transmission of this information will not cause any concern. Such a form of insurance is based on the principle of mutuality …. Research limitations/implications: Mutuality-based insurance is therefore a path based on solutions of the past (primary forms … of insurance), but at the same time is seen as a response to the lack of adaptation of insurance products to the actual …

How should intermediaries influence the insurance demand decision? The answer must refer to the interdependence of … and by considering individuals' situation and economic circumstances. The economic theory provides determinants that are … essential for the insurance demand decision. Undoubtedly, consumers lack information about certain variables, and therefore …

In this paper, we ask under what conditions norms can enhance welfare by mitigating moral hazard in income insurance … social norms and internalized norms. We study how optimal insurance arrangements, the behavior of insured individuals, and …

Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive … without intermediation. A controversial matter in the discussion concerning insurance intermediation is the issue of … by insurance companies. The rationale for the latter is the fact that a fee paid by uninformed consumers limits the …

Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

The theory of insurance is considered here when an insured individual may be able to sue another party for the losses … that the insured suffered — and thus when an insured has a potential source of compensation in addition to insurance … coverage. Insurance policies reflect this possibility through so-called subrogation provisions that give insurers the right to …

We study an insurance model characterized by a continuum of risk types, private information and a competitive supply …

The use of personalization mechanisms should allow the insurance distributor to reduce exploration costs and adjust the … offered insurance product to the needs, features, and situation of each individual client. This study seeks to examine how … liability should be allocated when the process of the personalization of an insurance product does not result in the client …