity and mortality risk reductions during an epidemic. Theory and preliminary evidence from COVID-19.","authors":"Luciana Echazu, Diego C Nocetti","doi":"10.1057/s10713-020-00053-0","DOIUrl":"https://doi.org/10.1057/s10713-020-00053-0","url":null,"abstract":"The COVID-19 pandemic and the strong social distancing measures adopted by governments around the world provide an ideal scenario to evaluate the trade-off between lives saved and morbidity avoided on the one hand and reduced economic resources on the other. We adapt the standard model of willingness to pay (WTP) for mortality/morbidity risk reductions by incorporating a number of aspects that are highly relevant during an epidemic; namely, health-care capacity constraints, dynamic aspects of prevention (i.e., interventions aimed at flattening the epidemic curve), and distributional issues due to high heterogeneity in the underlying risks. The calibration of the model generates a WTP of the order of 24% of GDP. We conclude that the benefits in terms of lives saved and morbidity avoided can well justify the enormous economic costs generated by social distancing interventions. There is, however, significant that heterogeneity in WTP estimates depending on the degree of vulnerability to infection risk (e.g., by age), implying a large redistribution of income and well-being.","PeriodicalId":507077,"journal":{"name":"The Geneva Risk and Insurance Review","volume":"45 2","pages":"114-133"},"PeriodicalIF":1.5,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1057/s10713-020-00053-0","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"38302548","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9