Reforming Public Pensions - Peter A. Diamond

AXA Equitable - Variable Product Guaranteed Benefits & Hedging Considerations - Stan Tulin

Fighting Insurance Fraud: Regulator's Initiatives in Korea - Hunsoo Kim

IAIS Discussion on Solvency - Yoshihiro Kawai

Thailand's Financial Regulation Related to Capital Adequacy - Potjanee Thanavaranit

Insurance Regulation and Supervision in Peru: A RBS Framework for the SBS - Ruben Mendiolaza

A Global Framework for Solvency Assessment - Terri M. Vaughan

Bounding Risk Measures for Portfolios with Known Marginal Risks - Paul Embrechts, Giovanni Puccetti

The Economics of Insurance Intermediaries - Should Contingent Commissions Be Illegal? - J. David Cummins

Comparative Prudence and Comparative Temperance - Minh Phuong Bui

A Good Sign for Multivariate Risk Taking - Louis Eeckhoudt, Béatrice Rey , Harris Schlesinger

Optimal Expectations with Complete Markets - Christian Gollier

Foreign-Owned Insurers’ Performance in the U.S. Property and Liability Markets - B. Paul Choi

Is Independent Agency Distribution System More Revenue Efficient? A Data Envelopment Analysis - J. David Cummins , Xiaoying Xie

Costly Risk Verification without Commitment in Competitive Insurance Markets - Pierre Picard

The Effect of an Increase in the Probability of Loss when Risk is Endogenous - Henri Loubergé , Richard Watt

An Empirical Investigation of the Pricing of Financially Intermediated Risks with Costly External Finance - J. David Cummins, Yijia Lin, Richard D. Phillips

Concentration in the U.S. Property-Liability Insurance Industry - James Barrese, Martin Grace , Nicos Scordis

An Empirical Study on the Solvency of China’s Insurance Companies Basing on the Financial Situation of Companies - Liu Xiaojun , Chen Dan

Choice of Exit Forms and Firm Characteristics: Evidence from the U.S.Property-Liability Insurance Market - Hunsoo Kim, W. Jean Kwon , Soon-Jae Lee

The Impact of Illiquidity on the Asset Management of Insurance Companies - Thomas Berry-Stölzle

The Focus of Life: Risk Protection or Investment – Evidence from the Empirical Study on the Demand of Life Insurance in China, an Emerging Market - Zheng Yu

The Impact of Surplus Distribution on the Risk Exposure of with Profit Life Insurance Policies Including Interest Rate Guarantees - Alexander Kling, Andreas Richter , Jochen Russ

Helping Workers Delay Retirement: Is it Worth it? - Marie-Eve Lachance

Optimal Consumption and Investment with an Uncertain Lifetime in a Model with Two Assets - Miguel Sanchez Romero

Skewness Preference, Risk Taking and Expected Utility Maximization - W. Henry Chiu

Hedging Labor Income and Inflation Uncertainties through Capital Market in Defined Contribution Pension Schemes - Shih-Chieh Chang, Chenghsien Tsai , Ya-Wen Hwang

Evolving Risk Aversion and the Evidence on Constant Relative Risk Aversion - Emilio Venezian

Efficiency Equals Full Insurance Coverage? A Study of the Interaction of Insurance and Financial Markets - Jose Penalva

Prevention in Insurance Markets - Marie-Cécile Fagart , Bidénam Kambia-Chopin

Selection Bias and Auditing Policies on Insurance Claims - Jean Pinquet, Mercedes Ayuso , Montserrat Guillén

Biological and Psycho-Behavioral Correlates of Risk Taking, Credit Scores, and Automobile Insurance Losses: Toward an Explication of Why Credit Scoring Works - Patrick L. Brockett, Linda L. Golden , Sandra H. Dunn

A Statistical Analysis of the Settlement Negotiation Process for Automobile Bodily Injury Liability Claims in the Presence of Suspicion of Fraud and Build-up - Richard A. Derrig , Grzegorz A. Rempala

Advantageous Selection versus Adverse Selection in Life Insurance Market: The Case of Japan - Ghadir Mahdavi

Financial Instability and Life Insurance Demand - Mahito Okura , Norihiro Kasuga

Spousal Characteristics and its Effect on Life Insurance Ownership between Spouses in Singapore - Wah Chin Yee, Yuan Wu , Patrick Cheng Ping Chan

