An Empirical Investigation of Asymmetric Information in China’s Automobile Insurance Market

被引：0

作者：

Bo Qu

Li Wei

Ping Wei

机构：

[1] National Internet Finance Association of China,Statistics Department

[2] The People’s Bank of China,Research Institution

[3] Renmin University of China,School of Finance

[4] China Financial Policy Research Center,China Insurance Institute

[5] China Life Property & Casualty Insurance Company Limited,undefined

[6] Renmin University of China,undefined

来源：

The Geneva Papers on Risk and Insurance - Issues and Practice | 2018年 / 43卷

关键词：

asymmetric information; automobile insurance market; China insurance market; risk classification;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

In this paper, we investigate the asymmetric information in China’s automobile insurance market and propose a set of risk classification approaches to alleviate it. Using a unique data set of automobile insurance coverage in China from 2011 to 2013, we discover that policyholders who purchase more insurance coverage are riskier, which indicates the presence of information asymmetry in China’s automobile insurance market. Controlling the attributes of the automobiles does not affect the main results. Moreover, based on data mining technology, we find that the risk classification approach is able to mitigate the problem of asymmetric information in China’s automobile insurance market to some extent with little additional cost.

引用

页码：520 / 538

页数：18

共 36 条

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