Insurance and finance: Competition and/or convergence

Research output: Contribution to journalArticle

Abstract

This paper discusses facets of the insurance-finance convergence and their competition. Differences and similarities are emphasized and examples are used to highlight their approaches to pricing. We emphasize situations that are particular to the insurance world, such as non normal risks, catastrophic risks, contagions, and other situations where risks are not easily defined. Some questions relating to the efficiency of portfolio securitization are also raised in light of the latent and macroeconomic risks that have pervaded insurance and financial insurance portfolios during the financial crisis.

Original languageEnglish (US)
Pages (from-to)19-35
Number of pages17
JournalRisk and Decision Analysis
Volume3
Issue number1-2
DOIs
StatePublished - Jan 18 2012

Keywords

  • Insurance
  • convergence
  • credit derivatives
  • pricing

ASJC Scopus subject areas

  • Statistics and Probability
  • Finance
  • Economics and Econometrics
  • Statistics, Probability and Uncertainty

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