GUARANTEED RENEWABILITY IN INSURANCE

被引：53

作者：

PAULY, MV

KUNREUTHER, H

HIRTH, R

机构：

[1] UNIV PENN,WHARTON SCH,DEPT OPERAT & INFORMAT MANAGEMENT,PHILADELPHIA,PA 19104

[2] UNIV MICHIGAN,DEPT HLTH MANAGEMENT & POLICY,ANN ARBOR,MI 48109

来源：

JOURNAL OF RISK AND UNCERTAINTY | 1995年 / 10卷 / 02期

关键词：

UNCERTAINTY; INSURANCE; RENEWABILITY; COMPETITION;

D O I：

10.1007/BF01083557

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We propose a guaranteed renewability (GR) insurance in which a sequence of premiums would enable insurers to break even and would be chosen by both low- and high-risk buyers, whether or not they had suffered a loss. The premium schedule would continually decline over time, as the insurer collects more information to determine who the low-risk buyers are. The highest premium are charged initially to protect the insurer if low-risk individuals leave for the spot market. The concluding portion of the article discusses the limitations of a GR policy in the health and environmental liability area, the most serious being instability in estimates of underlying loss trends.

引用

页码：143 / 156

页数：14