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New Risks, New Products, and New Regulations: Insurance for the 21st Century


Richard Schmalensee


Massachusetts Institute of Technology (MIT) - Sloan School of Management; National Bureau of Economic Research (NBER)
November 2006

Barbon Institute Discussion Paper No. 06-03

Abstract:     
This Barbon Institute study considers some of the key issues and problems facing the insurance industry at the start of the 21st century, including terrorism risk, natural disasters, insurance accounting issues, and problems with the current regulatory structure. And it outlines important steps that insurers and regulators can take to address and alleviate these problems.

Number of Pages in PDF File: 21

Keywords: insurance, catastrophe, disaster, regulation, terrorism

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Date posted: November 3, 2006  

Suggested Citation

Schmalensee, Richard, New Risks, New Products, and New Regulations: Insurance for the 21st Century (November 2006). Available at SSRN: http://ssrn.com/abstract=942066 or http://dx.doi.org/10.2139/ssrn.942066

Contact Information

Richard Schmalensee (Contact Author)
Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )
Room E52-410
Cambridge, MA 02142
United States
617-253-2957 (Phone)
617-258-6617 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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