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

Barbon Institute Discussion Paper No. 06-03

21 Pages Posted: 3 Nov 2006

See all articles by Richard Schmalensee

Richard Schmalensee

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Date Written: November 2006

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.

Keywords: insurance, catastrophe, disaster, regulation, terrorism

Suggested Citation

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

Richard Schmalensee (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

Room E62-525
Cambridge, MA 02142
United States
617-253-2957 (Phone)
617-258-6617 (Fax)

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