Minimum coverage regulation in insurance markets

Consolidation, Insurance Coverage, and Tort Reforms in Health Care Markets

Regulation and Markets for Catastrophe Insurance

This paper discusses some of the problems associated with the efficient economic design of markets for catastrophe insurance and the regulation of private companies offering such insurance. The paper first considers the elements of the problem, on both the demand and supply side. On the demand side, we point to well-known difficulties of consumers and small businesses to evaluate the benefits o...

Trust & Insurance Markets Trust & Insurance Markets

Trust is a key determinants of any financial transaction. Exchanges in insurance markets are a particular type of financial transaction where a current payment – the premium – is exchanges for a promise of a future, contingent payment – the indemnity due when the casualty occurs. We argue that trust is key in fostering these type of exchanges. Trust enters two ways: because it affects the willi...

Information sharing and regulation effect in experimental insurance markets

Recent advances in information technology and regulatory policies have changed the way firms do business in the insurance industry. Information technology has increased insurance companies’ access to information about consumer riskiness, thereby enabling the implementation of more effective organizational strategies. For example, health insurance companies may use genetic testing technologies t...

Advertising in Health Insurance Markets*

The effects of television advertising in market for health insurance are of distinct interest to both firms and regulators, due to both the sheer size of the market and some of its more particular characteristics when it comes to consumer choice. Regulators are concerned about firms potentially using ads to “cream skim,” or attract an advantageous risk pool, as well as the potential for firms t...