Consumers’uncertainty regarding their future needs generates demand for options to utilize different products. Such options are commonly sold in the form of insurance. A prime example for option demand presents in health care markets and other repair markets. This work studies two-dimensional spatial competition between medical providers who choose their geographical location and medical-care s...

A method is presented for identifying an expected profitable set of customers, to offer them an additional insurance product, by estimating a customer specific latent risk profile, for the additional product, by using the customer specific available data for an existing insurance product of the specific customer. For the purpose, a multivariate credibility estimator is considered and we investi...

Agro-meteorological index insurance is an innovative agricultural insurance product that has solved problems of conventional agricultural insurances including excessive cost and moral hazard. Agro-meteorological index insurance has become an effective agricultural insurance scheme. This paper primarily uses meteorological data and winter wheat yield data in the Jiangsu Province for the last 35 ...

This article shows through a simple model that there is a monotonic relationship between the competitiveness of the product market and firms’ demand for insurance. The more competitive the product market is, the more likely firms competing in the market will acquire insurance or purchase full coverage. This holds true no matter whether firms exhibit risk aversion or not in their preferences. In...

In recent years, there have been observed increased costs of health care in Poland. The patient's out of pocket expenses on drug have grown too. To the above, the insurance companies have offered patients drug coverage insurance policies since recently. Drug insurance policy covers the cost of purchasing pharmaceutical products not reimbursed by the National Health Fund is a modern product on t...

Finding an appropriate insurance product on the Web can be a difficult and time-consuming process. The majority of insurers continue to build sites that are structured on a corporate orientation rather than customer needs. Customers are left on their own to figure out how to analyse and compare different proposals. In this paper we analyse the application of machine learning techniques in model...

BACKGROUND One of the most controversial issues in restructuring the Polish health insurance system is the implementation of private voluntary insurance and creation within it a new insurance product known as occupational health services (OHS). In this article some opportunities and dilemmas likely to be faced by providers and employers/employees, when contracting with insurance institutions, a...