Optimal Portfolio Management for Individual Pension Plans - Christian Gollier

Individual Account Investment Options and Portfolio Choice: Behavioral Lessons from 401 (k) Plans - Jeffrey R. Brown , Scott Weisbenner

Risk Management in Procurement Auctions - Andreas R. Engel , Achim Wambach

Environmental Risks and Financial Guarantees: Improving Prevention in the Mining Industry - Sandrine Spaeter , Panagiotis Tsakiris

A Test of the Eclectic Paradigm: Evidence from the U.S. Reinsurance Market - Cassandra R. Cole, Ryan B. Lee , Kathleen A. McCullough

Are there Co-movements in the Default Risk of Reinsurance Companies? - Oliver Burkart

The Demand for Reinsurance in the German and the European Market: First Empirical Results - Ruediger Reissaus , Achim Wambach

Is Mortality Dead? Stochastic Forward Force of Mortality Determined by no Arbitrage - Kristian R. Miltersen , Svein-Arne Persson

Risk Diversifications in Reserve Valuation: The Case of the Korean Life Insurance Industry - Changsoo Lee , Kwangbong Lee

The Distributions of Policy Reserves Considering the Policy-year Structures of Surrender Rates and Expense Ratios - Chenghsien Tsai, Weiyu Kuo , Derek Mi-Hsiu Chiang

Are Insurance Firms Exposed to Foreign Exchange Rate Fluctuations? Evidence from Insurers in the Asia-Pacific - J. Thomas Connelly, Piman Limpaphayom , Thanomsak Suwannoi

Derivatives Usage by Taiwanese Financial Firms - Yung-Ming Shiu , Yi-Cheng Shin

Technical and Scale Efficiency in the Thai Non-Life Insurance Industry - David L. Eckles , Narumon Saardchom

Comparison of Economic Efficiency Estimation Methods – An Application to Taiwan’s Life Insurance Industry - James C. Hao

Internal Capital Market Efficiency within Financial Conglomerates: Evidence from Property-Liability Insurance Groups - David Eckles, Lawrence S. Powell , David W. Sommer

Prudence and Optimal Prevention for Health Risks - Christophe Courbage , Béatrice Rey

The Transfer Problem in Copayment Insurance - John M. Marshall

Optimal Insurance Contracts without the Non-Negativity Constraint on Indemnities Revisited - Michael Breuer

Competitive Insurance Markets - Peter S. Faynzilberg

Distribution of Price and Quality under Information Asymmetry - Richard D. MacMinn , S. Hun Seog

Price Indicia in the Individual Annuity Market - James M. Carson , Randy E. Dumm

Corporate Pension System in Korea: Limits and Prospects - Wonshik Kim

The Determinants of Country Risk Ratings and their Policy Implications - Madhu Vij , Gunjan M. Sanjeev

Does a Little Competition Improve Ratings? The Industrial Organization of Insurance Ratings - Neil A. Doherty , Richard D. Phillips

Absolute or Relative? Which Standard Do Credit Rating Agencies Follow? - Puneet Prakash

Mortality Securitization Modeling - Yijia Lin , Samuel H. Cox

Mortality Improvement Select Birth Cohorts and their Effect on Pricing of Survival Bonds - Richard MacMinn , Krzysztof Ostaszewski, Ranee Thiagarajah, Jan Frederik Weber

Application of the Poisson Log-Bilinear Projection Model to the G5 Mortality Experience - Antoine Delwarde, Michel Denuit, Montserrat Guillen, Antoni Vidiella

Effect of Corporate Diversification: Evidence from the Property-Liability Insurance Industry - Andre P. Liebenberg , David W. Sommer

Players and Driving Forces in World Insurance Services: Locations and Governance - J. François Outreville

Insurer Risk-Taking Strategies in Industry Equilibrium - Yayuan Ren

Tort Reform in the Long Run: An Analysis of the Lasting Effects of Reform Activity on Medical Malpractice Insurance Performance - Patricia Born, W. Kip Viscusi , Tom Baker

Effects of Cost-Sharing in Employer-Sponsored Health Insurance on Employees’ Use of Health Care and Health - Yu Lei

Age and Choice in Health Insurance: Evidence from Switzerland - Karolin Becker , Peter Zweifel

Costly State Verification by a Claimant - Wondon Lee

On the Possibility of Profitable Self-Selection Contracts in Competitive Insurance Markets - Arthur Snow

Moral Hazard and Background Risk in Competitive Insurance Markets - James A. Ligon , Paul D. Thistle

