Philosophical Transactions of the Royal Society B Biological Sciences · 1997 · 56 citations · 4 references
BusinessBusiness EconomicsEconomicsFinancial EconomicsForecastingUnderwritingAdverse SelectionFinancial UnderwritingRisk SelectionSelection BiasUnderwriting EconomicsAbove-average EffectActuarial UnderwritingCredit Market Adverse SelectionDynamic Adverse SelectionExcess UnderwritingInsurance Demand Under Adverse SelectionLifetimes
The combined effects of underwriting and adverse selection among heterogeneous populations are considered, using a simple Markov model. I illustrate the possible extent of the costs of adverse selection; in all cases, above-average sums assured is the most significant factor.
4
The Economics of the Welfare State.
Ray Robinson, Nicolas Barr · Economica · 1988 · 860 citations
T S Leigh · Journal of the Institute of Actuaries · 1990 · 22 citations
Business, Insurance, Risk Management +14