New Perspectives on Insurance

Ralph S.J. Koijen, Motohiro Yogo

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


This special issue originates from a dual submission conference with the NBER Insurance Working Group and the Corporate Finance Program in 2020. It brings a broader perspective on important frictions in insurance markets, including trust between insurers and policyholders, conflicts of interest among brokers, suboptimal policyholder behavior, and risk-based capital regulation. Several developments in the economy and the academic literature have provided an impetus for new perspectives, including the growth of savings products with minimum return guarantees, the global financial crisis, and intermediary asset pricing. We conclude with an overview of research questions that are promising for further exploration.

Original languageEnglish (US)
Pages (from-to)5275-5286
Number of pages12
JournalReview of Financial Studies
Issue number12
StatePublished - Dec 1 2022

All Science Journal Classification (ASJC) codes

  • Accounting
  • Finance
  • Economics and Econometrics


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