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Moral hazard and learning in the Tunisian automobile insurance market : new evidence from dynamic data

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
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008  180808e20180701che|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎322
100  ‎$0‎MAPA20180012099‎$a‎Karaa, Imen
24510‎$a‎Moral hazard and learning in the Tunisian automobile insurance market‎$b‎ : new evidence from dynamic data‎$c‎Imen Karaa
520  ‎$a‎The main contribution of this paper is that it empirically studies the existence of asymmetric information in the Tunisian automobile insurance market. It also investigates the possibility of distinguishing moral hazard from adverse selection and asymmetric learning. To this end, we investigate the dynamics of insurance-coverage choices and of the occurrence of automobile claims, considering the bonus-malus mechanism, to identify the source of asymmetric information. Using a recent longitudinal data-set for 2008, 2009 and 2010 from one of the major insurance companies in Tunisia, our empirical results provide evidence for a signi?cant positive correlation between claims occurrence and coverage choice. The results from using parametric and non-parametric tests provide evidence of residual asymmetric information among experienced drivers, while this asymmetry vanishes for beginner drivers. In a dynamic context, our empirical findings provide evidence of moral hazard. However, we do not find evidence of asymmetric learning
650 4‎$0‎MAPA20080603779‎$a‎Seguro de automóviles
650 4‎$0‎MAPA20080582494‎$a‎Sector automoción
650 4‎$0‎MAPA20080617219‎$a‎Industria automovilística
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080564049‎$a‎Riesgo moral
650 4‎$0‎MAPA20080606695‎$a‎Información asimétrica
650 4‎$0‎MAPA20080553630‎$a‎Coberturas
650 4‎$0‎MAPA20080557379‎$a‎Bonus-malus
651 1‎$0‎MAPA20120019355‎$a‎Túnez
651 1‎$0‎MAPA20130007014‎$a‎Africa del Norte
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎02/07/2018 Volumen 43 Número 3 - julio 2018 , p. 560-589