George Zanjani

TL;DR: In this article, multi-line pricing and capital allocation by insurance companies when solvency matters to consumers, capital is costly to hold, and the average loss is uncertain is studied.

TL;DR: In this article, the authors investigate the rationale for public intervention in the terrorism insurance market and argue that government subsidies for terror insurance have the effect of discouraging self-protection and limiting the negative externalities associated with selfprotection.

TL;DR: In this article, Detemple et al. demonstrate that risk measures used for pricing and performance measurement should be chosen based on economic fundamentals and may not necessarily adhere to the mathematical properties typically imposed in the literature.

TL;DR: In this paper, the authors examined the issue of risk-transfer collateralization by developing a theory of risk transfer collateralization, and showed that catastrophe bonds have important uses when buyers and reinsurers cannot contract over the division of assets in the event of insolvency and, more generally, cannot write contracts with a full menu of state-contingent payments.

TL;DR: This article studied the association between regulation and the organizational form of new life insurers between 1900 and 1949 and found that the mutual form was popular in states with low initial capital requirements for mutual companies and differentially higher requirements for stock companies, but was rarely used elsewhere.