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Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2013 Update

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  • Christian Biener
  • Martin Eling
  • Shailee Pradhan

Abstract

This article reports the main results of the 2013 Risk Premium Project update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property–casualty insurance. The literature review reveals a broad variety of topics, with a strong leaning toward catastrophe risk, market efficiency, and new valuation techniques. Within the field of catastrophe risk, the role of weather and climate‐related risks for the insurance sector is reviewed and both the threats and the opportunities arising from the changing risk landscape are discussed.

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  • Christian Biener & Martin Eling & Shailee Pradhan, 2015. "Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2013 Update," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 18(1), pages 129-141, March.
  • Handle: RePEc:bla:rmgtin:v:18:y:2015:i:1:p:129-141
    DOI: 10.1111/rmir.12034
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    Cited by:

    1. Martin Eling & Ruo Jia, 2017. "Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2014 Update," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 20(1), pages 63-77, March.

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