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Adverse Selection in Reinsurance Markets
Garven, James R. - 2014
Association of Insurance Commissioners (NAIC) during the period 1993-2012. We find that the amount of reinsurance, insurer …
Persistent link: https://www.econbiz.de/10013067546
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Life Reinsurance Under Perfect and Asymmetric Information
Chen, An; Hinken, Maria; Shen, Yang - 2023
This paper studies life reinsurance as a solution to default risk in equity-linked life insurance products with surplus … reinsurer and the insurer. In both cases, we analyze the existence of proportional reinsurance and the impact of the insurer …’s investment strategies on optimal reinsurance. We find that the more risky the insurer’s investment portfolio is, the more risk …
Persistent link: https://www.econbiz.de/10014350870
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Information from Relationship Lending : Evidence from Loan Defaults in China
Chang, Chun - 2014
Using a proprietary database from a large Chinese state-owned bank, we examine whether information evolved from banking relationships predicts commercial loan default by industrial firms. We find that the bank's relationship information is significantly linked to the incidence of default, and...
Persistent link: https://www.econbiz.de/10013063634
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The endowment effect, status quo bias and loss aversion : rational alternative explanation
Dupont, Dominique Y.; Lee, Gabriel S. - 2001
The endowment effect, status quo bias, and loss aversion are robust and well documented results from experimental psychology. They introduce a wedge between the prices at which one is willing to sell or buy a good. The objective of this paper is to address this wedge. We show that the presence...
Persistent link: https://www.econbiz.de/10009724431
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Does adverse selection matter? : Evidence from a natural experiment
Grönqvist, Erik (contributor) - 2004 - [Elektronische Ressource]
The empirical evidence of adverse selection in insurance markets is mixed. The problem in assessing the extent of adverse selection is that private information, on which agents act, is generally unobservable to the researcher, which makes it difficult to distinguish between adverse selection and...
Persistent link: https://www.econbiz.de/10002570039
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Insurance for catastrophes - indemnity vs. parametric insurance with imperfect information
Feess, Eberhard; Jordan, Cathrin; Noy, Ilan - 2022
Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without intense government intervention, and even then it is often only a minority of properties or businesses that are insured. Efforts to close this insurance gap include the introduction...
Persistent link: https://www.econbiz.de/10013093046
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Moral Hazard and Advantageous Selection in Private Disability Insurance
Soika, Sebastian - 2017
We analyse asymmetric information in private long-term disability insurance. Using the elimination period as a measure of coverage, we examine the correlation between risk and coverage. Our unique data set includes both group and individual insurance. We are thus able to disentangle moral hazard...
Persistent link: https://www.econbiz.de/10012971411
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The Effect of Information Disclosure on Demand for High-Load Insurance
Ragin, Marc A. - 2020
Economists, regulators, and consumer protection agencies have highlighted the welfare losses for consumers who purchase high-load insurance against modest stakes risks. Mandatory information disclosure is a potentially attractive public policy tool that might improve consumers' choices, but has...
Persistent link: https://www.econbiz.de/10012850466
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Dynamic Epidemiology : Spillovers from Limited Commitment and Private Information
Dixit, Shiv - 2020
Can variations in immunization rates be accounted for by differences in information and commitment technologies? I document four salient facts regarding DPT vaccination rates: (i) lower immunization in countries with greater costs of contract enforcement, (ii) higher volatility in immunization...
Persistent link: https://www.econbiz.de/10012853602
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A Review of Recent Theoretical and Empirical Analyses of Asymmetric Information in Road Safety and Automobile Insurance
Dionne, Georges - 2012
Road safety policies and automobile insurance contracts often use incentive mechanisms based on traffic violations and accidents to promote safe driving. Can these mechanisms improve road safety efficiently? Do they reduce asymmetric information between drivers and insurers and regulators? In...
Persistent link: https://www.econbiz.de/10013111921