No Claim Bonus? A Comment

Bonus? No, just an onus.

Unmatured Tort Claim Markets: A Comment

No comment

What is it famous for? Dolly the sheep, who in February this year, made headlines as the first mammal to be cloned from a somatic cell derived from an adult animal. The publication of this work by Roslin Institute researchers sparked intense media speculation about human cloning. Was Dolly the first to make a splash? No. Media attention had already been caught in 1991 with Tracy the sheep, the ...

When Inflation Causes No Increase in Claim Amounts

It is well known that when re insurance coverages involve a deductible, the impact of inflation of loss amounts is distorted, and the changes in claims paid by the re insurer cannot be assumed to reflect the rate of inflation. A particularly interesting phenomenon occurs when losses follow a Pareto distribution. In this case, the observed loss amounts those that exceed the deductible are identi...

Some pain, no gain: experiences with the no-claim rebate in the Dutch health care system.

To contain expenditures in an increasingly demand driven health care system, in 2005 a no-claim rebate was introduced in the Dutch health insurance system. Since demand-side cost sharing is a very controversial issue, the no-claim rebate was launched as a consumer friendly bonus system to reward prudent utilization of health services. Internationally, the introduction of a mandatory no-claim re...