How should intermediaries influence the insurance demand decision? The answer must refer to the interdependence of … and by considering individuals' situation and economic circumstances. The economic theory provides determinants that are … essential for the insurance demand decision. Undoubtedly, consumers lack information about certain variables, and therefore …

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 …

were not sufficiently insured. One explanation why individuals reject to obtain insurance cover against natural hazards is … theoretical analysis and points out the existing empirical problems regarding this issue. -- natural hazard insurance ; market …

This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy … trusting plays an important role. Trust is clearly associated with greater willingness to pay for insurance. Unlike in previous … of breach is negligible. However, as for much B2C insurance marketing, face-to-face selling plays a crucial role in our …

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

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 …

beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and then summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

consumer lending and credit insurance was justified. This case has wide regulatory implications following international … concerns that the sale of credit insurance has been detrimental to customers due to overpriced credit insurance and a possible … cross subsidy from credit insurance to unsecured lending. To explore this issue a theoretical model is developed considering …

A key feature of insurance markets is that the cost of selling insurance policies is contingent upon not only the … number of policies sold but to whom they are sold. This differentiates insurance markets from conventional markets and admits … categorization data for the Washington state non-standard private passenger automobile liability insurance market. This unique data …