{"product_id":"financial-economics-of-insurance-9780691193267","title":"Financial Economics of Insurance","description":"\u003cp\u003e\u003cb\u003eAn \u003c\/b\u003e\u003cb\u003eauthoritative and comprehensive graduate textbook on the modern insurance sector\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThe 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.\u003ci\u003e Financial Economics of Insurance\u003c\/i\u003e 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.\u003cbr\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eAn up-to-date textbook for graduate students in economics, finance, and insurance\u003c\/li\u003e\n\u003cli\u003eCovers a broad range of topics, including insurance pricing, contract design, reinsurance, portfolio choice, and risk management\u003c\/li\u003e\n\u003cli\u003eProvides promising new directions for future research\u003c\/li\u003e\n\u003cli\u003eCan be taught in courses on asset pricing, corporate finance, industrial organization, and public economics\u003c\/li\u003e\n\u003cli\u003eAn invaluable resource for policymakers seeking an empirical and institutional account of today’s insurance sector\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Ralph S.J. Koijen","offers":[{"title":"Default Title","offer_id":42959920889974,"sku":"9780691193267","price":75.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0671\/1374\/6550\/files\/CoreSourceHub_98f42d3d-4a2a-42d3-ad20-6d5d5b8443ce.jpg?v=1780176588","url":"https:\/\/ingramacademic.com\/products\/financial-economics-of-insurance-9780691193267","provider":"Ingram Academic \u0026 Professional","version":"1.0","type":"link"}