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The Meaning of Risk? Insights from The Geneva Risk and Insurance Review

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  • Jean-François Outreville

    (INSEEC Business School, 63, Boulevard Exelmans, 75016 Paris, France)

Abstract

The Geneva Association and European Group of Risk and Insurance Economists, through publications like The Geneva Risk and Insurance Review, serve as a catalyst for progress in the understanding of risk and insurance matters. The purpose of this paper is to review and summarise some of the papers published in 2012 and 2013 that could help us to understand what risk is and the implications for the insurance industry. Although the idea of risk may be difficult to conceptualise, risk is of considerable importance for the functioning of all economies and economic agents. Risk aversion, adverse selection, asymmetric information and the performance of insurance markets are important issues that are regularly discussed in the review. These issues are of particular relevance for insurers and the proper functioning of insurance markets.

Suggested Citation

  • Jean-François Outreville, 2014. "The Meaning of Risk? Insights from The Geneva Risk and Insurance Review," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 39(4), pages 768-781, October.
    • Handle: RePEc:pal:gpprii:v:39:y:2014:i:4:p:768-781
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    References listed on IDEAS

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    17. Renaud Bourlès & Dominique Henriet, 2012. "Risk-sharing Contracts with Asymmetric Information," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 37(1), pages 27-56, March.
    18. Fred Schroyen, 2013. "Attitudes Towards Income Risk in the Presence of Quantity Constraints*," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 38(2), pages 183-209, September.
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    25. Randy E Dumm & David L Eckles & Martin Halek, 2013. "An Examination of Adverse Selection in the Public Provision of Insurance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 38(2), pages 127-147, September.
    26. W Henry Chiu, 2012. "Risk Aversion, Downside Risk Aversion and Paying for Stochastic Improvements," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 37(1), pages 1-26, March.
    27. Chi-Hung Chang & Chien-Chiang Lee, 2012. "Non-Linearity Between Life Insurance and Economic Development: A Revisited Approach," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 37(2), pages 223-257, September.
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    32. Ursina B. Meier & J. François Outreville, 2006. "Business cycles in insurance and reinsurance: the case of France, Germany and Switzerland," Journal of Risk Finance, Emerald Group Publishing, vol. 7(2), pages 160-176, March.
    33. Christian Thomann & Razvan Pascalau & J.-Matthias Graf von der Schulenburg, 2012. "Corporate Management of Highly Dynamic Risks: Evidence from the Demand for Terrorism Insurance in Germany," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 37(1), pages 57-82, March.
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    Cited by:

    1. CATRINA, Ersilia, 2018. "Insurance, A Guaranteed Risk Or A Risk Assumed?," MPRA Paper 87769, University Library of Munich, Germany, revised Apr 2018.
    2. Ersilia CATRINA, 2018. "Insurance, A Guaranteed Risk Or A Risk Assumed?," Junior Scientific Researcher, SC Research Publishing SRL, vol. 4(1), pages 121-133, May.

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