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Farmers throughout the developing world face multiple sources of uninsured risk to agricultural production and household assets. In this paper, we present results from an experimental demand-elicitation exercise in rural Bangladesh to shed light on smallholder farmers� interest in formal insurance products. We propose a suite of insurance and savings products, and we randomly vary the pric…
- Tahun Terbit
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Why should developing countries buy expensive catastrophe (CAT) insurance? Abstracting from risk aversion or hedging motives, we find that insurance may have a catalytic role on external finance. Such effect is particularly strong in those low- to middle-income countries that face financial constraints when hit by a shock or in its anticipation. Insurance makes defaults less likely, thereby rel…
- Tahun Terbit
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A comprehensive guide to investment guarantees in equity-linked life insurance. Due to the convergence of financial and insurance markets, new forms of investment guarantees are emerging which require financial service professionals to become savvier in modeling and risk management. With chapters that discuss stock return models, dynamic hedging, risk measures, Markov Chain Monte Carlo estimati…
- Tahun Terbit
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Historically, financial and insurance risks were separate subjects most often analyzed using qualitative methods. The development of quantitative methods based on stochastic analysis is an important achievement of modern financial mathematics, one that can naturally be extended and applied in actuarial mathematics. Risk Analysis in Finance and Insurance offers the first comprehensive and access…
- Tahun Terbit
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