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Product Details 基本信息 ISBN-13 书号 9780691193267 Format 版本 精装 Pages Number 页数 208页 Publication Date 出版日期 2023-04-04 Language 语种 其它(含多语) Book Contents 内容简介 An authoritative and comprehensive graduate textbook on the modern insurance sector 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 boo
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