Narrow search
Showing 1 - 10 of 5,746
Cover Image
Initial premium, aggregate claims and distortion risk measures in XL reinsurance with reinstatements
Campana, Antonella; Ferretti, Paola - Dipartimento di Matematica Applicata, Università Ca' … - 2010
reinstatements in the case in which the aggregate claims are generated by a discrete distribution. In particular, we focus our study … on conditions ensuring feasibility of the initial premium, for example with reference to the limit on the payment of each … claim. Comonotonic exchangeability shows the way forward to a more general definition of the initial premium: some …
Persistent link: https://www.econbiz.de/10008682221
Cover Image
What do distortion risk measures tell us on excess of loss reinsurance with reinstatements ?
Campana, Antonella; Ferretti, Paola - Dipartimento di Matematica Applicata, Università Ca' … - 2008
In this paper we focused our attention to the study of an excess of loss reinsurance with reinstatements, a problem …
Persistent link: https://www.econbiz.de/10005076144
Cover Image
Internationale Vergleiche von Gesundheitssystemen und die Neubestimmung des Leistungskatalogs in der gesetzlichen Krankenversicherung: Was bringt ein Blick über die Grenzen?
Kern, Axel Olaf; Kupsch, Stephan Dieter - 2002
In nahezu allen industrialisierten Ländern besteht der Anspruch, der gesamten Bevölkerung oder zumindest den Mitgliedern der Sozialversicherung alle medizinischen Leistungen zugänglich zu machen, die am Markt verfügbar sind. Dabei müssen die Länder nicht nur Kosten für medizinische...
Persistent link: https://www.econbiz.de/10010291706
Cover Image
The nature of risk preferences: Evidence from insurance choices
Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2011
We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice that incorporates standard risk aversion (concave utility over final wealth), loss aversion, and nonlinear probability weighting. Our estimates indicate that nonlinear...
Persistent link: https://www.econbiz.de/10010292086
Cover Image
Accounting for non-annuitization
Pashchenko, Svetlana - 2010
Why don't people buy annuities? Several explanations have been provided by the previous literature: large fraction of preannuitized wealth in retirees' portfolios; adverse selection; bequest motives; and medical expense uncertainty. This paper uses a quantitative model to assess the importance...
Persistent link: https://www.econbiz.de/10010292112
Cover Image
The endowment effect, status quo bias and loss aversion: Rational alternative explanation
Dupont, Dominique Y.; Lee, Gabriel S. - 2001
The endowment effect, status quo bias, and loss aversion are robust and well documented results from experimental psychology. They introduce a wedge between the prices at which one is willing to sell or buy a good. The objective of this paper is to address this wedge. We show that the presence...
Persistent link: https://www.econbiz.de/10010292793
Cover Image
Testing for adverse selection into private medical insurance
Olivella, Pau; Vera-Hernandez, Marcos - 2006
We develop a test for adverse selection and use it to examine private health insurance markets. In contrast to earlier papers that consider a purely private system or a system in which private insurance supplements a public system, we focus our attention on a system where privately funded health...
Persistent link: https://www.econbiz.de/10010292988
Cover Image
Social learning and health insurance enrollment: Evidence from China's New Cooperative Medical Scheme
Liu, Hong; Sun, Qi; Zhao, Zhong - 2013
This paper examines the role of social learning in household enrollment decisions for the New Cooperative Medical Scheme in rural China by estimating a static game with incomplete information. Using a rich dataset from the China Health and Nutrition Survey, we find that the social network...
Persistent link: https://www.econbiz.de/10010293126
Cover Image
The effect of policyholders' rationality on unit-linked life insurance contracts with surrender guarantees
Li, Jing; Szimayer, Alexander - 2010
We study the valuation of unit-linked life insurance contracts with surrender guarantees. Instead of solving an optimal stopping problem, we propose a more realistic approach accounting for policyholders’ rationality in exercising their surrender option. The valuation is conducted at the...
Persistent link: https://www.econbiz.de/10010293371
Cover Image
Charity hazard : A real hazard to natural disaster insurance?
Raschky, Paul A.; Weck-Hannemann, Hannelore - 2007
After the flooding in 2002 European governments provided billions of Euros of financial assistance to their citizens. Although there is no doubt that solidarity and some sort of assistance is reasonable, the question arises why these damages were not sufficiently insured. One explanation why...
Persistent link: https://www.econbiz.de/10010293403