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Do insurance companies possess an informational monopoly? Empirical evidence from auto insurance
Recurso electrónico / electronic resource
MAP20140003570
Kofman, Paul ‌
Do insurance companies possess an informational monopoly? Empirical evidence from auto insurance / Paul Kofman, Gregory P. Nini
Sumario: This article investigates the impact of policyholder tenure on contractual relationships in nonlife insurance markets. For a sample of auto insurance policies, we find that average risk decreases with policyholder tenure, but the effect is entirely due to the impact of observable information. We reject the hypothesis that the incumbent insurer is privately learning faster about quality of their policyholders. We highlight the importance of a public signal regarding policyholders' claims experiences and suggest alternative explanations for the unconditional relationships in the data
En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 02/12/2013 Volumen 80 Número 4 - diciembre 2013 , p. 1001-1026
1. Seguro de automóviles ‌. 2. Seguros no vida ‌. 3. Mercado de seguros ‌. 4. Cálculo actuarial ‌. 5. Predicciones ‌. 6. Atención al cliente ‌. 7. Información ‌. 8. Calidad de la información ‌. I. Nini, Gregory P. ‌. II. Título.