Introduction to Modern Insurance
Risks in the Insurance Sector
- Koijen and Yogo (2017), Risk of Life Insurers: Recent Trends and Transmission Mechanisms
- Acharya, Philippon, and Richardson (2017), Measuring Systemic Risk for Insurance Companies
- Hartley, Paulson, and Rosen (2017), Measuring Interest Rate Risk in the Life Insurance Sector: The U.S. and the U.K.
Insurance Pricing
- Koijen and Yogo (2015), The Cost of Financial Frictions for Life Insurers (link to paper and replication programs)
- Ge (2022), How Do Financial Constraints Affect Product Pricing? Evidence from Weather and Life Insurance Premiums
Modeling Supply
- Koijen and Yogo (2022), The Fragility of Market Risk Insurance (link to paper and replication programs)
- Sen (2019), Regulatory Limits to Risk Management
Modeling Demand
Reinsurance
- Koijen and Yogo (2016), Shadow Insurance (link to paper and replication programs)
- Froot and O’Connell (1999), The Pricing of U.S. Catastrophe Reinsurance
- Froot (2001), The Market for Catastrophe Risk: A Clinical Examination
Portfolio Choice and Asset Pricing
- Koijen and Yogo (2022), Understanding the Ownership Structure of Corporate Bonds
- Ellul et al. (2015), Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading
- Ellul et al. (2018), Insurers As Asset Managers and Systemic Risk