Most insurance companies publish few data on the occurrence and detection of insurance fraud. This stands in contrast … uncertainty about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance …

We study mutual-aid games in which individuals choose to contribute to an informal mutual insurance pool. Individual … the (ex ante) efficiency of equal and contribution-based coverage. The equal coverage mechanism leads to a unique no-insurance … derived in the theory. This results in asymmetric outcomes with a majority of high contributors less than fully reimbursing …

This paper studies the set of Pareto optimal insurance contracts and the core of an insurance game. Our setting allows … shape of the indemnities. Closed-form and numerical solutions are found for various preferences that the insurance players …, i.e. there is some uncertainty with the risk model and/or the insurance players make decisions based on divergent …

Most insurance companies publish few data on the occurrence and detection of insurance fraud. This stands in contrast … uncertainty about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance …