Koijen, Ralph S. J. creator Yogo, Motohiro text bibliography nju 2023 monographic eng

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xix, 208 pages : illustrations, charts ; 24 cm "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"-- Includes bibliographical references and index. Insurance Assurance Insurance 332.109 KOI 0691193266 9780691193267 2022920898 221107 20250327150430.0 22856223