Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2011 Update

Abstract

This article summarizes the results of the 2011 Risk Premium Project (RPP) continual update. The aim of RPP is to review the actuarial and finance literature on the theory and empirics of risk assessment for property–casualty insurance. We find that behavioral insurance and new instruments of alternative risk transfer are popular fields of research in nonlife insurance. Capital allocation and enterprise risk management, too, are currently very important research topics. Moreover, the financial crisis has stimulated new work on corporate governance and insurance.

Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2014 Update

“…RPP has received a great deal of attention from both CAS members and the nonlife insurance community, evidenced by the frequent visits to the RPP webpage (http://www.casact.org/rpp2) since January 2011. Thus, COTOR has conducted RPP updates yearly since 2012 (see Biener and Eling, ; Biener et al., ; Eling, ). The annual RPP updates have two core elements: (1) an update of the RPP literature collection (bibliography database), which provides up‐to‐date knowledge on and techniques for nonlife risk assessment, and (2) the annual update report, which structuralizes and synthesizes new knowledge and techniques, thus highlighting and analyzing important developments in nonlife risk assessment.…”

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

“…The growth of research in finance and actuarial science led to a follow‐up review of research between 2000 and 2010, culminating in RPP II (see Eling and Schmeiser, ). Since then, RPP has issued annual updates of the literature review and research findings (see Eling, and Biener and Eling, , for the 2011 and 2012 review), which are also summarized in a database available at http://www.casact.org/rpp2.…”

Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2012 Update

“…Due to the vast development of research in both finance and actuarial science, RPP II was conducted to review the research from 2000 to 2010 (Eling and Schmeiser, ). Since then, yearly updates of the literature review have been provided (see Eling, , for the 2011 review). Moreover, a database summarizing all research findings is provided online at http://www.casact.org/rpp2.…”