Risk and Insurance Economics

Dear Colleagues,

Insurance, the primary means by which households and firms manage risk, has entered an era of unprecedented change in both insurance markets and the sources of risk being insured. The digitalization of insurance, through machine learning, artificial intelligence, robotic process automation, IoT and other data management technologies is fundamentally changing pricing, underwriting, risk analysis and the structure of insurance contracts. Entry by fintech firms and the increasing presence of government are having a profound influence on insurance market structure, competition and efficiency. The prediction of consumer behavior has been transformed by new approaches to analyzing decision-making under risk. The demand for insurance against pandemic diseases and the increasing number of natural catastrophes arising from climate change, urbanization and the development of disaster-prone regions has increased dramatically and is prompting innovations in terms of coverage, claims management and the transfer of risk through reinsurance and securitization. 

This Special Issue focuses on research into these topics and a broad range of other emerging issues in risk management and insurance. It welcomes empirical and theoretical as well as policy- and industry-oriented submissions that offer novel and significant results to a broad audience of researchers, policymakers and members of the industry. Papers on a wide range of topics will be considered, including but not limited to the following:

• The effects of digital technologies on insurance pricing, underwriting and contracts;
• Parametric, peer-to-peer and other innovations in insurance provision;
• Competition and efficiency effects of market entry by fintech firms;
• Cyber insurance and issues with cyber as an insurable risk;
• Insuring climate change risk;
• Insuring pandemic risk;
• The effects of public disaster aid on markets for disaster coverage;
• Regulatory restrictions on insurance pricing and market entry and exit;
• Insurance and reinsurance capacity and the effect of insurance-linked securities;
• Competition and efficiency in disaster insurance markets in the presence of public insurance pools;
• Estimating and backtesting risk under heavy tails;
• Insurance market development and penetration in emerging economies.

Prof. Dr. David Nickerson
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

• AI
• capacity
• catastrophe
• claims management
• climate change
• cyberinsurance
• digitalization
• fintech
• heavy tails
• insurance-linked securities
• market structure
• pandemic
• parametric insurance
• pricing
• regulations
• risk estimation
• solvency risk