Essays On Insurance
DOWNLOAD
Download Essays On Insurance PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Essays On Insurance book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Essays On Insurance And Taxation
DOWNLOAD
Author : Marika Ilona Cabral
language : en
Publisher: Stanford University
Release Date : 2011
Essays On Insurance And Taxation written by Marika Ilona Cabral and has been published by Stanford University this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This dissertation consists of four distinct essays. In an essay entitled "Claim Timing and Ex Post Adverse Selection: Evidence from Dental 'Insurance, ' " I explore the impact of strategic timing on insurance market allocations. If people can delay a claim just long enough to buy more insurance coverage in anticipation of it, severe adverse selection may result, and in extreme cases, this can lead to the complete unraveling of an insurance market. I study these forces by analyzing dental treatments and insurance, with the goal of understanding insurance in the market for dental care and also revealing lessons that apply to insurance markets more broadly. Using rich claim-level data from a large firm, my analysis reveals that the strategic delay of treatment and the associated adverse selection may be an important factor in explaining why so few people have dental coverage in the US and why typical dental "insurance" contracts provide so little insurance. More generally, my results suggest that insurance products without contract features designed to limit coverage for strategically delayed costs (e.g., open-enrollment periods, pricing pre-existing conditions) may generate unraveling. An essay entitled "The Hated Property Tax: Salience, Tax Rates, and Tax Revolts" (with Caroline Hoxby), explores the relationship between the salience of the property tax and observed property tax rates. We hypothesize that high salience explains the unpopularity of the property tax, the level of the property tax, and prevalence of property tax revolts. To identify variation in the salience of the property tax over local jurisdictions and over time, we exploit conditionally random variation in tax escrow, a method of paying the property tax that makes it much less salient. We find that areas in which the property tax is less salient are areas in which property taxes are higher and property tax revolts are less likely to occur. In an essay entitled "Private Coverage and Public Costs: Identifying the Effect of Private Supplemental Insurance on Medicare Spending" (with Neale Mahoney), we explore the impact of private supplemental insurance on Medicare spending. Private supplemental insurance to "fill the gaps" of Medicare, known as Medigap, is very popular. We estimate the impact of this supplemental insurance on total medical spending using an instrumental variables strategy that leverages discontinuities in Medigap premiums at state boundaries. Our estimates suggest that Medigap increases medical spending by 57 percent---or about 40 percent more than previous estimates suggest. Back-of-the-envelope calculations indicate that a 20 percent tax on premiums would generate combined revenue and savings of 6.2 percent of Medicare baseline costs. An essay entitled "The Effect of Insurance Coverage on Preventive Care" (with Mark Cullen), explores the effect of insurance coverage on preventive care utilization. Using health insurance claims data from a large company, this paper examines the implementation of an insurance benefit design which differentially increased the marginal price of curative care (non-preventive care) while decreasing the marginal price of prevention. We examine the effect of the differential price change on the use of preventive procedures. We reveal evidence consistent with an important negative cross-price effect; that is, increases in the price of curative care can depress preventive care utilization.
Essays On Insurance Intermediaries
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2014
Essays On Insurance Intermediaries written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This dissertation consists of two essays. In the first essay, I investigate the effect major catastrophes are expected to have on equilibrium price and quantity in the insurance market. In particular, I examine whether investors expect total industry revenue to increase following a disaster's shock to insurers' financial capital. Rather than examine insurers directly, I study insurance brokers, who earn commissions on premium revenue but do not pay losses following a disaster. My test is done through an event study on insurance broker stock returns surrounding the 43 largest insured-loss catastrophes since 1970. I find that brokers earn positive returns on average following these major events. I further observe that returns are positively related to the size of the loss and negatively related to relative insurer capital known at the time of loss. These results lead me to conclude that catastrophe shocks are expected to increase net industry revenue, consistent with economic theories of a negative relationship between capital and insurance prices and price-inelastic demand for commercial insurance. In the second essay, I examine how additional information may affect demand for high-load insurance. High-load insurance is expensive relative to the expected risk transfer it provides. These products often are criticized for the large profits they generate at the expense of potentially uninformed consumers. One of the more common proposals to address this issue is to disclose more information with regards to these products. There remains a question as to whether additional information would help consumers make more economically rational choices. In addition, there is not wide agreement as to what information might be best to disclose. In light of existing models of insurance demand, I theorize that disclosing (1) the true probability of loss, (2) the expected loss or "cost of goods sold" of the insurance, or (3) the insurer's profit on the transaction may change purchasing behavior. I conduct a lab experiment to test the effect of each of these disclosures and ultimately find that none has any significant effect on willingness to pay.
