Group Insurance

Group insurance against common shocks

Abstract We study insurance against common shocks in cooperatives and other productive groups of individuals. In those groups, and due to strategic interactions among group members, insurance decisions may be preferably taken at the group level rather than the individual level. We highlight two kinds of potential problems with individual insurance: the first one is a free-riding problem because...

Informal Networks within Index Insurance: Randomizing Distance in Group Insurance

We study the effect of offering index insurance to groups versus individuals on individual’s savings and insurance decisions in a lab experiment in the field, which offers real index insurance. We also look at how the network relationships among dairy farmers in the Dominican Republics affects the demand for group index insurance. Individuals offered group insurance are exogenously grouped acco...

Informal Insurance, Enforcement Constraints, and Group Formation

Managed competition in California's small-group insurance market.

This paper describes the early experience of the Health Insurance Plan of California (the HIPC), a small-employer purchasing cooperative established in 1993. The plan's experience is consistent with the predictions of advocates of market-oriented health care reform: The program's design has encouraged cost-conscious choice by enrollees, which in turn has generated price competition among plans....

Experiences in Introducing Workflow Management in a Large Insurance Group

This paper presents the strategy for introducing workflow technologies within the Generali Vienna Group, a large insurance company operating mainly in Central Europe. We discuss the opportunities we see for workflow management in the insurance business as well as the obstacles we faced at (i) the business process reengineering phase, (ii) the workflow product evaluation phase and (iii) the work...