Splitting Risks in Insurance Markets With 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.
Document type :
Preprints, Working Papers, ...
Complete list of metadatas

Cited literature [13 references]  Display  Hide  Download

https://hal-polytechnique.archives-ouvertes.fr/hal-01448322
Contributor : Weronika Leduc <>
Submitted on : Friday, September 8, 2017 - 11:21:09 AM
Last modification on : Wednesday, January 23, 2019 - 10:29:31 AM

File

Cahier n° 2017-01_PICARD v2.p...
Files produced by the author(s)

Identifiers

  • HAL Id : hal-01448322, version 4

Collections

Citation

Pierre Picard. Splitting Risks in Insurance Markets With Adverse Selection. 2017. ⟨hal-01448322v4⟩

Share

Metrics

Record views

179

Files downloads

355