Commitment and Automobile Insurance Regulation in France, Quebec and Japan

Georges Dionne ()

Ecole des Hautes Etudes Commerciales de Montreal- from Ecole des Hautes Etudes Commerciales de Montreal-Chaire de gestion des risques.

Abstract: Information problems have a large role to play in insurance markets and the regulations governing these markets were in part designed to take such problems into account. Classification variables are usually the tools used to reduce adverse selection, whereas bonus-malus (or merit-rating) schemes are introduced because risk categories lack homogeneity or fairness and because such categories do not really take moral hazard into account.

Keywords: INSURANCE; AUTOMOBILES; RISK (search for similar items in EconPapers)
JEL-codes: D80 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2001
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Working Paper: Commitment and automobile insurance regulation in France, Quebec and Japan (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:etcori:01-04

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