In a two-stage model insurance companies first decide upon risk classification and then compete in prices. I show that … insurance market individual application of classification schemes induces welfare losses due to cream skimming. Classification …

This paper demonstrates the existence of adverse selection in the group insurance market with no individual choice. We … provide evidence against the “conventional wisdom” that group insurance mitigates adverse selection because of the mixture of …

This paper compares the shareholder-value-maximizing capital structure and pricing policy of insurance groups against … instruments. We show that using these instruments enables the group to offer insurance with less default risk and at lower … group building being beneficial for shareholders but detrimental for policyholders. -- Insurance groups ; insurer default …

welfare by implementing appropriate tax and subsidy schemes that make insurance more affordable and also lower insurers …

Depending on the point of time and location, insurance companies are subject to different forms of solvency regulation …. In modern regulation regimes, such as the future standard Solvency II in the EU, insurance pricing is liberalized and …, supervisors require the prior approval of policy conditions and insurance premiums, but do not conduct risk-based capital …

des Versicherers berücksichtigt. -- insurance demand ; optimal insurance pricing ; stochastically distributed risk …