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Risk classification refers to the use of observable characteristics by insurers to group individuals with similar … on risk classification could provide. We use a canonical insurance market screening model to survey and to extend the … risk classification literature. We provide a unified framework for analyzing the economic consequences of legalized vs …
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On-demand insurance is an innovative business model from the InsurTech space, which provides coverage for episodic risks. It makes use of a simple fact in a practical way: People differ in their frequency of exposure as well as the probability of loss. The extra dimension of heterogeneity can be...
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