Proposal to Extend Access to Loans for Serious Illnesses Using Open Data

Frédéric Planchet (), Édouard Debonneuil and Marie Péju
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Édouard Debonneuil: ISFA—SAF Laboratory, Institut de Science Financière et d’Assurances (ISFA), Laboratoire SAF EA2429, University Lyon, Université Claude Bernard Lyon 1, F-69366 Lyon, France
Marie Péju: ISFA—SAF Laboratory, Institut de Science Financière et d’Assurances (ISFA), Laboratoire SAF EA2429, University Lyon, Université Claude Bernard Lyon 1, F-69366 Lyon, France

Risks, 2022, vol. 10, issue 3, 1-20

Abstract: In France, access to a loan requires one to obtain loan insurance and the presence of a pathology in the applicant may be a reason for refusal. Improving knowledge of health risks and pooling risks are two methods of broadening access to loans. We attempt to analyse these possibilities using open data and risk pooling scenarios. We find that the removal of medical selection can be ensured if the current framework is adjusted. We also demonstrate how to use open data to estimate loan insurance premiums for a variety of diseases. We take two examples: breast cancer and type 1 diabetes. Broadening access to borrowing would be beneficial for patients and for the development of the economy associated with these projects.

Keywords: borrower insurance; mortality; serious illnesses (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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