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We study optimal risk adjustment in imperfectly competitive health insurance markets when high-risk consumers are less likely to switch insurer than low-risk consumers. First, we find that insurers still have an incentive to select even if risk adjustment perfectly corrects for cost differences...
Persistent link: https://www.econbiz.de/10013123527
This study uses game theory to consider the impact of loss control (LC) and monitoring costs on insurers' monitoring …
Persistent link: https://www.econbiz.de/10013106626
solvency regulation allowing insurer default or limited liability in the most catastrophic states is Pareto improving. We use a …This paper provides a welfare analysis of solvency regulation for catastrophe insurance. We consider an economy with …
Persistent link: https://www.econbiz.de/10012824092
Solvency II is a new regime for the prudential regulation of European insurance companies that will come into force on …
Persistent link: https://www.econbiz.de/10013020827
Under the influence of climate-related extremes, the world is exposed to more and more catastrophe risks. Regulation by … catastrophe insurers in five countries: U.K., U.S., France, Japan, and Turkey. I find that regulation by catastrophe insurance … could have a significant effect on risk mitigation. Finally, I discuss the possibility and feasibility of regulation by …
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Protection of creditors is a key objective of financial regulation. Where the protection needs are high, i.e., in …
Persistent link: https://www.econbiz.de/10012614561
macroprudential insurance regulation. …
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