Switching motivation and moral hazard : evidence from automobile physical damage insurance in Taiwan

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<title>Switching motivation and moral hazard</title>
<subTitle>: evidence from automobile physical damage insurance in Taiwan</subTitle>
</titleInfo>
<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20200015598">
<namePart>Wu, Jui-Yun </namePart>
<nameIdentifier>MAPA20200015598</nameIdentifier>
</name>
<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20200015604">
<namePart>Chang, Chi-Hung </namePart>
<nameIdentifier>MAPA20200015604</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<genre authority="marcgt">periodical</genre>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">che</placeTerm>
</place>
<dateIssued encoding="marc">2020</dateIssued>
<issuance>serial</issuance>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
</physicalDescription>
<abstract displayLabel="Summary">This study investigates policyholders' moral hazard from the perspective of switching motivation and determines whether switching behaviour is associated with the expiration effect in Taiwan's automobile physical damage insurance market. Empirical results show that policyholders who switch to a new insurer early before their prior policy expires are more likely to file a claim in the last policy month- known as the expiration effect-than those who switch upon expiration of their policy and those who renew their contract with the same insurer. The expiration effect for the dealer-owned agent channel is more serious than for the direct underwriting channel. For the direct underwriting channel, the expiration effect for early switchers is more apparent than fo r normal switchers or renewers. The findings suggest that insurers should pay attention to switching policyholders to mitigate potential opportunistic behaviour by which policyholders switch to other insurers early before their policy expires and then file a claim to evade a surcharge for claims records.</abstract>
<note type="statement of responsibility">Chun-Ting Liu, Jui-Yun Wu, Chi-Hung Chang</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080564049">
<topic>Riesgo moral</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080603779">
<topic>Seguro de automóviles</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080567118">
<topic>Reclamaciones</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080590567">
<topic>Empresas de seguros</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20120019256">
<geographic>Taiwan</geographic>
</subject>
<classification authority="">322</classification>
<relatedItem type="host">
<titleInfo>
<title>Geneva papers on risk and insurance : issues and practice</title>
</titleInfo>
<originInfo>
<publisher>Geneva : The Geneva Association, 1976-</publisher>
</originInfo>
<identifier type="issn">1018-5895</identifier>
<identifier type="local">MAP20077100215</identifier>
<part>
<text>01/04/2020 Volumen 45 Número 2 - abril 2020 , p. 361-391</text>
</part>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">200708</recordCreationDate>
<recordChangeDate encoding="iso8601">20200714124826.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20200022855</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>