Global diversification of financial institutions, including the insurance sector, has proven beneficial to many … distribution channels. This paper aims to critically evaluate the liberalisation process of India's insurance sector and the impact … it has had on the sector, both life and non-life segments. As India is in the process of opening its insurance sector to …

We examine equilibria in competitive insurance markets with adverse selection when wealth differences arise … ceteris paribus exhibit the lower marginal willingness to pay for insurance than low risks, a phenomenon that we refer to as … risks, a phenomenon frequently observed in empirical studies. -- Insurance Markets ; Adverse Selection ; Multidimensional …