Welcome

EGRIE Awards

 

 

The Geneva Risk and Insurance Review is the official journal of EGRIE

 

 

44th Seminar, London, 18-20 September 2017

 

The 44th Seminar of the European Group of Risk and Insurance Economists (EGRIE) will take place in London, UK, on September 18-20, 2017.

Enrico Biffis is the local organiser.

On the occasion of the seminar, the 29th Geneva Risk Economics Lecture will be delivered by Olivia Mitchell.

The scientific programme committee for this meeting is composed of Richard Watt (chairman), Annette Hofmann and Martin Eling.

 

Registration and program

To access more detailed information regarding conference registration, accomodation, etc., please follow this link.

The registration deadline is Friday 1. September 2017. To register for the seminar, please follow this link.

Please note that EGRIE members pay a reduced registration fee (25€ instead of 125€).

For more information on the conference program, please follow this link.

To access the tentative scientific program, please follow this link.

 

Scientific Program and Papers

 

Monday          
September 18th          
9:15-10:30   Geneva Risk Economics Lecture (Chair: Alexander Muermann)
    Olivia Mitchell      
    "Developments for Retirement Products in an Ageing World"
    (Discussant: Monika Buetler)      
           
11:00-12:30   Session A1 (Chair: A. Muermann)     Session A2 (Chair: C. Courbage)
           
    G. Dionne, Y. Liu     A. Bostian, C. Heinzel,
    “Effects of insurance incentives on road safety. Evidence from a natural experiment in China”     “Comparative precautionary saving under higher-order risk and recursive utility”
    (Discussant: P. Zweifel)     (Discussant: R. Huang)
           
    Y. Deng, K. Wang, T. Wang, H. Zheng     D. Crainich, R. Peter
    “Private information in automobile insurance market - revealed by driving record in telematics”     “On the interaction between the demand for saving and the demand for risk reduction”
    (Discussant: G. Dionne)      (Discussant: Y. Osaki)
           
13:30-15:30   Session B1 (Chair: R. Rees)     Session B2 (Chair: R. Watt)
           
    M. Hoy, A. Mirza, A. Sadanand     N. Argyris, J. Jaspersen, A. Richter
    “Guaranteed renewable life insurance under demand uncertainty”     “Risk aversion in additive multivariate utility functions”
    (Discussant: R. Bourlès)     (Discussant: P. Picard)
           
    D. Rowell, P. Zweifel     L. Liu, J. Meyer, A. Rettenmaier, T. Saving
    “Separating equilibria in insurance markets: A new theoretical perspective”     “Risk and risk aversion effects in contests with contingent payments”
    (Discussant: W. Mimra)     (Discussant: N. Treich)
           
    M. Browne, I. Gemmo, H. Gründl     C. Kubitza, F. Regele
    Transparency aversion and insurance market equilibria“    

“Persistency of insurance activities and financial stability”

    (Discussant: M. Kraft)      
           
16:00-17:30   Session C1 (Chair: S. Krummaker)     Session C2 (Chair: C. Bernard)
           
    M. Browne, A. Hofmann, A. Richter, S. Roth, P. Steinorth     R. Bourlès, D. Henriet, B. Sinclair-Desgagne
    Peer effects in risk taking: Evidence from Germany     “Safeguards and incentives”
    (Discussant: K. Wang)     (Discussant: M. Hoy)
           
    C. Courbage, G. Montoliu, B. Rey     T. Boonen
    “How vulnerable is risk aversion to wealth, health and other risks? An empirical analysis for Europe”     “Equilibrium recoveries in insurance markets with limited liability”
    (Discussant: G. Millo)      (Discussant: R. Rogalla)
           
Tuesday          
September 19th          
9:00-10:30   Session D1 (Chair: E. Biffis)     Session D2 (Chair: P. Zweifel)
           
     L. Berger, V. Bossetti     C. Courbage, H. Louberge, B. Rey
    “What is behind ambiguity aversion?”     “On the properties of non-monetary measures for risk“
    (Discussant: F. Pannequin)     (Discussant: R. Eisen)
           
