Video 5. Insurance: The Archetypal Risk Management Institution

Video 5. Insurance: The Archetypal Risk Management Institution

Financial Markets (ECON 252) Insurance provides significant risk management to a broad public, and is an essential tool for promoting human welfare. By pooling large numbers of independent or low-correlated risks, insurance providers can minimize overall risk. The risk management is tailored to individual circumstances and reflects centuries of insurance industry experience with real risks and with moral hazard and selection bias issues. Probability theory and statistical tools help to explain how insurance companies use risk pooling to minimize overall risk. Innovation and government regulation have played important roles in the formation and oversight of insurance institutions. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.

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Byron Udell AccuQuote’s Life Insurance Podcast AccuQuote’s Life Insurance Podcast

AccuQuote’s Life Insurance Podcast by Byron Udell from AccuQuote’s Life Insurance Podcast
Genre : Investing

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Insurance change for St. John schools

L’Observateur RESERVE – Faced with a 17-percent increase in employee health insurance rates from former provider Blue Cross/Blue Shield, the St. John the Baptist Parish School Board was forced to choose between the option of reducing benefits or increasing spending.
Read in full at Insurance change for St. John schools

Property/Casualty Insurance, a Basic Guide: For Adjusters, Underwriters, Agents, Brokers, Attorneys, Entrepreneurs, and Business Managers
A simple to understand book, written for business owners and managers, as well as for insurance professionals. It covers valuable …

Inside the Minds: The Insurance Business–Industry Leaders on Managing Risks, Ensuring Investments, and Protecting Assets
Inside the Minds: The Insurance Business is an authoritative, insider’s perspective on the ins and outs of this dynamic industry…

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