Titlebook: Contributions to the Economics of Index Based Insurance Schemes; Matthias Rödl Book 2019 Springer Fachmedien Wiesbaden GmbH, part of Sprin

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978-3-658-25247-2Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2019

Endearing

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insular

Martin Heisenberg,Reinhard Wolfs. In general, it is established that self-insurance and index insurance are substitutes, with the level of efforts undertaken being extended in comparison to a situation with a classic insurance being offered. The effect is two fold; on the one hand, efforts are increased because coverage under an

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Martin Heisenberg,Reinhard Wolfsk has taken place; this topic is commonly known as moral hazard. One solution to this dilemma is observation. This chapter is dedicated to exploring the potential of aggregating two insured individuals into an interdependent group for the purpose of reducing observation costs.

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https://doi.org/10.1007/978-3-642-70019-4insurance might be misleading in the way that the word insurance itself is strongly connected with indemnity insurance which we have called a classic insurance here. The associations with the classic insurance might lead to some misunderstanding or even wrong conclusions. We have seen that results u

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Contributions to the Economics of Index Based Insurance Schemes978-3-658-25248-9Series ISSN 2627-308X Series E-ISSN 2627-311X