Testing for Asymmetric Information in Tunisian Automobile Insurance Market
نویسندگان
چکیده
منابع مشابه
Testing for Asymmetric Information in Automobile Insurance Market an Iranian Insurance Company
The presence of asymmetric information is an important source of efficiency loss for insurance companies and could reduce profitability. In this paper, we test the conditional independence of coverage choice and risk, where “conditional” means conditional on all variables observed by the insurer. We use two parametric methods: a pair of probits and a bivariate probit model. The data includes al...
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asymmetric information in iran’s insurance market: case study for automobile insurance in iran insurance companythis research aims to test the presence of asymmetric information by using the dynamic information of automobile policyholders in the iran insurance company (iic). the conditional independence test is conducted by bivariate probit model, the dynamic properties which are presented for ...
متن کاملAsymmetric Information in Automobile Insurance: New Evidence from Telematic Data∗
We provide novel insights into the effects of private information in automobile insurance. Our analysis is based on telematic data of insured cars which includes detailed information about driving behavior that is unobservable to the insurance company. We find that private information about driving behavior has significant and counteracting effects on the choice of third-party liability and fir...
متن کاملthe test for adverse selection in life insurance market: the case of mellat insurance company
انتخاب نامساعد یکی از مشکلات اساسی در صنعت بیمه است. که ابتدا در سال 1960، توسط روتشیلد واستیگلیتز مورد بحث ومطالعه قرار گرفت ازآن موقع تاکنون بسیاری از پژوهشگران مدل های مختلفی را برای تجزیه و تحلیل تقاضا برای صنعت بیمه عمر که تماما ناشی از عدم قطعیت در این صنعت میباشد انجام داده اند .وهدف از آن پیدا کردن شرایطی است که تحت آن شرایط انتخاب یا کنار گذاشتن یک بیمه گزار به نفع و یا زیان شرکت بیمه ...
15 صفحه اولAsymmetric Information in Iranian's Health Insurance Market: Testing of Adverse Selection and Moral Hazard.
BACKGROUND Asymmetric information is one of the most important issues in insurance market which occurred due to inherent characteristics of one of the agents involved in insurance contracts; hence its management requires designing appropriate policies. This phenomenon can lead to the failure of insurance market via its two consequences, namely, adverse selection and moral hazard. OBJECTIVE Th...
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ژورنال
عنوان ژورنال: Mediterranean Journal of Social Sciences
سال: 2015
ISSN: 2039-9340,2039-2117
DOI: 10.5901/mjss.2015.v6n3s1p455