About this product

Product Information

Most academic and policy commentary represents adverse selection as a severe problem in insurance, which should always be deprecated, avoided or minimised. This book gives a contrary view. It details the exaggeration of adverse selection in insurers' rhetoric and insurance ecomics, and presents evidence that in many insurance markets, adverse selection is weaker than most commentators suggest. A vel arithmetical argument shows that from a public policy perspective, 'weak' adverse selection can be a good thing. This is because a degree of adverse selection is needed to maximise 'loss coverage', the expected fraction of the population's losses which is compensated by insurance. This book will be valuable for those interested in public policy arguments about insurance and discrimination: academics (in ecomics, law and social policy), policymakers, actuaries, underwriters, disability activists, geneticists and other medical professionals.

Product Identifiers

PublisherCambridge University Press

ISBN-101107495903

ISBN-139781107495906

eBay Product ID (ePID)232161211

Product Key Features

Number of Pages282 Pages

Publication NameLoss Coverage : Why Insurance Works Better with Some Adverse Selection

LanguageEnglish

Publication Year2017

SubjectFinance & Accounting

TypeTextbook

Subject AreaBusiness & Economics

AuthorGuy Thomas

FormatTrade Paperback (Us), Paperback

Dimensions

Item Height0.6 in

Item Weight14.5 Oz

Item Length9 in

Item Width6 in

Height228mm

Width152mm

Weight410g

Additional Product Features

Date of Publication02/05/2017

Intended AudienceScholarly & Professional

Place of PublicationCambridge

Spine15mm

GenreFinance & Accounting

Country of PublicationUnited Kingdom

Author BiographyGuy Thomas is an actuary and investor, and an honorary lecturer at the University of Kent, Canterbury. His academic publications have received prizes from the Institute and Faculty of Actuaries and the International Actuarial Association. He is also the author of Free Capital: How Twelve Private Investors Made Millions in the Stock Market.

Content Note25b/W Illus. 9 Tables