Current Issues in Risk Management and Insurance
16 July - 20 July, 2007
Instructor: Professor James R. Garven
This course examines covers various topics of current interest in the academic field of risk management and insurance. It is offered under the auspices of the Financial Integrity Research Network (FIRN) as part of its Younger Researcher Programme.
Many of the links on this website are password-protected. Visitors to this website who are interested in obtaining guest access should send email to James_Garven@baylor.edu requesting a username and password.
Lecture 1: Insurance Economics (Tuesday afternoon, 17/7/2007)
Lecture 2: Financial Pricing Models and Capital Allocation (Thursday morning, 19/7/2007)
- Doherty, Neil A. and James R. Garven, 1986, “Price Regulation in Property-Liability Insurance: A Contingent Claims Approach,” Journal of Finance, Vol. 41, No. 5, December 1986, pp. 1031-1050.
- Garven, James R., 1992, “An Exposition of the Implications of Limited Liability and Asymmetric Taxes for Property-Liability Insurance,” Journal of Risk and Insurance, Vol. 59, No. 1 (March): 34-56.
- Phillips, Richard D., Cummins, J. David and Franklin Allen, 1998, “Financial Pricing of Insurance in the Multiple-Line Insurance Company,” Journal of Risk and Insurance, Vol. 65, No. 4: 597-636.
- Myers, Stewart C. and James A. Read, Jr., 2001, “Capital Allocation for Insurance Companies,” Journal of Risk and Insurance, Vol. 68, No. 4 (December): 545-580.
Lecture 3: Reinsurance and Corporate Risk Management (Friday afternoon, 20/7/2007)
- Garven, James R., and Henri Loubergé, 1996, “Reinsurance, Taxes, and Efficiency: A Contingent Claims Model of Insurance Market Equilibrium,” Journal of Financial Intermediation, Vol. 5, Issue 1 (January): 74-93.
- Doherty, Neil A., 2000, “Why is Risk Costly to Firms?,” Chapter 7 from Integrated Risk Management: Techniques and Strategies for Managing Corporate Risk, McGraw-Hill Professional Publishing.
- Garven, James R. and Richard D. MacMinn, 1993, “The Underinvestment Problem, Bond Covenants and Insurance,” Journal of Risk and Insurance, Vol. 60, No. 4 (December): 635-646.