Insurance and Finance: Competition and/or Convergence

Tapiero, Charles  S.

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Insurance and Finance: Competition and/or Convergence

Charles S. Tapiero

NYU Poly - Department of Finance and Risk Engineering

March 19, 2011

Risk and Decision Analysis, Forthcoming
NYU Poly Research Paper

Abstract:
This paper discusses facets of the insurance-finance convergence and their competition. Differences and similarities are emphasized and examples are used to highlight their approaches to pricing. We emphasize situations that are particular to the insurance world, such as non normal risks, catastrophic risks, contagions, and other situations where risks are not easily defined. Some questions relating to the efficiency of portfolio securitization are also raised in light of the latent and macroeconomic risks that have pervaded insurance and financial insurance portfolios during the financial crisis.

Number of Pages in PDF File: 24

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Date posted: December 29, 2010 ; Last revised: March 20, 2011

Suggested Citation

Tapiero, Charles S. , Insurance and Finance: Competition and/or Convergence (March 19, 2011). Risk and Decision Analysis, Forthcoming; NYU Poly Research Paper . Available at SSRN: http://ssrn.com/abstract=1732209

Contact Information

Charles S. Tapiero (Contact Author)

NYU Poly - Department of Finance and Risk Engineering ( email )

Brooklyn, NY 11201
United States