    F. Pannequin, M. Ropaul     R. Huang, L. Tzeng, L. Zhao
    “Self insurance and liability insurance under one-sided ambiguity”     “Between Nth and N+1th degree stochastic dominance“
    (Discussant: D. Crainich)      (Discussant: A. Snow)
           
11:00-12:30   Session E1 (Chair: A. Hofmann)     Session E2 (Chair: K. Crocker)
           
     M. Hanselmann      P. Picard
    “Ratings on online health insurance marketplaces: A two-edged sword?”     “Splitting Risks in Insurance Marketswith Adverse Selection"
    (Discussant: T. Boonen)     (Discussant: Y. Yao)
           
     Y. Fujii, Y. Osaki     B. Davies, R. Watt
    “The willingness to pay for health improvements under comorbidity ambiguity“     “Bundling and Insurance of independent risks”
    (Discussant: D. Pooser)     (Discussant: A. Braun)
           
13:30-15:30   Session F1 (Chair: D. Eckles)     Session F2 (Chair: G. Dionne)
           
    C. Kubitza     C. Bernard, T. Moenig
    “Consumer welfare when firms face parameter uncertainty about costs”     “Where less is more: Reducing variable annuity fees to benefit policyholder and insurer”
    (Discussant: S. Ebert)      (Discussant: G. Montoliu)
           
    B. Heidler, J. Jaspersen, D. Lohmaier, D. Pooser, A. Richter       G. Cenedese, P. Della Corte, T. Wang  
    “Managerial discretion and variable risk preferences”    

“Currency mispricing and dealer balance sheets“

    (Discussant: S. Krummaker)      
           
    S. Ebert     M. Chaderina, A. Muermann, C. Schuech
    “Decision making when things are only a matter of time”     “Which bonds to sell in fire sales? Liquidity versus commonality of holdings”
     (Discussant: F. Papakonstatinou)     (Discussant: C. Kubitza)
           
Wednesday          
September 20th          
9:00-10:30   Session H1 (Chair: S. Dickinson)     Session H2 (Chair: D. Michaelides)
           
     C. Lepore, M. Tanaka, D. Humphrey, S. Kallol     P. Zweifel
   

An elusive panacea? The impact of the regulatory valuation regime on insurers' investment behaviour”

    “Solvency regulation of insurance mark III. Will it make a difference?”
          (Discussant: R. Rees)
           
    D. Cummins, F. Irresberger, Y. Peng, M. Weiss     R. Maurer, O. Mitchell, R. Rogalla, T. Schimetschek
    “Shadow Insurance and Systemic Risk”     “Optimal social security claiming behaviour under lump sum incentives: theory and evidence”
    (Discussant: C. Kubitza)     (Discussant: A. Michaelides)
           
11:00-12:30   Session I1 (Chair: F. Papakonstantinou)     Session I2 (Chair: A. Snow)
           
     Y. Yao, J. Schmit, J. Shi     N. Treich, Y. Yang
    “Promoting sustainability for micro health insurer. A risk adjusted subsidy approach for maternal healthcare service”     “Public safety under imperfect taxation”
     (Discussant: W. Schnell)     (Discussant: L. Liu)
           
    M. Eling, W. Schnell     R. Rees, F. Fossen, D. Rostam, V. Steiner
    “Extreme cyber risks and the non-diversification trap”     “How do entrepreneurial portfolios respond to income taxation?”
    (Discussant: M. Archayya)     (Discussant: D. Rowell)
           

 

41st Seminar

St. Gallen

15-17 September 2014

41th Seminar, St. Gallen, 15-17 September 2014

Sunday, September 14th

18:00 Welcome Cocktail, Institut für Versicherungswirtschaft

 

 

Monday, September 15th

08:00 - 08:45

Registration and Welcome Coffee, Foyer Library

08:45 - 09:00 Welcome Speech, Room 09-011
09:00 - 10:30

Geneva Risk Economics Lecture (Chair: G. Dionne, Room 09-011)

H. Schlesinger

"Lattices and Lotteries in Apportioning Risk"

