Some Current Insurance Markets Are Troubled by the Presence of Systematic Risk Or by the Inability of the Parties to … Specify the Distribution for Aggregate Loss. Such Circumstances Partly Characterise the Topical "Liability Insurance Crisis … Mutals Appear to Outperform Stock Insurance Companies When There Is Undiversifiable Risk. These Results Represent an …

This Article Investigates the Practice of Experience Rating by Insurance Companies in the Presence of Symmetric … the Insurance Contract. When the Insured Buys Insurance Before Information Is Revealed, He Buys Two Types of Insurance … Second Type of Insurance. However, Information Does Not Always Reduce Welfare. We Show That When the Insured Engages Is …

In This Paper, We Present a Critical Review of the Main Characteristics of the Automobile Insurance Regime in Quebec …, Emphasizing Both the Compensation and the Pricing of Insurance. Moreover, We Present a Recommendation in Order to Improve the …

-formulate our results in an insurance framework and extend the classical result of Arrow [4] and the more recent one of Ghossoub. In …

For Many Years, Economists and Actuaries Have Studied Multiperiod Insurance Contracts Independently and Differently … Results to C Construct a Pricing Formula for Automobile Insurance in the Spirit of Rubinstein-Yaari (1983). …

Although Insurers Face Adverse Selection and Moral Hazard When They Set Insurance Contracts, These Two Types of …