Does opportunistic fraud in automobile theft insurance fluctuate with the business cycle?
學年 98
學期 2
發表日期 2010-07-25
作品名稱 Does opportunistic fraud in automobile theft insurance fluctuate with the business cycle?
作品名稱（其他語言）
著者 Wang, Kili C.
作品所屬單位 淡江大學保險學系
出版者
會議名稱 World Risk and Insurance Economics Congress 2010
會議地點 Singapore
摘要 Insurance fraud is a serious problem throughout the world. In response to this, Dionne and Gagné (2002) have pioneered an approach that provides evidence of opportunistic fraud that can be distinguished from adverse selection and moral hazard. This paper follows their methodology and provides further evidence of opportunistic fraud existing in the cases of both contracts with replacement cost endorsement and "no deductible" contracts. Under a replacement cost endorsement contract, the incentive to engage in opportunistic fraud becomes stronger near the end of the policy year, whereas under the no deductible contract it is stronger at the beginning of the policy year. This paper also contributes to the literature in that it is the first paper to investigate the relationship between opportunistic fraud and the macroeconomy. We find that the severity of opportunistic fraud fluctuates in the opposite direction to the business cycle. The opportunistic fraud is stimulated in times of recession, and it is mitigated during a boom.
關鍵字 Theory; Fraud; Automobile; Economic development; Moral hazard
語言 en
收錄於
會議性質 國際
校內研討會地點
研討會時間 20100725~20100729
通訊作者 汪琪玲
國別 SGP
公開徵稿
出版型式 紙本
出處
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