Discussant: G. Franke

10:30 - 11:00 Coffee Break, Foyer Library
11:00 - 12:20

Session A1 (Chair: P. Picard, Room 09-011)

Loss control conflicts

C. Courbage, H. Loubergé, R. Peter
"Optimal Prevention for Correlated Risks"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

D. Crainich, L. Eeckhoudt
"Average Willingness to Pay for Disease Prevention with Personalized Health Information"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

Session A2 (Chair: H. Schmeiser, Room 23-203)

Interest Rates

E. Berdin, H. Gründl
"The Effects of a Low Interest Rate Environment on Life Insurers"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

G. Millo, P. Millossovich
"Interest Rates and the Demand for Non-Life Insurance: Evidence from Italian Sub-Regions"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

12:20 -
14:15

Lunch, Foyer Library
14:15 - 16:15

Session B1 (Chair: C. Courbage, Room 01-014)

Behavioral session

F. Pannequin, A. Corcos, C. Montmarquette
"Insurance and Self-Insurance: Beyond Substitutability, the Mental Accounting of Losses?"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

S. Ebert, C. Hilpert
"The Trend is Your (Imaginary) Friend - A Behavioral Perspective on Technical Analysis"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

K. Werner
"Insurance Demand and Heterogeneity in Risk Perception"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

Session B2 (Chair: P. Zweifel, Room 23-203)

Moral hazard and adverse selection

K. Shaver
"Insurance Competition under Asymmetric Categorization: Evidence from the Washington Automobile Insurance Market"
(Discussant: K. Wang)

M. Eling, R. Jia, Y. Yao
"Between-Group Adverse Selection: Evidence from Group Critical Illness Insurance"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

C. Biener, M. Eling, A. Landmann, S. Pradhan
"Ex-Ante Moral Hazard: Experimental Evidence from Low-Income Insurance"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

16:15 - 16:45 Coffee Break, Foyer Library
16:45 - 18:05

Session C1 (Chair: H. Schlesinger, Room 01-014)

Correlation aversion

H. Chiu
"Correlation-Increasing Marginal Risk Increase and Financial Risk Taking in the Presence of Non-Financial Background Risks"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

D. Crainich, L. Eeckhoudt, O. Le Courtois
"Beyond Correlation Aversion: Theory and Some Implications"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

Session C2 (Chair: F. Pannequin, Room 23-203)

Adverse selection

Y. Yao, J. Schmitt, J. Sydnor
"Adverse Selection in Emerging Health Insurance Markets: Evidence from Microinsurance in Pakistan"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

J. Bauer, J. Schiller, C. Schreckenberger
"Selection in the Market for Private Supplemental Dental Insurance in Germany"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

19:30 Gala Dinner, Grand Cafe Gentile

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tuesday, September 16th

08:30 - 10:30

Session D1 (Chair: H. Loubergé, Room 09-011)

Investment

D. Bauer, S. Kamiya, X. Ping, G. Zanjani
"Dynamic Capital Allocation with Irreversible Investments"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

S. Ben Ammar, M. Eling, A. Milidonis
"Asset Pricing of Financial Institutions: The Cross-Section of Expected Insurance Stock Returns"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

K. Fu, Y.-C. Hsu, R. Huang, L. Tzeng
"Does Portfolio Insurance Outperform Stocks? Evidence via Almost Stochastic Dominance"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

Session D2 (Chair: C. J.F. Outreville, Room 09-114)

Pension funds and life insurance

T. Boonen, A. De Waegenaere, H. Norde
"Intergenerational Solidarity within a Closing Pension Fund"
(Discussant: E. Biffis)

R. Inderst, A. S. Sirak
"Income and Unemployment Effects on Life Insurance Lapse"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

A. Braun, H. Schmeiser, F. Schreiber
"On Consumer Preferences and Willingness to Pay for Term Life Insurance"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

10:30 - 11:00 Coffee Break, Foyer Library
11:00 - 12:20

Session E1 (Chair: L. Eeckhoudt, Room 09-011)

