Loss Coverage as a Public Policy Objective for Risk Classification Schemes

Thomas, R. Guy (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. (The full text of this publication is not available from this repository)

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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: 10 Jun 2014 08:45
Resource URI: http://kar.kent.ac.uk/id/eprint/15263 (The current URI for this page, for reference purposes)
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