We propose a new decomposition of the variance risk premium (VRP) in terms of upside and
downside VRP s. These components reflect market compensation for changes in good and …

We develop a new dataset to study homeowners insurance. Our data on over 47 million
observations of households' property insurance expenditures from 2014-2023 are inferred …

This article reviews the most pertinent literature on the sources and uses of equity capital in
the US property-casualty (PC) insurance industry. PC insurers serve risk management and …

This chapter reviews the evolution in risk and insurance economics over the past 50 years,
first recalling the situation in 1973 and then presenting the developments and new …

Digital transformation (DT) is a major challenge for traditional companies. Despite the term,
DT is relatively new; its substance is not: a whole stream of research has examined the …

Multi-sided platforms (MSP) strongly affect markets and play a crucial part within the digital
and networked economy. Although empirical evidence indicates their occurrence in many …

This paper challenges the question of existence and predictability of underwriting cycles in
the US property and casualty insurance industry. Using an approach in the frequency …

This chapter reviews the literature on underwriting cycles and volatility in property-casualty
insurance prices and profits. It provides a conceptual framework for assessing unexplained …

In this study, we examine the effect of capital regulation on insurers' pricing behavior using
homeowners' insurance price data. We leverage a regulatory reform that imposes greater …

We develop a continuous-time general-equilibrium model to rationalise the dynamics of
insurance prices in a competitive insurance market with financial frictions. Insurance …