In the global insurance market, the number of product-specific policies from different companies has increased significantly, and strong market competition has boosted the demand for a competitive premium. Thus, in the present paper, by considering the competition between each pair of insurers,...

Telemonitoring devices can be used to screen consumer characteristics and mitigate information asymmetries that lead to adverse selection in insurance markets. Nevertheless, some consumers value their privacy and dislike sharing private information with insurers. In a second-best efficient...

With more than $50 trillion in assets worldwide, investment funds run by the insurance industry and pension system are one of the most systemically important elements of the global financial system. In March 2014, following the global and euro area financial and economic crises, the European...

China's insurance market is one of the most important emerging markets in the world. With over 1.7 trillion RMB (284 billion USD) in premiums written in 2013, China has become the fourth largest insurance market in the world. Property-liability insurance has a longer history in China and...

The basic aspects of German and Ukrainian insurance markets development are addressed in this paper. Also, their interrelationships are considered based on the forecasting of most relevant descriptions of insurance activity given the time lag. To this end, correlative-regressive analysis is...

I conduct inference on moral hazard in the Italian automobile in-surance market. I disentangle moral hazard from adverse selection and state dependence by exploiting the non-linearities in the penalties across driving records and companies, and a discontinuity in the cost of accidents in the...

This paper characterizes the optimal information structure in insurance markets in the presence of adverse selection. The optimal information structure minimizes ex-post risk subject to a participation constraint for insurees and a break-even constraint from insurers. In the unique optimal...

In the insurance industry, the number of product-specific policies from different companies has increased significantly. The strong market competition has boosted the demand for a competitive premium. In actuarial science, scant literature still exists on how competition actually affects the...

We study how risk management through hedging impacts firms and competition among firms in the life insurance industry - an industry with over 7 Trillion in assets and over 1,000 private and public firms. We show that firms that are likely to face costly external finance increase hedging after...

This work adds to the debate on the determinants of the demand for life insurance providing new insights for the unexplored Romanian market, and the new perspective of spatial econometric analysis. Results show that there are spatial interactions between the Romanian counties regarding the life...