|
EconStor >
Goethe-Universität Frankfurt am Main >
International Center for Insurance Regulation (ICIR), Universität Frankfurt a. M. >
ICIR Working Paper Series, International Center for Insurance Regulation, Universität Frankfurt >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/64127
|
| | |
| Title: | | Safety versus affordability as targets of insurance regulation in an opaque market: A welfare approach  |
| Authors: | | Stoyanova, Rayna Schlütter, Sebastian |
| Issue Date: | | 2012 |
| Series/Report no.: | | ICIR Working Paper Series 10/12 |
| Abstract: | | Insurance regulation is typically aimed at policyholder protection. In particular, regulators attempt to ensure the financial safety of insurance firms, for example, by means of capital regulation, and to enhance the affordability of insurance, for example, by means of price ceilings. However, these goals are in conflict. Therefore, we identify situations in which regulators should be more concerned with safety or, alternatively, affordability. Our model incorporates default-risk-sensitive insurance demand, capital-related frictional costs, and imperfect risk transparency for policyholders. |
| Subjects: | | Insurance Regulation Regulatory Targets Welfare Opaqueness |
| Document Type: | | Working Paper |
| Appears in Collections: | | ICIR Working Paper Series, International Center for Insurance Regulation, Universität Frankfurt
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/64127
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|