International Adverse Selection in Life Insurance and Annuities
AbstractThis paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both group and individual products. We also compare results with prior analyses of adverse selection in international annuity markets, focusing on the US, the UK, and Japan. Our results help assess the extent to which life insurers can hedge mortality exposure by writing both life insurance and annuities, and they may be used to determine a normal range for adverse selection in international insurance markets.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 9975.
Date of creation: Sep 2003
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Find related papers by JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
- J1 - Labor and Demographic Economics - - Demographic Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-31 (All new papers)
- NEP-HEA-2004-08-31 (Health Economics)
- NEP-IAS-2004-08-31 (Insurance Economics)
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