Search results for "Risk pool"
showing 4 items of 4 documents
The Influence of Behavioral Factors on Insurance Decision – A Romanian Approach
2013
Abstract Although the classical economic theory postulates that individuals should make perfectly rational choices that take into account all the available information, I will present, in the following, the action of behavioral factors on the decisions regarding the insurance against certain events. I will analyze the elements that determine a person who should be covered against a risk, not to buy insurance and the reverse situation when, although the likelihood of the event is reduced, a person will secure against the damage(s) caused by it. In this paper I developed a general approach of the behavioral factors with specific reference to the Romanian market .Finally, I will suggest the in…
Credit-Based Insurance Scores: some Observations in the Light of the European General Data Protection Regulation
2020
Despite the differences between credit risk and insurance risk, in many countries large insurance companies include credit history amongst the information to be taken into account when assigning consumers to risk pools and deciding whether or not to offer them an auto or homeowner insurance policy, or to determine the premium that they should pay. In this study, I will try to establish some conclusions concerning the requirements and limits that the use of credit history data by insurers in the European Union should be subject to. In order to do this, I shall focus my attention primarily on Regulation (EU) 2016/679. This regulation, that came into force on 24 May 2018, not only forms the ba…
What does insurance purchase behaviour say about risks?
2015
Purpose – This paper aims to explore the world of insurances as rites of adaptancy and resiliency before risk and disasters. The research on risks, both perceived and real, has become a frequent theme of academic research in the recent past. Design/methodology/approach – The information given by the superintendencia de Seguros de Buenos Aires involves 100 per cent of the insurances companies of Argentina. The reading of insurance demands corresponds with a new method in the studies of risks. Findings – Using advanced probability theory and quantitative techniques, risk management researchers have been able to construct sophisticated mathematical-statistical models of risk. Research limitat…
The value of integrative risk management for insurance products with guarantees
2001
Insurance liabilities are converging with capital markets products (e.g. derivatives and securitizations), thereby increasing the demand for integrated asset and liability management strategies. This article compares the value-added by an integrative approach-based on scenario optimization modelling-relative to traditional risk management methods. The authors present some examples of products offered by the insurance industry in Italy, and apply the results of the analysis to the design of competitive insurance policies. © Emerald Backfiles 2007.