Lecture 1:     Introduction (Tuesday afternoon, 17/7/2007)

* Insurance Economics (Acrobat Acrobat (PDF) Format) 

Lecture 2:   Financial Pricing Models (Tuesday afternoon, 17/7/2007)

* Price Regulation in Property-Liability Insurance: A Contingent Claims Approach (Acrobat Acrobat (PDF) Format) 

* Financial Pricing of Insurance in the Multiple-Line Insurance Company (Acrobat Acrobat (PDF) Format) 

Lecture 3:   Capital Allocation (Thursday morning, 19/7/2007)

* Capital Allocation for Insurance Companies (Acrobat Acrobat (PDF) Format) 

 

Lecture 4:   Reinsurance (Thursday morning, 19/7/2007)

* A Reinsurance Primer (Acrobat Acrobat (PDF) Format)

* Reinsurance, Taxes, and Efficiency: A Contingent Claims Model of Insurance Market Equilibrium (Acrobat Acrobat (PDF) Format)

* The Demand for Reinsurance: Theory and Empirical Tests (Acrobat Acrobat (PDF) Format)

 

Lecture 5:   Underwriting Cycles (Friday afternoon, 20/7/2007)

* Property-Liability Insurance Underwriting Cycles: An Overview (Acrobat Acrobat (PDF) Format)

* Insurance Cycles: Interest Rates and the Capacity Constraint Model (Acrobat Acrobat (PDF) Format)

 

Lecture 6:   Corporate Risk Management (Friday afternoon, 20/7/2007)

* Why is Risk Costly to Firms? (Acrobat Acrobat (PDF) Format)

* The Underinvestment Problem, Bond Covenants and Insurance