Insurance and Finance is a research set up by the Geneva Association, also known as the International Association for the Study of Insurance Economics. research on insurance and finance comprises academic and professional research activities in the fields of finance where they are relevant to the insurance and risk management sector. The aim of the research is dedicated to making an original contribution to the progress of insurance through different initiatives in the field of insurance finance. It engages in: highlighting issues of key importance, promoting studies of the function of finance in insurance, discussing the relevance of financial concepts and instruments to the industry, detecting new and promising theoretical developments, and diffusing knowledge and the results of research worldwide.