To Hedge or not to Hedge: Managing Demographic Risk in Life Insurance Companies - Helmut Gründl, Thomas Post , Roman Schulze

A Cross-Cultural Comparison of the Ethical Environments of the U.S. and South Korean Life Insurance Markets - Robert W. Cooper, Bong-Joo Lee, Kyung-Lyong Lee, Han-Duck Lee

A Lifetime Housing Asset Plan Using Mortgage and Reverse Mortgage Finance - Seungryul Ma , Deokho Cho

Pension Reforms and Capital Market Developments in India - R. Vaidyanathan

The Crowding-Out Effect of the Public Pension on the Private Savings by Income Classes in the Korea - Sung-ho Kang , Byung-In Lim

The Inefficiency of a Top-Up Insurance System - Catarina Goulao

Social Security – Adequacy versus Sustainability: A Framework for Considering the Viability of New and Existing Public Pension Systems - David Richardson , Jason Seligman

Short- versus Long-Term Risks – Arguments in Favour of PAYG Social Security - Roland Eisen

Insurer Reserve Error and Executive Compensation - David L. Eckles , Martin Halek

Managerial Discretion and the Impact of Risk-Based Capital Requirements on Property-Liability Insurer Reserving Practices - Robert E. Hoyt , Kathleen A. McCullough

CEO Turnover and Ownership Structure: Evidence from the U.S. Property/Casualty Insurance Industry - Enya He , David W. Sommer

The Value of Risk Management: A Frontier Analysis - Marcel Boyer, M. Martin Boyer , René Garcia

Business Scandals and Risk Management from a Business Ethics Perspective - Mariko Nakabayashi

The Market Value Impact of Operational Risk Events for U.S. Banks and Insurers - J. David Cummins, Christopher M. Lewis , Ran Wei

Household Portfolio Diversification and the Demand for Health and Property Insurance in Italy - Dario Focarelli , Carlo Savino

Tweaking the Corporate Health Insurance Models in Indian Scenario – An Entry Point - S. Ganesan , S. Jayaprakash

What Is the Property and Liability Insurance Business? - Emilio Venezian

Immoral Smirks - Larry Y. Tzeng, Ching-Fan Chung , Jennifer L. Wang

The Underpricing of Insurance IPOs - Qiming Wang , James Ligon

Fair Participating Life Insurance Policies: The Impact of Interest Rate Guarantees, Bonus Policies, and Investment Incentives - Wenyen Hsu, Richard Lu , Shuying Wu

Safety-First Portfolio Optimization Model: Simulating the Asset Portfolio of Chinese Insurance Funds Direct Invest in Stock Market - Ziyou Yu, Yanhua Xiao

Tax-deductible Pre-Event Catastrophe Loss Reserves: The Case of Florida - Andreas Milidonis , Martin F. Grace

The Impact of State Taxation on Property-Casualty Insurance Industry - Minglai Zhu , Yuan Yuan

Why does a Government Provide Tax Deductions for Net Losses? - Rachel Huang , Larry Y. Tzeng

Corporate Demand for Terrorism Insurance in Germany - Christian Thomann , J.-Matthias Graf von der Schulenburg

Should Governments Support the Private Terrorism Insurance Market? - Dwight M. Jaffee , Thomas Russell

Property-Liability Insurer Reserve Error-Motive, Manipulation, or Mistake - Martin F. Grace , J. Tyler Leverty

A Dynamic and Multivariate Model for Risk Management and Prediction - Maria Isabel Barão, Ser-Huang Poon , Jonathan Tawn

An Insurance and Asset Pricing Model for Non-Normal Distributions and Incomplete Markets - Zinoviy Landsman , Michael Sherris

Informational Asymmetry, Differential Compensation, and Imperfect Message in Demutualization - Bum J. Kim

The Strategic Role of Information in Insurance Markets: A Vertical Integration Model - Nobuko Aoba

Information Asymmetry and Corporate Governance in the Property-Liability Insurance Industry - Joseph S. Ruhland , David W. Sommer

Pricing Catastrophe Insurance Derivatives in a Subordinated Binomial Tree - Carolyn W. Chang, Jack S.K. Chang, WeiLi Lu

How Much Internalization of Nuclear Risk Through Liability Insurance? - Yves Schneider , Peter Zweifel

Catastrophic Losses and Insurer Profitability: Evidence from 9/11 - Xuanjuan Chen , Helen Doerpinghaus, Bingxuan Lin, Tong Yu