Decision

C. Heinzel, R. Peter
"Precautionary Motives under Multiple Instruments"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

M. Adler, N. Treich
"Consumption, Risk and Prioritarianism"
(Discussant: W. Hu)

Session E2 (Chair: M. Eling, Room 09-114)

Market discipline

M. Grace, S. Kamiya, R. Klein, G. Zanjani
“Market Discipline and Guaranty Funds in Life Insurance”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

M. Dong
“The Impact of Firm-Level Transparency on the Ex Ante Risk Decisions of Insurers: Evidence from an Empirical Study”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

12:20 - 13:30 Lunch, Foyer Library
13:30 - 15:30

Session F1 (Chair: R. Eisen, Room 09-011)

Regulation

P. Zweifel
"Solvency Regulation of Banks and Insurers: A Two-pronged Critique"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

J. Jaspersen, A. Richter, S. Soika
"On the Demand Effects of Rate Regulation - Evidence from a Natural Experiment"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

M. Altuntas, T. Berry-Stölze, S. Wende
"Does One Size Fit All? Determinants of Insurer Capital Structure around the Globe"
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

Session F2 (Chair: G. Dionne, Room 09-114)

Organizations

C. Biener, M. Eling, J. Wirfs
“The Determinants of Efficiency and Productivity in the Swiss Insurance Industry”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

S. Kamiya, A. Milidonis
“Actuarial Independence and Managerial Discretion”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)


K. Wang
“Private Information and the Incentive to Engage in Fraud”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

15:30 - 16:00 Coffee Break, Foyer Library

16:00 -
17:00

General Assembly
19:00 Conference Dinner, Appenzeller Schaukäserei

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wednesday, September 17th

8:30 - 09:40

Session G1 (Chair: S. Ben Ammar, Room 09-011)

Pricing insurance

C. Cheng, J. Li
“Early Default Risk and Surrender Risk: Impacts on Participating Life Insurance Policies”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

N. Gatzert, S. Pokutta, N. Vogl
“Convergence of Capital and Insurance Markets: Consistent Pricing of Index-Linked Catastrophic Loss Instruments”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

Session G2 (Chair: R. Peter, Room 09-012)

Ambiguity

Y. Fujii, H. Iwaki, Y. Osaki
“An Economic Premium Principle under the Smooth Ambiguity Aversion”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

L. Berger, J. Emmerling, M. Tavoni
“Model Uncertainty, Climate Change, and Catastrophes”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

09:40 - 10:10 Coffee Break, Foyer Library
10:10 - 11:30

 

Session H1 (Chair: L. Tiblietti, Room 09-011)

Risk measures

S. Kou, X. Peng
“On the Measurement of Economic Tail Risk”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

D. Pankoke
“Sophisticated vs. Simple Systemic Risk Measures”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

Session H2 (Chair: S. Kamiya, Room 09-012)

Flood insurance

M. Browne, C. Dehring, D. Eckles, W. Lastrapes
“Does National Flood Insurance Program Participation Induce Housing Development”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

G. Turner
“Insurance Demand After a Rare Flood Event: Evidence from a Field Experiment in Pakistan”
(Discussant: This email address is being protected from spambots. You need JavaScript enabled to view it.)

41th Seminar, St. Gallen, 15-17 September 2014

 

Hotels:
 

  • Radisson Blu Hotel, St. Gallen, St. Jakob-Strasse 55, CH-9000 St. Gallen, +41 (0)71 242 1212

    30 rooms, 4 stars superior business hotel, price per night between CHF 214.50 and 241.50


    Available until August 29


     

 

 

 

  • Hotel Walhalla St. Gallen, Best Western, Bahnhofplatz / Poststrasse 27, CH-9001 St. Gallen, +41 (0)71 228 2800

    19 rooms, 4 stars business hotel, price per night between CHF 182.50 and 242.50


    Available until September 6 

     

 

 

  • Sorell Hotel City Weissenstein, Davidstrasse 22, CH-9000 St. Gallen, +41 (0)71 228 062

    15 rooms, 3 star business hotel, price per night CHF 157.50


    Available until August 11


     

 

 

 

  • Hotel Dom, Webergasse 22, CH-9000 St. Gallen, +41 (0)71 227 7171

    12 rooms, 3 star business hotel, price per night between CHF 147.50 and 157.50


    Available until August 5



     

All prices include breakfast and the city tax. The seminar will be held at Universität St. Gallen, Dufourstrasse 50, 9000 St. Gallen.

