Titre
Risk-selection in natural disaster insurance
Type
article
Institution
UNIL/CHUV/Unisanté + institutions partenaires
Auteur(s)
Jametti, M.
Auteure/Auteur
von Ungern-Sternberg, T.
Auteure/Auteur
Liens vers les personnes
Liens vers les unités
ISSN
0932-4569
Statut éditorial
Publié
Date de publication
2010-06
Volume
166
Numéro
2
Première page
344
Dernière page/numéro d’article
364
Peer-reviewed
Oui
Langue
anglais
Résumé
It is widely recognized that market failure prevents efficient risk sharing in natural-disaster insurance, leading to several public private partnership arrangements across the globe. We argue that risk selection by the private partner is potentially an important issue. We illustrate our concerns with a simple model of reinsurance in a natural-disaster insurance market, based on the French system. Risk selection is a likely equilibrium outcome. Notably, the policies implemented by the French government correspond to the ones we identify to alleviate risk selection. Next, we discuss two public private partnership settings that deal effectively with risk selection: Florida and Spain. (JEL: G 22, L 11, Q 54)
Sujets
PID Serval
serval:BIB_8C9ED2C9F8CC
Date de création
2010-07-27T11:17:03.051Z
Date de création dans IRIS
2025-05-21T02:43:30Z