Risk classification with on‐demand insurance
نویسندگان
چکیده
On-demand insurance is an innovative business model from the InsurTech space, which provides coverage for episodic risks. It makes use of a simple fact in practical way: People differ their frequency exposure as well probability loss. The extra dimension heterogeneity can be used to screen insured and shifts utility-possibility frontier outward. We provide sufficient condition under type-specific full at actuarially fair price incentive compatible. also show that our results hold various real-world implementations on-demand insurance.
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ژورنال
عنوان ژورنال: Journal of Risk and Insurance
سال: 2023
ISSN: ['1539-6975', '0022-4367']
DOI: https://doi.org/10.1111/jori.12429