IDEAS home Printed from https://ideas.repec.org/a/prs/recofi/ecofi_0987-3368_2005_num_80_3_4080.html
   My bibliography  Save this article

Risques d'assurance et risques financiers

Author

Listed:
  • Pierre Picard

Abstract

[fre] La distinction habituelle entre risques d’assurance et risques financiers s’atténue aujourd’hui devant les transformations des risques auxquels sont confrontés individus et entreprises. Les techniques de transfert des risques repoussent les limites de l’assurabilité, tandis que se développent des formes d’auto-assurance des entreprises qui tendent à associer assurance et finance au sein d’une industrie globalisée de la gestion des risques. . Classification JEL : G22 [eng] The usual distinction between insurance risks and financial risks now become less marked in view of the transformation in the risks faced by individuals and firms. The boundaries of insurability are pushed away by risk transfer mechanisms, while firms’ self-insurance tends to associate insurance and finance within a global risk management industry. . JEL classification : G22

Suggested Citation

  • Pierre Picard, 2005. "Risques d'assurance et risques financiers," Revue d'Économie Financière, Programme National Persée, vol. 80(3), pages 15-25.
  • Handle: RePEc:prs:recofi:ecofi_0987-3368_2005_num_80_3_4080
    DOI: 10.3406/ecofi.2005.4080
    Note: DOI:10.3406/ecofi.2005.4080
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/ecofi.2005.4080
    Download Restriction: no

    File URL: https://www.persee.fr/doc/ecofi_0987-3368_2005_num_80_3_4080
    Download Restriction: no

    File URL: https://libkey.io/10.3406/ecofi.2005.4080?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kunreuther, Howard & Meszaros, Jacqueline & Hogarth, Robin M. & Spranca, Mark, 1995. "Ambiguity and underwriter decision processes," Journal of Economic Behavior & Organization, Elsevier, vol. 26(3), pages 337-352, May.
    2. Edward M. Iacobucci & Ralph A. Winter, 2005. "Asset Securitization and Asymmetric Information," The Journal of Legal Studies, University of Chicago Press, vol. 34(1), pages 161-206, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yeon‐Koo Che & Kathryn E. Spier, 2008. "Strategic judgment proofing," RAND Journal of Economics, RAND Corporation, vol. 39(4), pages 926-948, December.
    2. Vink, Dennis, 2007. "An Empirical Analysis of Asset-Backed Securitization," MPRA Paper 10382, University Library of Munich, Germany, revised 25 Aug 2008.
    3. Hamid Mohtadi & Antu Panini Murshid, 2009. "Risk of catastrophic terrorism: an extreme value approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(4), pages 537-559.
    4. Oliver Walker & Simon Dietz, 2012. "Ambiguity and insurance: robust capital requirements and premiums," GRI Working Papers 97, Grantham Research Institute on Climate Change and the Environment.
    5. Geoffrey Heal & Howard Kunreuther, 2010. "Environment and Energy: Catastrophic Liabilities from Nuclear Power Plants," NBER Chapters, in: Measuring and Managing Federal Financial Risk, pages 235-257, National Bureau of Economic Research, Inc.
    6. Marques, Manuel O. & Pinto, João M., 2020. "A comparative analysis of ex ante credit spreads: Structured finance versus straight debt finance," Journal of Corporate Finance, Elsevier, vol. 62(C).
    7. Riachi, Ilham & Schwienbacher, Armin, 2013. "Securitization of corporate assets and executive compensation," Journal of Corporate Finance, Elsevier, vol. 21(C), pages 235-251.
    8. Howard Kunreuther, 2002. "The Role of Insurance in Managing Extreme Events: Implications for Terrorism Coverage," Risk Analysis, John Wiley & Sons, vol. 22(3), pages 427-437, June.
    9. Maciej Firla-Cuchra, 2005. "Explaining Launch Spreads on Structured Bonds," Economics Series Working Papers 230, University of Oxford, Department of Economics.
    10. Marielle Brunette & Laure Cabantous & Stéphane Couture & Anne Stenger, 2009. "Assurance, intervention publique et ambiguïté : une étude expérimentale auprès de propriétaires forestiers privés," Économie et Prévision, Programme National Persée, vol. 190(4), pages 123-134.
    11. Divya Aggarwal & Pitabas Mohanty, 2022. "Influence of imprecise information on risk and ambiguity preferences: Experimental evidence," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 1025-1038, June.
    12. Dietz, Simon & Walker, Oliver, 2017. "Ambiguity and insurance: capital requirements andpremiums," LSE Research Online Documents on Economics 68469, London School of Economics and Political Science, LSE Library.
    13. Ning Du & David V. Budescu, 2005. "The Effects of Imprecise Probabilities and Outcomes in Evaluating Investment Options," Management Science, INFORMS, vol. 51(12), pages 1791-1803, December.
    14. Keck, Steffen & Diecidue, Enrico & Budescu, David V., 2014. "Group decisions under ambiguity: Convergence to neutrality," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 60-71.
    15. repec:cup:judgdm:v:2:y:2007:i::p:390-397 is not listed on IDEAS
    16. Thomas Holzheu & Ginger Turner, 2018. "The Natural Catastrophe Protection Gap: Measurement, Root Causes and Ways of Addressing Underinsurance for Extreme Events†," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(1), pages 37-71, January.
    17. Laure Cabantous & Denis Hilton, 2006. "De l'aversion à l'ambiguïté aux attitudes face à l'ambiguïté. Les apports d'une perspective psychologique en économie," Revue économique, Presses de Sciences-Po, vol. 57(2), pages 259-280.
    18. Budescu, David V. & Kuhn, Kristine M. & Kramer, Karen M. & Johnson, Timothy R., 2002. "Modeling certainty equivalents for imprecise gambles," Organizational Behavior and Human Decision Processes, Elsevier, vol. 88(2), pages 748-768, July.
    19. Vijay Aseervatham & Patricia Born & Dominik Lohmaier & Andreas Richter, 2017. "Hazard-Specific Supply Reactions in the Aftermath of Natural Disasters," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 42(2), pages 193-225, April.
    20. Horlick-Jones, Tom & Rosenhead, Jonathan, 2013. "Ambiguity and therapy in risk management," LSE Research Online Documents on Economics 62497, London School of Economics and Political Science, LSE Library.
    21. Trevor Maynard & Nicola Ranger, 2011. "What role for �long-term� insurance in adaptation? An analysis of the prospects for and pricing of multi-year insurance contracts," GRI Working Papers 62, Grantham Research Institute on Climate Change and the Environment.

    More about this item

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:recofi:ecofi_0987-3368_2005_num_80_3_4080. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/ecofi .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.