We present a real data set of claims amounts where costs related to damage are recorded separately from those related to medical expenses. Only claims with positive costs are considered here. Two approaches to density estimation are presented: a classical parametric and a semi-parametric method,...

Moral hazard risk in insurance describes the possibility of fraudulent policyholder behaviour, resulting in losses which are hard to predict and quantify. For disability income insurance (DII), moral hazard may be exacerbated during periods of high unemployment. In this paper, we first propose a...

We interview Australian fund executives about how their organisations responded to MySuper, a regulatory framework for default retirement savings funds that providers were required to have in place by the beginning of 2014. In addition to providing an account of the influences on product design...