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Competition among non-life insurers under solvency constraints: A game-theoretic approach

Author

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  • Christophe Dutang

    (SAF - Laboratoire de Sciences Actuarielle et Financière - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon)

  • Hansjoerg Albrecher

    (UNIL - Université de Lausanne = University of Lausanne)

  • Stéphane Loisel

    (SAF - Laboratoire de Sciences Actuarielle et Financière - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon)

Abstract

We formulate a noncooperative game to model competition for policyholders among non-life insurance companies, taking into account market premium, solvency level, market share and underwriting results. We study Nash equilibria and Stackelberg equilibria for the premium levels, and give numerical illustrations.

Suggested Citation

  • Christophe Dutang & Hansjoerg Albrecher & Stéphane Loisel, 2013. "Competition among non-life insurers under solvency constraints: A game-theoretic approach," Post-Print hal-01616156, HAL.
    • Handle: RePEc:hal:journl:hal-01616156
    DOI: 10.1016/j.ejor.2013.06.029
    Note: View the original document on HAL open archive server: https://hal.science/hal-01616156
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