Guy Thomas (Canterbury University of Kent)

Loss Coverage

Why Insurance Works Better with Some Adverse Selection

• Gebundenes Buch

Produktbeschreibung

A novel book that argues that, contrary to received wisdom, some adverse selection in insurance markets is beneficial to society as a whole. It is for all those interested in public policy arguments about insurance and discrimination: policymakers, academics, actuaries, underwriters, disability activists, geneticists and other medical professionals.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 282
• Erscheinungstermin: 27. Juni 2017
• Englisch
• Abmessung: 237mm x 167mm x 20mm
• Gewicht: 520g
• ISBN-13: 9781107100336
• ISBN-10: 110710033X
• Artikelnr.: 47377447

Autorenporträt

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.

Inhaltsangabe

Part I. Introduction: 1. The central ideas of this book
2. Adverse selection: a history of exaggeration
Part II. Loss Coverage: 3. Introduction to loss coverage
4. Basic mathematics of loss coverage
5. Further mathematics of loss coverage
6. Partial risk classification, separation and inclusivity
Part III. Further Aspects of Risk Classification: 7. A taxonomy of objections to risk classification
8. Empirical evidence on adverse selection
9. Myths of insurance rhetoric
10. Myths of insurance economics
11. Contexts where adverse selection may be stronger
12. Risk classification and moral hazard
13. Risk classification and big data
Part IV. Conclusion: 14. Summary and suggestions
Appendix A. Alternative demand functions
Appendix B. Multiple equilibria: a technical curiosity
References
Index.