Essays On Insurance Economics
DOWNLOAD
Author : Ruo Jia
language : en
Publisher:
Release Date : 2016
Essays On Insurance Economics written by Ruo Jia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This dissertation consists of four essays on insurance economies. It aims to answer questions in the fields of insurance transactions (Essays I and IV) as well as insurance operations and strategies (Essays II and III). These questions are relevant both to the insurance academic community and to the insurance industry. The methodologies explored in the dissertation are mainly empirical economics including multivariate regressions, data envelopment analyses, among others. The first essay, "Between-group adverse selection: Evidence from group critical illness insurance", demonstrates the presence of adverse selection in the group insurance market even if individual choices are not allowed. It shows that group insurance alone is not effective enough to eliminate adverse selection, i.e., between-group adverse selection exists, which, however, disappears over time if the group renews with the same insurer for a certain period. The results thus indicate that experience rating and underwriting based on information that insurers learn over time are important in addressing adverse selection. The second essay, "The structure of the global reinsurance market: An analysis of efficiency, scale, and scope", uses a multidimensional data envelopment analysis to study economies of scale, economies of scope, and cost efficiency in the reinsurance industry. Reinsurers with total assets less than USD 2.9 billion exhibit scale economies, while those with assets greater than USD 15.5 billion do not. Large reinsurers are characterized by high cost efficiency. Small reinsurers exhibit superior efficiency when they are specialized. The third essay, "Internationalization and performance: The role of industry context and cost efficiency", analyzes the impact of globalization strategies (inter-regional internationalization) on insurers' performance and show that the impact is different for life and nonlife insurers. It introduces the cost efficiency to expl.
Essays On Insurance Economics
DOWNLOAD
Author : Hong Wu
language : en
Publisher:
Release Date : 2002
Essays On Insurance Economics written by Hong Wu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Insurance categories.
Three Essays In Insurance
DOWNLOAD
Author : Mattias Kurt Polborn
language : en
Publisher:
Release Date : 1998
Three Essays In Insurance written by Mattias Kurt Polborn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Insurance Risk Management And Public Policy
DOWNLOAD
Author : Sandra G. Gustavson
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Insurance Risk Management And Public Policy written by Sandra G. Gustavson and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Five years ago the world lost one of its most prolific insurance scholars, Dr. Robert I. Mehr. His death in 1988 signalled the passing of not only a gifted writer and researcher, but also a pioneering teacher, mentor, and friend. The essays compiled within this volume are intended as an appropriate tribute to this occasionally outrageous individual who touched the lives of so many within the insurance community. Bob Mehr was a teacher who expected and demanded nothing less than perfect scholarship and flawless, efficient writing. Among alumni of the University of lllinois insurance doctoral program, stories still abound of late night and early morning sessions in which students and professor painstakingly debated precise words and phrases for dissertations, journal articles, and textbooks. Bob's respect for language was both immense and contagious, if at times more than a little compulsive. He joked that he could not read letters or novels without pencil in hand for editing. Bob's respect for his doctoral students was equally evident. The confidence he displayed in his students' abilities was sometimes startling, but "competence assumed" often begot "competence in fact." The accomplishments and records amassed by the many who studied with Bob Mehr are impressive and ongoing. On the dedication page in his final textbook, Fundamentals of Insurance, Bob spoke of his affection for those he called his "academic progeny" and wished them happiness as they build their own academic families.
