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Intermediation and matching in insurance markets
Focht, Uwe; Richter, Andreas; Schiller, Jörg - 2009
Persistent link: https://www.econbiz.de/10003856618
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Risiko und Versicherungstechnik : eine ökonomische Einführung
Karten, Walter; Nell, Martin; Richter, Andreas; … - 2018
Persistent link: https://www.econbiz.de/10011438151
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Intermediation and matching in insurance markets
Focht, Uwe; Richter, Andreas; Schiller, Jörg - 2009
This paper addresses the role of independent insurance intermediaries in markets where matching is important. A controversial matter in the discussion concerning insurance interme- diation is the issue of compensation customs and how the latter affect prices, rents and advice quality in...
Persistent link: https://www.econbiz.de/10010485386
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Intermediation and (Mis-)Matching in Insurance Markets – Who Should Pay the Insurance Broker?
Focht, Uwe - 2012
This article addresses the role of independent insurance intermediaries in markets where matching is important. We compare fee-based and commission-based compensation systems and show that they are payoff equivalent if the intermediary is completely honest. Allowing for strategic behavior, we...
Persistent link: https://www.econbiz.de/10013117058
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Ambiguity Aversion in Competitive Insurance Markets with Asymmetric Information
Peter, Richard - 2019
We analyze the effect of ambiguous loss probabilities on competitive insurance markets with asymmetric information. We characterize equilibria under actuarially fair pricing with preferences that are second-order ambiguity averse (have smooth indifference curves). We also show existence of...
Persistent link: https://www.econbiz.de/10012890730
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Yes, No, Perhaps? - Premium Risk and Guaranteed Renewable Insurance Contracts with Heterogeneous Incomplete Private Information
Peter, Richard - 2017
The article shows that heterogeneous incomplete private information can explain the limited existence of guaranteed renewable health insurance (GR) contracts in an otherwise frictionless markets. We derive a unique equilibrium that can be of the form that either only a portion of the population...
Persistent link: https://www.econbiz.de/10012975543
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Risiko und Versicherungstechnik : Eine ökonomische Einführung
Karten, Walter; Nell, Martin; Richter, Andreas; … - 2018
Dieses Buch gibt Studierenden der Wirtschaftswissenschaften sowie Praktikern aus der Versicherungswirtschaft eine … Versicherungswissenschaft. Professor Dr. Martin Nell† war geschäftsführender Direktor des Instituts für Versicherungsbetriebslehre der … München. Professor Dr. Jörg Schiller ist Inhaber des Lehrstuhls für Versicherungswirtschaft und Sozialsysteme an der …
Persistent link: https://www.econbiz.de/10014020032
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Catastrophe index-linked securities and reinsurance as substitutes
Nell, Martin - 2000
Persistent link: https://www.econbiz.de/10013444415
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When prices hardly matter : incomplete insurance contracts and markets for repair goods
Nell, Martin; Richter, Andreas; Schiller, Jörg - 2005
This paper locks at markets charaterized by the fact that the demand side is insured. In these markets a consumer purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most lines of insurance base indemnity on the insured's...
Persistent link: https://www.econbiz.de/10009389462