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Splitting Risks in Insurance Markets In Adverse Selection

Abstract : We characterize the design of insurance schemes when policyhold- ers face several insurable risks in a context of adverse selection. Split- ting risks emerges as a feature of second-best Pareto-optimal alloca- tions. This may take the form of risk-speci…c contracts, or of con- tracts where risks are bundled, but subject to di⁄erential coverage rules such as risk speci…c copayments, combined with a deductible, an out-of-pocket maximum or a cap on coverage.
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https://hal-polytechnique.archives-ouvertes.fr/hal-01448322
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Submitted on : Tuesday, February 7, 2017 - 10:45:39 AM
Last modification on : Wednesday, January 23, 2019 - 10:29:31 AM
Long-term archiving on: : Monday, May 8, 2017 - 12:29:30 PM

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Cahier n° 2017-01_PICARD.pdf
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  • HAL Id : hal-01448322, version 2

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Pierre Picard. Splitting Risks in Insurance Markets In Adverse Selection. 2017. ⟨hal-01448322v2⟩

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