Risk classification with on-demand insurance

被引：5

作者：

Braun, Alexander ^{[1
,3
]}

Haeusle, Niklas ^{[1
,3
]}

Thistle, Paul ^{[2
]}

机构：

[1] Univ St Gallen, Inst Insurance Econ, St Gallen, Switzerland

[2] Univ Nevada, Dept Finance, Las Vegas, NV USA

[3] Univ St Gallen, Inst Insurance Econ, IVW HSG, St Gallen, Switzerland

来源：

JOURNAL OF RISK AND INSURANCE | 2023年 / 90卷 / 04期

关键词：

adverse selection; on-demand insurance; risk classification; screening; CATEGORICAL DISCRIMINATION; MARKETS; EFFICIENCY;

D O I：

10.1111/jori.12429

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

On-demand insurance is an innovative business model from the InsurTech space, which provides coverage for episodic risks. It makes use of a simple fact in a practical way: People differ in their frequency of exposure as well as the probability of loss. The extra dimension of heterogeneity can be used to screen the insured and shifts the utility-possibility frontier outward. We provide a sufficient condition under which type-specific full insurance at the actuarially fair price is incentive compatible. We also show that our results hold for various real-world implementations of on-demand insurance.

引用

页码：975 / 990

页数：16

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