40th Seminar, Paris, 17-19 September 2012

25th Geneva Risk Economics lecture by Miles Kimball on "The Effect of Uncertainty on Optimal Control Models in the Neighborhood of a Steady State"

Program Committe: Ray Rees, Georges Dionne, Jean Pinquet, Rachel J. Huang

Local Organizer: Pierre Picard


Sunday, September 15th

18:00 Welcome Cocktail at Le Carmen

 

 

Monday, September 16th

08:00 - 08:45 Registration and Welcome Coffee
08:45 - 09:00 Welcome Speech
09:00 - 10:30

Geneva Risk Economics Lecture

M. Kimball

"The Effect of Uncertainty on Optimal Control Models in the Neighborhood of a Steady State"

Discussant: N.V. Long

10:30 - 11:00 Coffee Break
11:00 - 12:30

Session A1 (Chair: L. Eeckhoudt)

H. Schlesinger, S. Ebert, L. Eeckhoudt
"Comparative Risk Apportionment"
(Discussant: J. Maier)

C. Bernard, J.S. Chen, S. Vanduffel
"All Investors Are Risk-Averse Expected Utility Maximizers" (Discussant: H. Loubergé)

Session A2 (Chair: G. Turner)

J. Wang, A. Subramanian
"Catastrophe Risk Transfer"
(Discussant: M. Acharyya)

C. Grislain-Letrémy
Natural Disasters: Exposure and Underinsurance
(Discussant: Y. Suzawa)

12:30 -
14:00

Lunch

14:00 - 16:00

Session B1 (Chair: C. Heinzel)

R. Peter, A. Hofmann
"Self-Insrunace, Self-Protection, and Increased Risk Aversion: An Intertemporal Reinvestigation"
(Discussant: P. Zweifel))

A. Snow, R.J. Huang, L.Y. Tzeng
"Preauctionary Saving in the Presence of Ambiguity"(Discussant: H. Schlesinger)

R.Peter, M. Hoy, A. Richter
"Take-up for Genetic Tests and Ambiguity"
(Discussant: R. Rees)

Session B2 (N. Gatzert)

E. Biffis, L.R. Sotomayor, D. Bauer
"Optimal Collaterization with Bilateral Default Risk (Discussant: F. Loss)

N. Gatzert, M. Martin
"Valuation and Risk Assessment of Participating Life Insurance in the Presence of Credit Risk"
(Discussant: C. Cheng)

J. Etner, H. d' Albis
"Welfare Gains from Illiquid Annuities"
(Discussant: N. Gatzert)

16:00 - 16:30 Coffee Break
16:30 - 18:00

Session C1 (Chair: M. Hoy)

P. Picard, K. Wang
"The Collusion between Policiyholders and Car Dealers and the Manipulation of Insurance Claims"
(Discussant: M. Boyer)

M. Santolino, M. Ayuso, L. Bermúdez
"The Dynamic Nature of the Information Asymmetry During the Negotiation Process of Motor Injury Claims"
(Discussant: C.S. Li)

Session C2 (Chair: P. Zweifel)

S. Kamiya, J.T. Schmit
"The Legal Constraint of Misrepresantation in Insurance Market" (Discussant: K. Crocker)

F. Glenzer, H. Gründl, C. Wilde
"And Lead Us Not Into Tempation": Presentation Formats and the Choice of Risky Alternatives
(Discussant: J.T. Schmit)

19:30 Conference Dinner at Le Capitaine Fracasse: Cruise on the Seine River

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tuesday, September 17th

08:30 - 10:30

Session D1 (Chair: E. Biffis)

