The existence of asymmetric information in insurance markets has been studied extensively in the economics literature, whereas the factors likely to influence asymmetric information have had less attention. Using individual level insurance data from a Takaful health insurance company located in...

The paper presents a model of shareholders' decision to purchase Directors' and Officers' (D&O) insurance for their directors. We consider the tradeoff between the “Governance Enhancing Effect” and the moral hazard effect of D&O insurance and focus on the role of information in determining...

In response to the significant premium increases and the “death spiral” concern, this research examines the stability and affordability of the ACA individual markets by quantifying appropriate premium increases in expanded cross-subsidization groups and determining cost reduction potentials....