منابع مشابه
The Economics of Life Insurance Settlement
We investigate the effects of the settlement market of life insurance policies on the monopolistic insurer's profit and social welfare. We assume that consumers differ only in their liquidity needs, and that the insurer cannot discriminate consumers based on their liquidity needs. When the settlement market incurs no costs, we find that the existence of the settlement market enhances social wel...
متن کاملNegotiation Support Systems: Communication and Information as Antecedents of Negotiation Settlement
Innovative approaches such as the use of technology in negotiations raise questions of how technology interacts with the manifold contextual factors that play a role in negotiations. In this article, we introduce a theoretical framework that seeks to inform the design of Negotiation Support Systems (NSS) by focusing on two antecedents of negotiation success. On the one hand, we argue that NSS s...
متن کاملThe Settlement Negotiation Process for Automobile Bodily Injury Liability
Third party liability insurance settlements are by their nature the result of negotiations between the claimant, or his/her representative, and a representative of the insurer, acting on behalf of the policyholder (Ross, 1980). When substantial non-economic or general damages are expected in any settlement, such as in auto bodily injury liability claims, the nature of the settlement process mus...
متن کاملHow Does Life Settlement Affect the Primary Life Insurance Market?∗
We study the effect of the life settlement market on the structure of long term contracts offered by the primary market for life insurance, as well as the effect on consumer welfare, using a dynamic model of life insurance with one sided commitment and bequest-driven lapsation. We show that the presence of life settlement affects the extent as well as the form of dynamic reclassification risk i...
متن کاملAnalysis of Insurance Claim Settlement Process with Markovian Arrival Processes
This paper proposes a model for the claim occurrence, reporting, and handling process of insurance companies. It is assumed that insurance claims occur according to a Markovian arrival process. An incurred claim goes through some stages of a claim reporting and handling process, such as Incurred But Not Reported (IBNR), Reported But Not Settled (RBNS) and Settled (S). We derive formulas for the...
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ژورنال
عنوان ژورنال: College & Research Libraries News
سال: 1986
ISSN: 2150-6698,0099-0086
DOI: 10.5860/crln.47.5.325