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

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 …

econometric models. Two applications to the choice of automobile insurance contracts and the demand for life insurance are …

Information problems have a large role to play in insurance markets and the regulations governing these markets were in … selection, whereas bonus-malus (or merit-rating) schemes are introduced because risk categories lack homogeneity or fairness and …

In this paper, we propose an empirical analysis of the presence of adverse selection in an insurance market. We first …, accident costs, risk aversion and moral hazard. We then discuss an econometric modeling based on latent variables and we derive …

financing generates a demand for insurance by risk-neutral entrepreneurs. In our model, the entrepreneur needs external … insurance and banking activities are exogenously separated. Finally, we show how are results imply 'induced risk aversion' for … risk-neutral firms and we extend the model to property insurance. …

In this paper, we propose an empirical analysis of the presence of adverse selection in an insurance market. We first …, accident costs, risk aversion and moral hazard. We then discuss an econometric modeling based on latent variables and we derive …

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