Vulnerability and mutual insurance

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<abstract displayLabel="Summary">Pertenece a la donación de la biblioteca particular de D. Camilo Pieschacón Velasco Vulnerability comes, according to Orio Giarini, with two risks: human-made risks, also called entrepreneurial risks, and natural or pure risks such as accidents and earthquakes. Both types of risk are growing in dimension and are increasingly interrelated. To control the vulnerability, sophi sticated insurance products are called for. Here, mutual insurance is relevant, in particular when risks are large, probabilities uncertain or unknown, and events interrelated or correlated. In thjs paper the following three examples are discussed and the advantages of mutual insurance are shown: unknown probabilities connected with unforeseeable events, correlated risks and macroeconomic or demographic risks.</abstract>
<note type="statement of responsibility">Roland Eisen</note>
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<title>Geneva papers on risk and insurance : issues and practice</title>
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<publisher>Geneva : The Geneva Association, 1976-</publisher>
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<identifier type="issn">1018-5895</identifier>
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<text>01/04/2021 Volumen 46 Número 2 - abril 2021 , p. 224-225</text>
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