Sunday, September 14th

Monday, September 15th

Registration and Welcome Coffee, Foyer Library

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

H. Schlesinger

"Lattices and Lotteries in Apportioning Risk"

Discussant: G. Franke

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

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.)

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.)

Tuesday, September 16th

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.)

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.)

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.)

16:00 -
17:00

Wednesday, September 17th

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.)

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.)