For foreign insurers, the Brazilian insurance market may at first seem like a mouthwatering opportunity. But the government’s cautious approach to the opening of the sector and market distortions are[…]
In an opinion piece, Erwann Michel-Kerjan, managing director of Wharton's Risk Management and Decision Processes Center, discusses the need to extend government-funded terrorism risk insurance – but with some market-oriented[…]
On April 10, President Barack Obama released his budget proposal for fiscal 2014, which included a controversial plan to change how Social Security benefits are calculated. Rather than using the[…]
The defining characteristic of future change, according to Nassim Nicholas Taleb, is that it is impossible -- and foolhardy -- to try to predict it. Nonetheless, the dominant impulse among[…]