The Paradox of Welfare and Insurance

C J M Schuyt

The Geneva Papers on Risk and Insurance - Issues and Practice, 1995, vol. 20, issue 4, 430-438

Abstract: Insurances provide solidarity, and the premium is the price for avoiding risks. But with the passing of time the insured have increasingly come to look on the premium as a payment that gives rights. People took less care and personal responsibility made way for the shifting of responsibility onto society as a whole. Higher claims led to higher premiums, thus reinforcing this behaviour. Changes are necessary in the way the system of insuring is organised, but these changes need to be in harmony with the sense of responsibility prevailing in a society

Date: 1995
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.palgrave-journals.com/gpp/journal/v20/n4/pdf/gpp199537a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/gpp/journal/v20/n4/full/gpp199537a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:20:y:1995:i:4:p:430-438

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().