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 …

a Principal Set of Distributions for Modeling Insurance Loss Processes. the Gb2 Family Gamma, Encompasses Many Commonly …

-Protection and Market Insurance As Chosen by a Risk Averse Individual. …-Protection Activities, Self-Insurance Activities and Market Insurance: 1- Their Efficiency in Reducing Expected Loss 2- Their Relative Cost … 3- and Their Relative Impact on Risk We Proposed a Methodology to Analyse the 'Risk Factor' Involved in Those Choices …

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 …