Essays On Insurance Demand And Pricing Under Default Risk
DOWNLOAD
Author : Lukas Reichel
language : en
Publisher:
Release Date : 2019
Essays On Insurance Demand And Pricing Under Default Risk written by Lukas Reichel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Paper I, 'The Liability Regime of Insurance Pools and Its Impact on Pricing', addresses the pricing of insurance premiums for specific forms of risk sharing in the insurance industry. The implicit diversification effect from this risk sharing on the default risk is discussed in connection with a possible joint liability of the co-insurers. The discussion focuses in particular on the risk-adequate premium in a contingent claims approach under various premises, which incidentally reflects the varying effectiveness of the joint liability mechanism to protect the policyholder from the adverse consequences of insolvencies in the risk sharing arrangement. Paper II, 'Sometimes More, Sometimes Less: Prudence and the Diversification of Risky Insurance Coverage', considers in a three-state model the optimal level of insurance coverage for a risk-averse policyholder who can split by assumption the insurance policy, and hence the default risk, between several insurance companies. The results indicate whether more diversification by an increased number of insurers entails normatively more or less insurance coverage and how this depends on the insurers' default correlation as well as the policyholder's degree of prudence. Given a model with a continuous loss distribution, Paper III, 'Optimal Management of Counterparty Risk in Reinsurance Contracts', derives optimal strategies for a risk-averse primary insurer to manage the counterparty risk in reinsurance contracts. The range of strategies comprises explicit hedging, diversification with two reinsurers, or a mixture of both. In view of the trade-off between costs and security the results suggest a layering of the reinsurance coverage with a layer-specific application of the different risk management instruments. While Paper II and III rest on the assumption of a non-stochastic loss given default, Paper IV, 'Tailing the Tail: Insurance Demand, Default Risk, and a Random Loss Given D.
Situation Essays On Insurance In Sri Lanka
DOWNLOAD
Author : Wimal Wickramasinghe
language : en
Publisher:
Release Date : 2008
Situation Essays On Insurance In Sri Lanka written by Wimal Wickramasinghe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Insurance categories.
Essays On Insurance Policyholder Behavior A Behavioral Economics Perspective
DOWNLOAD
Author : Christian Knoller
language : de
Publisher: VVW GmbH
Release Date : 2013
Essays On Insurance Policyholder Behavior A Behavioral Economics Perspective written by Christian Knoller and has been published by VVW GmbH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Law categories.
Die Arbeit erscheint in englischer Sprache. Dieses Buch zeigt anhand von drei Forschungsprojekten, dass verhaltensökonomische Forschungsansätze dazu beitragen können, bisher unerklärtes Verhalten auf Versicherungsmärkten besser zu verstehen. Das erste Projekt liefert anhand einer experimentellen Untersuchung einen wichtigen Beitrag zur Lösung des in der Wissenschaft intensiv diskutierten 'Annuity Puzzle', also der Frage, warum in vielen Versicherungsmärkten nur sehr wenige Menschen private Rentenversicherung nachfragen. Anhand einer empirischen Untersuchung des Stornoverhaltens von Versicherungsnehmern für ein Variable Annuity Produkt in Japan wird gezeigt, dass die finanzwissenschaftliche Ausbildung ('Financial Literacy') des Versicherungsnehmers das Verständnis für den Wert der im Vertrag enthaltenen Optionen und damit auch das Stornoverhalten beeinflussen kann. Das dritte Projekt untersucht die Nachfrage nach Zusatzdeckung gegen Naturkatastrophenschäden anhand des Hausratversicherungsportfolios eines deutschen Versicherungsunternehmens. Viele Versicherungsnehmer scheinen ihre Gefährdung für Hochwasserschäden eher gering einzuschätzen. Die Untersuchung liefert jedoch Hinweise, dass Versicherungsvermittler in der Lage sind, die Versicherungsnehmer bei der Analyse ihrer Gefährdungssituation zu unterstützen. Die Arbeit richtet sich sowohl an Wissenschaftler als auch an Mitarbeiter in Versicherungsunternehmen, die in der Produktentwicklung oder im Risikomanagement tätig sind. Risiken aus dem Verhalten von Versicherungsnehmern, z.B. das Stornorisiko, gewinnen im Zuge von Produktinnovationen immer mehr an Bedeutung. Dies zeigt sich besonders deutlich bei der Entwicklung neuer Garantiekonzepte in der Lebensversicherung.
Essays On Insurance And Regulation
DOWNLOAD
Author : Rayna Stoyanova
language : en
Publisher:
Release Date : 2014
Essays On Insurance And Regulation written by Rayna Stoyanova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.