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La résilience et le prix du risque

Author

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  • Jérôme Jean Haegeli

Abstract

The pricing of risk is a core driver of the insurance industry?s effectiveness in improving system resilience. Insurers have two core functions. On the asset side, they are long-term investors, to match their duration of liabilities. With their huge asset base of about USD 30 trillion, insurers can act as capital market shock absorbers. On the liability side, insurers help households, businesses and governments protect themselves against potential financial losses arising from the occurrence of adverse events. On both sides, the pricing of risk is a key determinant of how much insurers can contribute to making society more resilient. Classification JEL : E52, E61, G12, G22, G28, H54.

Suggested Citation

  • Jérôme Jean Haegeli, 2019. "La résilience et le prix du risque," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 107-114.
    • Handle: RePEc:cai:refaef:ecofi_133_0107
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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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