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On effects of asymmetric information on non-life insurance prices under competition

Author

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  • Hansjörg Albrecher
  • Daily-Amir Dalit

Abstract

We extend a game-theoretic model of Dutang et al. (2013) for non-life insurance pricing under competition among insurance companies and investigate the effects of asymmetric information on the equilibrium premium. We study Bayesian Nash equilibria as well as Bayesian Stackelberg equilibria and illustrate the sensitivity of equilibrium prices to various forms and magnitudes of information asymmetry through some numerical examples.

Suggested Citation

  • Hansjörg Albrecher & Daily-Amir Dalit, 2017. "On effects of asymmetric information on non-life insurance prices under competition," International Journal of Data Analysis Techniques and Strategies, Inderscience Enterprises Ltd, vol. 9(4), pages 287-299.
    • Handle: RePEc:ids:injdan:v:9:y:2017:i:4:p:287-299
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    Citations

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    Cited by:

    1. Anthropelos, Michail & Boonen, Tim J., 2020. "Nash equilibria in optimal reinsurance bargaining," Insurance: Mathematics and Economics, Elsevier, vol. 93(C), pages 196-205.
    2. Dalit Daily-Amir & Hansjörg Albrecher & Martin Bladt & Joël Wagner, 2019. "On Market Share Drivers in the Swiss Mandatory Health Insurance Sector," Risks, MDPI, vol. 7(4), pages 1-25, November.
    3. Claire Mouminoux & Christophe Dutang & Stéphane Loisel & Hansjoerg Albrecher, 2022. "On a Markovian Game Model for Competitive Insurance Pricing," Methodology and Computing in Applied Probability, Springer, vol. 24(2), pages 1061-1091, June.

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