A simple formula for non-discriminatory insurance pricing is introduced. This formula is based on the assumption that … certain individual (discriminatory) policyholder information is not allowed to be used for insurance pricing. The suggested …

This paper studies insurance demand for individuals with limited financial literacy. We propose uncertainty about … insurance payouts, resulting from contract complexity, as a novel channel that affects decision-making of financially illiterate … individuals. Then, a trade-off between second-order (risk aversion) and third-order (prudence) risk preferences drives insurance …

and economists, yet it has far-reaching implications for insurance law: loss-creation by uninsured parties caused by the … presence of insurance. Contrary to the conventional wisdom, we show that insurance can create significant negative … insureds or insurers. Moreover, as the amount and scope of insurance grows, so does its distortionary effect on third parties …

Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive … without intermediation. A controversial matter in the discussion concerning insurance intermediation is the issue of … by insurance companies. The rationale for the latter is the fact that a fee paid by uninformed consumers limits the …