Título: A Better trigger : indices for insurance / Tse-Ling Teh, Christopher Woolnough
Autor: Teh, Tse-Ling
Notas: Sumario: Index triggers have enabled the extension of insurance to a wide range of risks, by providing a simple mechanism to determine payment. However, the resulting coverage generates basis risk, the variability over time in the level of insurance payouts relative to the level of losses. We analyze basis risk to rank binary and multivalue indices for any risk-averse individual. Our ranking provides methods to select an index that is optimal for a heterogeneous group and illustrates that higher correlation between loss and index, does not necessarily equate to a better index.
Registros relacionados: En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 02/12/2019 Volumen 86 Número 4 - diciembre 2019 , p. 861-885
Autores secundarios: Woolnough, Christopher
Otras clasificaciones: 6