Splitting risks in insurance markets with adverse selection

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<title>Splitting risks in insurance markets with adverse selection</title>
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<abstract displayLabel="Summary">We characterize the design of insurance schemes when policyholders face several insurable risks in a context of adverse selection. Splitting risks emerges as a feature of second-best Pareto optimality. This may take the form of risk-specific contracts, or of contracts where risks are bundled but subject to differential coverage rules, such as risk-specific copayments combined with a deductible or a cap on coverage.</abstract>
<note type="statement of responsibility">Pierre Picard</note>
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<topic>Mercado de seguros</topic>
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<topic>Selección adversa</topic>
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<topic>Riesgo asegurable</topic>
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<topic>Gerencia de riesgos</topic>
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<title>The Journal of risk and insurance</title>
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<publisher>Nueva York : The American Risk and Insurance Association, 1964-</publisher>
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<identifier type="issn">0022-4367</identifier>
<identifier type="local">MAP20077000727</identifier>
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<text>01/12/2020 Volumen 87 Número 4 - diciembre 2020 , p. 997-1033</text>
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