test how risk management and financial intermediation activities create value for insurers by enhancing economic efficiency …. Insurer cost efficiency is measured relative to an econometric cost frontier. Since the prices of risk management and … cost efficiency. The econometric results show that both activities significantly increase the efficiency of the property …

to mitigate adverse selection and improve insurance market efficiency, but it may have undesirable equity or efficiency … consequences. We employ a canonical screening model of insurance contracting to study these trade-offs in a range of informational … environments, and to understand when efficiency or equity concerns are likely to be particularly important. We also review …

a common concern for road transportation safety and the automobile insurance industry. In both cases, there is an … essential to counteract this public health threat, to assess the success or failure of countermeasures, and to solve the … problems it generates in the insurance industry. This book is for people concerned about road crashes (prevention and …