Testing for asymmetric information in reinsurance markets

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<dc:creator>Yan, Zhiqiang</dc:creator>
<dc:creator>Hong, Liang</dc:creator>
<dc:date>2015-01-05</dc:date>
<dc:description xml:lang="es">Sumario: Empirical studies on asymmetric information have mainly focused on primary insurance markets, but comparatively little attention has been given to reinsurance markets. This study investigates the existence of asymmetric information by testing for a positive correlation between coverage and ex post risk in three major reinsurance markets for the period 1995-2000 and finds that (1) asymmetric information problems are present in the private passenger auto liability and homeowners reinsurance markets, but not in the product liability reinsurance market; (2) retention limits are widely utilised to mitigate asymmetric information problems; (3) long-term contracting relationships are either rarely used or not effective in controlling asymmetric information problems.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/151001.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Mercado de reaseguros</dc:subject>
<dc:subject xml:lang="es">Reaseguro</dc:subject>
<dc:subject xml:lang="es">Análisis empírico</dc:subject>
<dc:subject xml:lang="es">Información asimétrica</dc:subject>
<dc:subject xml:lang="es">Riesgo moral</dc:subject>
<dc:subject xml:lang="es">Selección adversa</dc:subject>
<dc:subject xml:lang="es">Obligaciones contractuales</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Testing for asymmetric information in reinsurance markets</dc:title>
<dc:relation xml:lang="es">En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 05/01/2015 Volumen 40 Número 1 - enero 2015 , p. 29-46</dc:relation>
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