Abstract:
Numerous empirical studies have conclusively demonstrated that
nations of any socioeconomic level that expand their insurance
industries are more successful in fostering stronger long-term economic
growth and development, in a quicker and less volatile manner
(Outreville, 1990; Han et al., 2010; Pradhan et al., 2015). Income, life,
and equity protection are among the benefits of insurance, which is
viewed as a crucial component in today's globalized economic systems.
Insurance also benefits gross capital formation, total productivity, public
spending, foreign direct investment, trade opening, and financial
development (Apergis & Poufinas, 2020). Recent legislative reforms and
heightened awareness of the various sources of uncertainty that affect
the operations of insurance and pension funds have increased interest
in insurance risk management theory and practice. In light of this, this
Special Issue compiles pertinent essays on a range of topics including
longevity risk modeling, solvency requirements, risk management, and
risk sharing. To help readers manage financial and actuarial risks when
making an investment or business-related decisions, this book aims to
address some of the most common problems that people and businesses
encounter. Only nine excellent submissions were chosen from a huge
number to make up this edition.
