Geyer, Alois, Kremslehner, Daniela, Mürmann, Alexander. 2020. Asymmetric Information in Automobile Insurance: Evidence from Driving Behavior. Journal of Risk and Insurance. 87 (4), 969-995.
BibTeX
Abstract
Based on a unique data set of driving behavior we test whether private information in driving characteristics has significant effects on contract choice and risk in automobile insurance. We define a driving factor based on overall distance driven, number of car rides, and speeding. Using local weather conditions, we account for the endogeneity of the driving factor. While this driving factor has an effect on risk, there is no significant evidence for selection effects in the level of third‐party liability and first‐party insurance coverage.
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| Status of publication | Published |
|---|---|
| Affiliation | WU |
| Type of publication | Journal article |
| Journal | Journal of Risk and Insurance |
| Citation Index | SSCI |
| WU Journalrating 2009 | A |
| WU-Journal-Rating new | FIN-A, STRAT-A, VW-D, WH-A |
| Language | English |
| Title | Asymmetric Information in Automobile Insurance: Evidence from Driving Behavior |
| Volume | 87 |
| Number | 4 |
| Year | 2020 |
| Page from | 969 |
| Page to | 995 |
| Reviewed? | Y |
| DOI | http://dx.doi.org/10.1111/jori.12279 |
| Open Access | Y |
| Open Access Link | https://onlinelibrary.wiley.com/doi/full/10.1111/jori.12279 |
Associations
- People
- Geyer, Alois (Details)
- Kremslehner, Daniela (Details)
- Mürmann, Alexander (Details)
- Organization
- Institute for Financial Research IN (Details)
- Institute for Finance, Banking and Insurance IN (Details)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5307 Business and management economics (Details)
- 5335 Political economic theory (Details)
- 5361 Financial management (Details)
- 5943 Risk research (Details)
- 5953 Game theory (Details)
- 5959 Accident research (Details)