G. Dionne, J. Li, C. Okou
"An Extension of the Consumption-Based CAPM Model" (Discussant: A. Braun)

F. Schreiber, A. Braun, H. Schmeiser
"Portfolio Optimization under Solvency II: Implicit Constraints Imposed by the Market Risk Standard Approach" (Discussant: A. Bohnert)

J.K. Hammitt, D. Crainich, L. Eeckhoudt
"The Value of Risk Reduction: New Tools for an Old Problem" (Discussant: R. Peter)

Session D2 (Chair: C. Courbage)

F. Pannequin, A. Corcos, C. Montmarquette
"Risk Lovers May Also Love Insurance"
(Discussant: S. Ebert)

L. Liu, J. Meyer
"Substituting One Risk Increase for Another: A method for Measuring Risk Aversion" (Discussant: L. Tibiletti)

C. Courbage, B. Rey
"Changes in Ambiguity - Definition, Measures and Application" (Discussant: M. Hoy)

10:30 - 11:00 Coffee Break
11:00 - 12:30

Session E1 (Chair: C. Bernard)

S. Ebert, P. Strack
"Until the Bitter End: On Prospect Theory in a Dynamic context" (Discussant: F. Schreiber)

R. Laeven, L. Eeckhoudt
"Prudence, Temperance (and Other) Virtues: The Dual Story" (Discussant: L. Liu)

Session E2 (Chair: J. Garven)

J. Garven, N. Doherty, S.H. Sinclair
"Noise Hedging and Executive Compensation"
(Discussant: E. Biffis)

G. Turner
"Insurer Moral Hazard and Consumer Confidence with Catastrophic Risk" (Discussant: C. Grislain-Letrémy)

12:30 - 14:00 Lunch
14:00 - 15:30

Session F1 (Chair: N. Treich)

N: Treich, X.Z. He
"Prediction Market Accuracy under Risk Aversion and Heterogeneous Beliefs"(Discussant: J.K Hammitt)

B. Lopez-Cabrera, W.k. Härdle, H.W. Teng
"State Price Densities Implied from Weather Derivatives" (Discussant: C. Bernard)

Session F2 (Chair: W. Koeniger)

G.N.F. Weiss
"Why Do Some Insurers Become Systemically Relevant?" (Discussant: A. Kartasheva)

F. Loss, G. Piaser
"Linear Prices Equilibria and Nonexclusive Insurance Market" (Discussant: M. Kraft)

15:30 - 16:00 Coffee Break
16:00 General Assembly
19:00 Gala Dinner at Musée du Vin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wednesday, September 19th

8:00 - 8:30 Welcome Coffee
8:30 - 10:00

Session G1 (Chair: F. Pannequin)

X.Ping, G. Zanjani
"Optimal Insurance Contracts with Insurer's Background Risk" (Discussant: P.Picard)

M. Ghossoub
"Belief Heterogeneity in the Arrow-Borch-Raviv Insurance Model" (Discussant: F. Pannequin)

Session G2 (Chair: J.J Wang)

S. Ben Ammar, M. Eling
"Common Risk Factors of Infrastructure Firms"
(Discussant: B. Villeneuve)

S.A. Persson, A. Mjos, T.A. Myklebust
"On the Pricing of Performance Sensitive Debt"
(Discussant: W. Koeniger)

10:00 - 10:30 Coffee Break
10:30 - 12:00

 

Session H1 (Chair: A. Richter)

V. Aseervatham, P. Born, A. Richter
"Demand Reactions in the Aftermath of Catastrophes and the Need for Behavioral Approaches"
(Discussant: C.C. Liu)

C. Cheng, F. Uzelac
"Optimal Termination Rules for DB Pension Insurance"
(Discussant: S. Kamiya)

Session H2 (Chair: A. Kartasheva)

W. Koeniger, G. Bertola
"Hidden Insurance in a Moral Hazard Economy"
(Discussant: K. Wang)

A. Bohnert, P. Born, N. Gatzert
"Dynamic Hybrid Products in Life Insurance: Assessing the Policyholders' Viewpoint" (Discussant: H. Schmeiser)

12:00
Lunch