Recent Research Developments Affecting Nonlife Insurance-The CAS Risk Premium Project 2012 Update

Recent Research Developments Affecting Nonlife Insurance-The CAS Risk Premium Project 2012 Update

This article reports the main results of the 2012 Risk Premium Project update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property–casualty insurance. Pricing and modeling insurance risks and methodological advancement in risk valuation were...

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Veröffentlicht in:Risk management and insurance review 2013-09, Vol.16 (2), p.219-231
Hauptverfasser: Biener, Christian, Eling, Martin
Format: Artikel
Sprache:eng
Schlagworte:
Actuarial science
Disaster insurance
Identification
Insurance policies
International finance
Liability insurance
Literature reviews
Property & casualty insurance
Reinsurance
Risk assessment
Risk exposure
Risk premiums
Studies
Valuation
Variables
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Zusammenfassung:This article reports the main results of the 2012 Risk Premium Project update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property–casualty insurance. Pricing and modeling insurance risks and methodological advancement in risk valuation were popular fields of research in 2012. Of special note is new work on behavioral pricing and liquidity. Additionally, underwriting cycles attracted some controversy, and emerging risks, such as systemic risk and potential interrelations between insurance and other financial markets, were also areas of intense discussion.
ISSN:1098-1616
1540-6296
DOI:10.1111/rmir.12015