Insurance Brokers and Advice Quality - Michael Sonnenholzner

How Insurance Brokers Create Value: A Functional Approach - Peter Maas

Brokers and the Insurance of Non-Verifiable Losses - Neil A. Doherty , Alexander Muermann

Multiline Insurance and Securitization: Bundling Risks to Reduce Moral Hazard - Christian Laux

The Kuznets Hypothesis for Income Elasticity of Insurance Demand and Economic Growth – An Empirical Analysis of the World Insurance Market - Ziyou Yu, Jianjun Wu

Optimal Hedging Strategies for Multi-Period Guarantees in the Presence of Transaction Costs: A Stochastic Programming Approach - Stein-Erik Fleten , Snorre Lindset

Testing for Risk Sensitivity in the European Insurance Industry: Empirical Evidence from Subordinated Debt Issues - Francesco Paolo Natale , Emma Zavarrone

Debt – Induced Agency Conflicts and Market Discipline: Evidence in Life Insurance Companies that Issue GIC - Qiang Liu , Karen Epermanis

Debt Capacity, the Cost of Debt and Corporate Insurance - Hong Zou , Mike B. Adams

Is there a Crisis in Healthcare Professional Liability Insurance? - Faith Neale, Kevin Eastman , Pamela Parrish Peterson

Medical Malpractice Reform: The Effect on Insurer Claims Defense Effort - Anne Carroll , Jan Ambrose

Soft and Hard Markets in Medical Malpractice Insurance - Scott E. Harrington, Patricia M. Danzon , Andrew J. Epstein

Risk Management Model of China Agriculture Insurance Fund - Chen Shu

Private Crop Insurers and the Reinsurance Fund Allocation Decision - Keith H. Coble, Robert Dismukes , Joseph Glauber

Asymmetric Information with Optional Units in Federal Crop Insurance - Saleem Shaik , Joseph A. Atwood

Automobile Insurance in Canada: An Analysis of Costs across Provinces - Anne E. Kleffner, Gilles Bernier , David Chan

Predictive Modeling in Automobile Insurance: A Preliminary Analysis - Stephen P. D’Arcy

Analysis of the Market Risk in the Korean Insurance Industry by Using the VaR Method - Yong-Duk Kim

The Bowman Paradox in the U.S. Property and Casualty Insurance Industry - Mark J. Browne , Cuncun Luan

Integration in U.S. Financial System - Yuan Yuan

Impact of Bancassurance on Life Insurance Companies in Korea: Firm Characteristics and Performance Change - Jaehyun Kim, Sukho Lee , Joongyoung Jeong

Possible Synergy of Bank and Insurance in a Developing Economy: Empirical Evidence from Bangladesh - Ziaulhaq Mamun , Mohammad Aslam

The Impact of Organizational Structure and Business Strategy on Performance and Risk Taking: Evidence from the Life Insurance Industry in Taiwan - Gene C. Lai , Lin Yhi Chou

Issuance Decisions and Long-Term Care Insurance - Michael K. McShane , Larry A. Cox

An Empirical Study of China’s Life Insurance Demand - Qixiang Sun, Lingyan Suo , Tao Liu

Stock Analyst’s Compensation Structure - Koji Kojima, Mahito Okura , Yen H. Tong

A Simple Approach to Risk-Based Deposit Insurance Pricing - SeungYoung Oh

Uninsured Liabilities and Market Discipline in Property-Liability Insurance Industry - Wenyen Hsu

Risk Management Case Project - Robert E. Hoyt, Randy E. Dumm , Kathleen A. McCullough

Capital Allocation Using Cooperative Game Theory - S. Hun Seog , Sungwhee Shin

The Incentive Effects of Increasing Per-Claim Deductible Contracts in Automobile Insurance - Chu-Shiu Li, Chwen-Chi Liu , Jason Jia-Hsing Yeh

The Incentive Effects of Automobile Insurance Rate Regulation on Accident Frequency and Loss Costs: An Empirical Analysis - Laureen Regan, Sharon Tennyson , Mary A. Weiss

Rethinking Risk: Aspiration as Pure Risk - Greg B. Davies

Bio-Information and Insurance Markets - Li-Ming Han , Richard MacMinn

Probability Weighting in Damage-Claiming Decisions - Yoram Eden , Doron Sonsino

On the Use of Group-Level Financial Information in Insurer Solvency Surveillance - Steven Pottier, David Sommer