This course provides an introduction to research on the intersection between insurance and financial economics. Starting from what modern insurance companies do and their role in the broader economy, we develop a unifying framework to study the pricing and design of insurance contracts, reinsurance decisions, and asset allocation strategies in equilibrium. In addition to developing the theory, we discuss how to estimate the models and how to use them to answer policy questions.

Course Instructor: Ralph Koijen (University of Chicago, Booth School of Business)

Area: Financial Stability and Macroprudential policy

Level: Intermediate

Target: EIOPA, SSM, SRB, ESRB, EU officials, National Supervisory Authorities, financial stability and research department officers in Central Banks, Ph.D. students, post-doc researchers, assistant professors; private sector economists, professionals in the insurance sector