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Loss Coverage - Why Insurance Works Better with Some Adverse Selection (Paperback) Loot Price: R775
Discovery Miles 7 750
Loss Coverage - Why Insurance Works Better with Some Adverse Selection (Paperback): Guy Thomas

Loss Coverage - Why Insurance Works Better with Some Adverse Selection (Paperback)

Guy Thomas

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Loot Price R775 Discovery Miles 7 750 | Repayment Terms: R73 pm x 12*

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Most academic and policy commentary represents adverse selection as a severe problem in insurance, which should always be deprecated, avoided or minimised. This book gives a contrary view. It details the exaggeration of adverse selection in insurers' rhetoric and insurance economics, and presents evidence that in many insurance markets, adverse selection is weaker than most commentators suggest. A novel arithmetical argument shows that from a public policy perspective, 'weak' adverse selection can be a good thing. This is because a degree of adverse selection is needed to maximise 'loss coverage', the expected fraction of the population's losses which is compensated by insurance. This book will be valuable for those interested in public policy arguments about insurance and discrimination: academics (in economics, law and social policy), policymakers, actuaries, underwriters, disability activists, geneticists and other medical professionals.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Release date: May 2017
Authors: Guy Thomas
Dimensions: 228 x 152 x 15mm (L x W x T)
Format: Paperback - Trade
Pages: 282
ISBN-13: 978-1-107-49590-6
Categories: Books > Business & Economics > Economics > Econometrics > Economic statistics
Books > Business & Economics > Finance & accounting > Finance > Insurance > General
Books > Money & Finance > Insurance > General
LSN: 1-107-49590-3
Barcode: 9781107495906

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