Mwenya, Mwenya (2013): Universal Insurance and the Prospect Theory.
Preview |
PDF
MPRA_paper_48203.pdf Download (57kB) | Preview |
Abstract
In today’s insurance market there is a void that is any one person can have several insurance policies, this entails different providers, different payment schemes etc. There is an opportunity for an insurance company to unite all policies and create a universal insurance (UI) policy, an all in one so to speak. There is an argument that such an policy would be very complex and costly as it would require several specialists to analyse every facets of the purported policy. This need not be the case.
Item Type: | MPRA Paper |
---|---|
Original Title: | Universal Insurance and the Prospect Theory |
Language: | English |
Keywords: | Insurance, Prospect Theory, Banks |
Subjects: | G - Financial Economics > G2 - Financial Institutions and Services > G22 - Insurance ; Insurance Companies ; Actuarial Studies |
Item ID: | 48203 |
Depositing User: | Mr Mwenya Mwenya |
Date Deposited: | 12 Jul 2013 23:23 |
Last Modified: | 27 Sep 2019 06:20 |
References: | Anna Hipkiss, 2010. Successful Consulting. Teach Yourself: London Barclays (2013). Insurance Options available [online] at http://www.barclays.co.uk/Insurance/P1242557963438 accessed [05/07/2013] Barclays (2013). Business Insurance. Available [online] at http://www.barclays.co.uk/Businessinsurance/P1242558528783 accessed [10/07/2013] Daniel Kahneman and Amos Tversky, (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, 47(2), pp. 263-291, March 1979. Gore, Charles (2010). "The global recession of 2009 in a long-term development perspective". Journal of International Development (John Wiley & Sons, Ltd.) 22 (6). Treanor, Jill (June 27, 2012). "Barclays chief Bob Diamond gives up 2012 bonus over £290m fine".The Guardian. Available [online] at http://www.guardian.co.uk/business/2012/jun/27/barclays-chief-bob-diamond-bonus-fine accessed [06/07/2013] |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/48203 |