Bokus
Guy Thomas - Loss Coverage, Häftad

Häftad, Engelska, 2017

Loss Coverage

Why Insurance Works Better with Some Adverse Selection

Av Guy Thomas

502 kr

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Beskrivning
Most academic and policy commentary represents adverse selection as a severe problem in insurance, which should always be deprecated, avoided or minimised. This book gives a contrary view. It details the exaggeration of adverse selection in insurers' rhetoric and insurance economics, and presents evidence that in many insurance markets, adverse selection is weaker than most commentators suggest. A novel arithmetical argument shows that from a public policy perspective, 'weak' adverse selection can be a good thing. This is because a degree of adverse selection is needed to maximise 'loss coverage', the expected fraction of the population's losses which is compensated by insurance. This book will be valuable for those interested in public policy arguments about insurance and discrimination: academics (in economics, law and social policy), policymakers, actuaries, underwriters, disability activists, geneticists and other medical professionals.
Produktinformation
  • Utgivningsdatum: 2017-05-02
  • Mått: 152 x 228 x 15 mm
  • Vikt: 410 g
  • Format: Häftad
  • Språk: Engelska
  • Antal sidor: 282
  • Förlag: Cambridge University Press
  • ISBN: 9781107495906
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Mer om författaren

Guy Thomas is an actuary and investor, and an honorary lecturer at the University of Kent, Canterbury. His academic publications have received prizes from the Institute and Faculty of Actuaries and the International Actuarial Association. He is also the author of Free Capital: How Twelve Private Investors Made Millions in the Stock Market.

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'Guy Thomas challenges the orthodox views held by the insurance industry, actuaries, and economists concerning the problem of adverse selection. He makes his case that a little adverse selection is actually a good thing in a sensible, pragmatic, and compelling manner. His critical insights about the debates on restricting risk classification in insurance should be essential reading for policy makers.' Michael Hoy, University of Guelph, Canada

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