New financial order : recommendations by the Issing Committee ; preparing G-20 – Washington, November 15, 2008 [PDF]
, 2009 Content New Financial Architecture (Short Version) 1. Purpose of the paper – causes of the crisis 2. Recommendations 2.1. Incentives 2.2. Transparency 2.3. Regulation and Supervision 2.4. International Institutions 3.
Asmussen, Jörg +5 more
core
Commitment and Lapse Behavior in Long-Term Insurance: A Case Study [PDF]
, 2011 International audienceThis paper presents a case study of a portfolio of individual long-term insurance contracts sold by a Spanish mutual company.
Ayuso, Mercedes +2 more
core +4 more sources
Separating Moral Hazard from Adverse Selection and Learning in Automobile Insurance: Longitudinal Evidence from France [PDF]
The identification of information problems in different markets is a challenging issue in the economic literature. In this paper, we study the identification of moral hazard from adverse selection and learning within the context of a multi-period dynamic
Georges Dionne +2 more
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How the Green Architecture of the 2023-2027 Common Agricultural Policy could have been greener. [PDF]
Ambio, 2023 Guyomard H +7 more
europepmc +1 more source
Better Safe than Sorry? Ex Ante and Ex Post Moral Hazard in Dynamic Insurance Data [PDF]
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data.
Abbring, J.H. +2 more
core +1 more source
Is the Market Classification of Risk Always Efficient? - Evidence from German Third Party Motor Insurance [PDF]
The efficiency of market-determined risk classification in automobile insurance is a lasting matter of controversy. It can be traced back to the 1950s (Muir, 1957) and received broad economic attention in the 1980s when spiralling car insurance premiums ...
Reimund Schwarze, Thomas Wein
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On the Evaluation of the Asymptotic Fairness of Bonus-Malus Systems [PDF]
In this paper we try to evaluate the asymptotic fairness of bonus-malus systems, assuming the simplest case when there is no hunger for bonus.The asymptotic fairness has to be understood as the bonus-malus systemability in assessing the individual risks ...
A. Heras, J.A. Gil, J.L. Vilar
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The unification bonus (malus) in postwall Eastern Germany [PDF]
, 2001 This paper presents estimates of the unification bonus for East Germans over the period 1991 to 1998. The unification bonus is defined as the discounted value of the difference between a person's actual income and his or her counterfactual real income ...
Beblo, Miriam +2 more
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Optimal claim behaviour for third-party liability insurances with perfect information [PDF]
In this paper we analyse the optimal claim behaviour of a policy holder having a third-party liability insurance in which one is allowed to decide at the end of an insurance year which damages occurred during that year should be claimed.
Dellaert, N.P. +2 more
core +1 more source
Functions of the bonus-malus system in the motor third party liability insurance of motor vehicle owners [PDF]
, 2018 The bonus-malus system is one of the stages of the ratemaking process in motor liability insurance. The purpose of the work is to discuss the role of the bonus-malus systems in the ratemaking and to present their functions.
SZYMAŃSKA, Anna
core +1 more source