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 …

We discuss the existence of a pooling equilibrium in a two-period model of an insurance market with asymmetric …

form of an insurance contract to impose partial insurance of the low risks. This paper contributes to the discussion on … optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a … positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance …

correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …

objectives through the provision of (catastrophic) natural hazard insurance. This is the case of many OECD countries, notably … hazard insurance develop. This paper has a dual objective: 1) review the complex legal background that rules the provision of … insurance against natural catastrophes in the EU after these major reforms; 2) assess the implications of the reforms and offer …

India's insurance sector has been growing dynamically in the last couple of years. Despite the suite of reforms that … have been implemented to stoke the sector's growth, it still has a long way to go, as its share in the global insurance … market remains abysmally low. In this paper, we analyse the Indian insurance sector and trace its evolution and growth. We …

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 …