Developing a Policy for Risk Classification in Competitive Insurance Markets PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Developing a Policy for Risk Classification in Competitive Insurance Markets PDF full book. Access full book title Developing a Policy for Risk Classification in Competitive Insurance Markets by Analysis and Inference, Inc. Download full books in PDF and EPUB format.
Author: Analysis and Inference, Inc
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Analysis and Inference, Inc
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Vitor Farinha Luz
Publisher:
ISBN:
Category : Information theory in economics
Languages : en
Pages : 54
Get Book Here
Book Description
This paper studies a competitive model of insurance markets in which consumers are privately informed about their risk and risk preferences. We provide a tractable characterization of equilibria, which depend non-trivially on consumers' type distribution, a desirable feature for policy analysis. The use of consumer characteristics for risk classification is modeled as the disclosure of a public informative signal. A novel monotonicity property of signals is shown to be necessary and sufficient for their release to be welfare improving for almost all consumer types. We also study the effect of changes to the risk distribution in the population as the result of demographic changes or policy interventions. When considering the monotone likelihood ratio ordering of distributions, an increase in the risk distribution leads to lower utility for almost all consumer types. In contrast, the effect is ambiguous when considering the first order stochastic dominance ordering.
Author: Institute of Medicine
Publisher: National Academies Press
ISBN: 0309048273
Category : Medical
Languages : en
Pages : 381
Get Book Here
Book Description
The United States is unique among economically advanced nations in its reliance on employers to provide health benefits voluntarily for workers and their families. Although it is well known that this system fails to reach millions of these individuals as well as others who have no connection to the work place, the system has other weaknesses. It also has many advantages. Because most proposals for health care reform assume some continued role for employers, this book makes an important contribution by describing the strength and limitations of the current system of employment-based health benefits. It provides the data and analysis needed to understand the historical, social, and economic dynamics that have shaped present-day arrangements and outlines what might be done to overcome some of the access, value, and equity problems associated with current employer, insurer, and government policies and practices. Health insurance terminology is often perplexing, and this volume defines essential concepts clearly and carefully. Using an array of primary sources, it provides a store of information on who is covered for what services at what costs, on how programs vary by employer size and industry, and on what governments doâ€"and do not doâ€"to oversee employment-based health programs. A case study adapted from real organizations' experiences illustrates some of the practical challenges in designing, managing, and revising benefit programs. The sometimes unintended and unwanted consequences of employer practices for workers and health care providers are explored. Understanding the concepts of risk, biased risk selection, and risk segmentation is fundamental to sound health care reform. This volume thoroughly examines these key concepts and how they complicate efforts to achieve efficiency and equity in health coverage and health care. With health care reform at the forefront of public attention, this volume will be important to policymakers and regulators, employee benefit managers and other executives, trade associations, and decisionmakers in the health insurance industry, as well as analysts, researchers, and students of health policy.
Author: irene luperto
Publisher:
ISBN:
Category :
Languages : en
Pages : 26
Get Book Here
Book Description
The first part of this paper deals with a review of the traditional theory outlining the possible role of risk classification as a remedy to asymmetric information problems that characterized the insurance market. Then, as opposed to the traditional quot;staticquot; risk classification, we consider what we call quot;dynamicquot; risk classification involving a consideration of variables of different quality. We particularly refer to the recent trend in considering variables relative to the life, the experience, the behaviour, and the history of the insured individuals. The increasing use of risk classification and its development is also directly related to competition on the market and the liberalisation process of the Italian motor liability insurance market had important effects on how the insurance companies structure the policies using an increasing quantity of variables to classify the customers. Finally, in the third part, we propose an economic analysis of the problem of the efficient implementation of the new quot;dynamicquot; risk classification, and the consequent customer segmentation, with specific reference to the case of an Italian insurance company.
Author:
Publisher:
ISBN: 9780262270182
Category : Health insurance
Languages : en
Pages :
Get Book Here
Book Description
Author: Severin Borenstein
Publisher:
ISBN:
Category : Risk (Insurance)
Languages : en
Pages :
Get Book Here
Book Description
Author: Pierpaolo Marano
Publisher: Springer Nature
ISBN: 3030527387
Category : Bank marketing
Languages : en
Pages : 439
Get Book Here
Book Description
This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation offers the first comprehensive legal and regulatory analysis of the Insurance Distribution Directive (IDD). The IDD came into force on 1 October 2018 and regulates the distribution of insurance products in the EU. The book examines the main changes accompanying the IDD and analyses its impact on insurance distributors, i.e., insurance intermediaries and insurance undertakings, as well as the market. Drawing on interrelations between the rules of the Directive and other fields that are relevant to the distribution of insurance products, it explores various topics related to the interpretation of the IDD - e.g. the harmonization achieved under it; its role as a benchmark for national legislators; and its interplay with other regulations and sciences - while also providing an empirical analysis of the standardised pre-contractual information document. Accordingly, the book offers a wealth of valuable insights for academics, regulators, practitioners and students who are interested in issues concerning insurance distribution.--
Author: Mark V. Pauly
Publisher: American Enterprise Institute
ISBN: 9780844741192
Category : Business & Economics
Languages : en
Pages : 120
Get Book Here
Book Description
Uncertainty about risks to health virtually requires that people have health insurance. But how is the cost of premiums determined? Should rates vary according to some indicators of risk? How much do premiums vary with risk? Do the young and the healthy actually subsidize the old and the unhealthy?
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292622668
Category : Business & Economics
Languages : en
Pages : 93
Get Book Here
Book Description
Disasters damage and destroy infrastructure and disrupt economic activities and services, potentially delaying long-term development and hampering efforts to reduce poverty in the region. Countries require a strong enabling environment for disaster risk financing to ensure the timely availability of post-disaster funding. This report presents a comprehensive diagnostics tool kit that countries can apply to assess the financial management of disaster risk. The framework examines the state of the enabling environment and provides a basis to enhance financial resilience with insurance and other risk transfer instruments. It incorporates lessons from the country diagnostics assessments for Fiji, Nepal, Pakistan, and Sri Lanka that made use of the tool kit and methodology.
Author: Felix Hufeld
Publisher: Oxford University Press
ISBN: 0198788819
Category : Business & Economics
Languages : en
Pages : 247
Get Book Here
Book Description
The book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create.
