Insurance and Finance: Competition and/or Convergence

Risk and Decision Analysis, Forthcoming

NYU Poly Research Paper

24 Pages Posted: 29 Dec 2010 Last revised: 20 Mar 2011

See all articles by Charles S. Tapiero

Charles S. Tapiero

NYU Polytechnic School of Engineering - Department of Finance and Risk Engineering

Date Written: March 19, 2011

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.

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: https://ssrn.com/abstract=1732209

Charles S. Tapiero (Contact Author)

NYU Polytechnic School of Engineering - Department of Finance and Risk Engineering ( email )

Brooklyn, NY 11201
United States

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