Handbook of Insurance

Georges Dionne is Full professor of Finance and holds the Canada Research Chair in Risk Management at HEC Montréal.  He has published extensively: He has published seven books on insurance and risk management and more than 180 articles in academic journals. He has been the Editor of the Journal of Risk and Insurance, and is a member of the scientific committee of seven journals. He has supervised more than 35 Ph.D. theses and more than 100 research activities at the Master level (thesis and projects). He became Fellow of the Canadian Economics Association in 2019 and has received numerous awards for his research and teaching including the John S. Bickley Founders Award of the International Insurance Society in 2016.

Preface.- Introduction.- Part 1: History.- Developments in Risk and Insurance Economics: the Past 40 Years.- Part 2 : Risk and Insurance Theory Without Information Problems.- Higher-Order Risk Attitudes.- Non-Expected Utility and the Robustness of the Classical Insurance Paradigm.- The Economics of Optimal Insurance Design.- The Effects of Changes in Risk on Risk Taking: A Survey.- Risk Measures and Dependence Modeling.- The Theory of Insurance Demand.-Prevention and Precaution.- Part 3 : Asymmetric Information: Theory.- Optimal Insurance Contracts under Moral Hazard.- Adverse Selection in Insurance Contracting.- The Theory of Risk Classification.- The Economics of Liability Insurance.- Economic Analysis of Insurance Fraud.- Part 4: Asymmetric Information: Empirical Analysis.- Asymmetric Information in Insurance Markets: Predictions and Tests.- The Empirical Measure of Information Problems with Emphasis on Insurance Fraud and Dynamic Data.- Workers' Compensation: Occupational Injury Insurance's Influence on the Workplace.- Experience Rating in Non-Life Insurance.- Part 5 : Risk Management.- On the Demand for Corporate Insurance - Creating Value.- Managing Catastrophic Risks through Redesigned Insurance: Challenges and Opportunities.- Innovations in Insurance Markets: Hybrid and Securitized Risk-Transfer Solutions.- Risk Sharing and Pricing in the Reinsurance Market.- Part 6 : Insurance Pricing.- Financial Pricing of Insurance.- Insurance Price Volatility and Underwriting Cycles.- Part 7 : Industrial Organization of Insurance Markets.- On the Choice of Organizational Form: Theory and Evidence from the Insurance Industry.- Insurance Distribution.- Corporate Governance in the Insurance Industry: A Synthesis.- Systemic Risk and the Insurance Industry.- Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods.- Capital Allocation and its Discontents.- Capital and RisksInterrelationships in the Life and Health Insurance Industries: Theories and Applications.- Insurance Market Regulation: Catastrophe Risk, Competition, and Systemic Risk.- Insurance Markets in Developing Countries: Economic Importance and Retention Capacity.- Part 8: Health and Long-Term Care Insurance, Longevity Risk, Life Insurance, and Social Insurance.- Health Insurance in the United States.- Longevity Risk and Hedging Solutions.- Long-Term Care Insurance.- New Life Insurance Financial Products.- The Division of Labor Between Private and Social Insurance.