Moral Hazard and Pricing in the U. K. Fire Insurance Market

1980 ◽  
Vol 47 (2) ◽  
pp. 240 ◽  
Author(s):  
Neil A. Doherty
Keyword(s):  
Moral Hazard ◽  
Insurance Market ◽  
Fire Insurance

Sharing the Risk

2021 ◽  
pp. 281-298
Author(s):  
Andrew C. A. Elliott
Keyword(s):  
Climate Change ◽  
Law Of Large Numbers ◽  
Insurance Market ◽  
Insurance Companies ◽  
Marine Insurance ◽  
Fire Insurance ◽  
Large Numbers ◽  
Mutual Insurance ◽  
The Face ◽  
Friendly Societies

Insurance makes use of the law of large numbers to mitigate the effects of risks on individuals by allowing them to be shared collectively. Early insurance arrangements arose as friendly societies and mutual insurance companies. Marine insurance has a long history and remains a major insurance market. Fire insurance provides compensation in the face of a capricious and frightening risk, but also invites fraudulent claims. Increasing amounts of information provide challenges for insurance underwriting: can there be too much information? The principle of insurance is that of averaging out of independent risks, but when risks are not independent, as may be the case when it comes to climate change, is there still any role for insurance?

The determinants of reinsurance in the Swedish property fire insurance market during the interwar years, 1919–39

2010 ◽  
Vol 52 (2) ◽  
pp. 268-284 ◽  
Author(s):  
Hale Abdul Kader ◽  
Michael Adams ◽  
Lars Fredrik Andersson ◽  
Magnus Lindmark
Keyword(s):  
Insurance Market ◽  
Fire Insurance

Encumbering Realty as Affecting the Moral Hazard in Fire Insurance

1924 ◽  
Vol 24 (6) ◽  
pp. 605
Author(s):  
Joseph Henry Cohen
Keyword(s):  
Moral Hazard ◽  
Fire Insurance ◽  
In Fire
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