Moral hazard in reinsurance markets

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<title>Moral hazard in reinsurance markets</title>
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<title>The Journal of risk and insurance</title>
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<namePart>Doherty, Neil A.</namePart>
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<namePart>Smetters, Kent</namePart>
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<abstract>The articles focuses on the moral hazard in the reinsurance market, wich the authors believe might help to explain the emergence of securitized insurance instruments. The idea that insurance - and, by extension, reinsurance -might lead to moral hazard is, of course not new. This article, however, provides empirical evidence of moral hazard in the reinsurance market. They test to see if reinsurers control for moral hazard by using loss-sensitive future premiums and-or by monitoring</abstract>
<note type="statement of responsibility">Neil Doherty, Kent Smetters</note>
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<topic>Reaseguro</topic>
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<topic>Mercado de seguros</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080564049">
<topic>Riesgo moral</topic>
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<topic>Modelos de análisis</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080567965">
<topic>Asegurabilidad</topic>
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<title>The Journal of risk and insurance</title>
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<publisher>Orlando</publisher>
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<text>Volume 72, number 3, September 2005 ;  p. 375-391</text>
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