On flood risk pooling in Europe
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DOI: 10.1007/s11069-016-2616-2
Abstract: In this paper, we review and discuss some challenges in insuring flood risk in Europe on the national level, including high correlation of damages. Making use of recent advances in extreme value theory, we, furthermore,… read more here.
Keywords: risk; risk pooling; value; flood risk ... See more keywords
When is utilitarian welfare higher under insurance risk pooling?
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DOI: 10.1016/j.insmatheco.2021.08.006
Abstract: This paper focuses on the effects of bans on insurance risk classification on utilitarian social welfare. We consider two regimes: full risk classification, where insurers charge the actuarially fair premium for each risk, and pooling,… read more here.
Keywords: risk; welfare; risk pooling; risk classification ... See more keywords
Design principles for risk-pooling systems.
Sign Up to like & getrecommendations! Published in 2021 at "Nature human behaviour"
DOI: 10.1038/s41562-021-01121-9
Abstract: In times of crisis, risk pooling can enhance the resilience of individuals, households and communities. Risk-pooling systems are most effective when their participants adhere to several principles: (1) participants should agree that the pool is… read more here.
Keywords: principles risk; risk pooling; design principles; pooling systems ... See more keywords