This paper talks about the measurement of efficiency and productivity of non-life insurance firms in India. This study is focused on twelve private non-life insurance firms and four public sector non-life insurance firms of India in the period 2008-09 to 2012-13. Data Envelopment Analysis (DEA) coupled with Malmquist productivity Index is used in measuring the efficiency as well as productivity...

With its promise of protection and peace mind, insurance ownership is a key component Australia’s national strategy to manage spread costs disaster recovery. We argue that an arduous confusing claims process can have profound impacts on policyholders’ capacities live safely in their homes as well physical mental health, finances, levels trust insurers. Yet there has been little empirical resear...

This article discusses the main differences in dealing with insurers’ bad faith under American and Chinese insurance law, and recommends Chinese Government introducing the American bad faith lawsuit to China. For this purpose, the nature, essence, and the general and specific requirements of bad faith lawsuit in America is firstly presented. Then, the article states how insurers’ bad faith in C...

This paper examines the impact of changes in the medical marketplace on medicalization in U.S. society. Using four cases (Viagra, Paxil, human growth hormone and in vitro fertilization), we focus on two aspects of the changing medical marketplace: the role of direct-to-consumer advertising of prescription drugs and the emergence of private medical markets. We demonstrate how consumers and pharm...

The Dutch basic health insurance is based on the principles of regulated competition. This implies that insurers and providers compete on price and quality while the regulator sets certain rules to achieve public objectives such as solidarity. Two regulatory aspects of this scheme are that insurers are not allowed to risk rate their premiums and are compensated for predictable variation in indi...

The primary objective of the article was to examine level and efficiency structure insurance companies on life market in Poland. study presents critical analysis literature relating technical insurers, i.e. methods estimating efficiency, form frontier model, choice production factors production. used mathematical econometric modelling SFA method. results for 22 a period between 2011-2020 using ...

■ To avoid insolvency, insurers must charge adequate premiums to pay policyholder claims. ■ Risk classification groups together individuals with similar levels of risk and expected costs, and permits insurers to charge an adequate premium. ■ If individuals purchase insurance on the basis o f health information that is unknown to the insurer, adverse selection results. Adverse selection means th...

This paper reports the results of the first experiment in the United States designed to distinguish two sources of ambiguity: imprecise ambiguity (expert groups agree on a range of probability, but not on any point estimate) versus conflict ambiguity (each expert group provides precise probability estimates which differ from one group to another). The specific context is whether risk profession...

The values of life insurance and annuity liabilities move in opposite directions in response to a change in the underlying mortality. Natural hedging utilizes this to stabilize aggregate liability cash flows. Our study shows empirical evidence that insurers who utilize natural hedging also charge lower premiums than otherwise similar insurers. This indicates that insurers who are able to utiliz...

We develop a model where a genetic test reveals whether an individual has a low or high probability of developing a disease. Testing is not mandatory, but agents have to reveal their test results to the insurers, facing a discrimination risk. A costly prevention effort allows agents with a genetic predisposition to decrease their probability to develop the disease. We study the individual decis...