Thomas, R.G. (2008) Loss Coverage as a Public Policy Objective for Risk Classification Schemes. Journal of Risk and Insurance, 75 (4). pp. 997-1018. ISSN 0022-4367.
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| Official URL http://dx.doi.org/10.1111/j.1539-6975.2008.00294.x |
Abstract
This article suggests that from a public policy perspective, some degree of adverse selection may be desirable in some insurance markets. The article suggests that a public policymaker should consider the criterion of "loss coverage," and that in some markets a policymaker may wish to regulate risk classification with a view to increasing loss coverage. Either too much or too little risk classification may reduce loss coverage. The concept is explored by means of examples and formulaic and graphical interpretations. An application to the UK life insurance market is considered.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculties > Science Technology and Medical Studies > School of Mathematics Statistics and Actuarial Science |
| Depositing User: | Louise Dorman |
| Date Deposited: | 28 Apr 2009 14:20 |
| Last Modified: | 28 Apr 2009 14:20 |
| Resource URI: | http://kar.kent.ac.uk/id/eprint/15263 (The current URI for this page, for reference purposes) |
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