Evidence of Asymmetric Information in the Automobile Insurance Market: Dichotomous Versus Multinomial Measurement of Insurance Coverage

2009 ◽  
Vol 76 (2) ◽  
pp. 343-366 ◽  
Author(s):  
Hyojoung Kim ◽  
Doyoung Kim ◽  
Subin Im ◽  
James W. Hardin
Keyword(s):  
Asymmetric Information ◽  
Insurance Coverage ◽  
Insurance Market ◽  
Automobile Insurance

THE IMPORTANCE OF THE CHOICE OF TEST FOR FINDING EVIDENCE OF ASYMMETRIC INFORMATION

2014 ◽  
Vol 44 (2) ◽  
pp. 173-195 ◽  
Author(s):  
Catherine Donnelly ◽  
Martin Englund ◽  
Jens Perch Nielsen
Keyword(s):  
Asymmetric Information ◽  
Adverse Selection ◽  
Insurance Coverage ◽  
Insurance Premium ◽  
Insurance Market ◽  
Automobile Insurance ◽  
Selection Models ◽  
Positive Correlation ◽  
Using Data

AbstractWe put one of the predictions of adverse-selection models to the test, using data from the Danish automobile insurance market: that there is a positive correlation between claims risk and insurance coverage. We can find a statistically significant insurance coverage--risk correlation when coverage is expressed relative to the insurance premium, but not when it is expressed in monetary terms.

Decomposing Asymmetric Information in China's Automobile Insurance Market

2016 ◽  
Vol 84 (4) ◽  
pp. 1269-1293
Author(s):  
Feng Gao ◽  
Michael R. Powers ◽  
Jun Wang
Keyword(s):  
Asymmetric Information ◽  
Insurance Market ◽  
Automobile Insurance
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