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Challenges Confronting Insurance

  • Peter ZweifelEmail author
  • Roland Eisen
Chapter
  • 4.5k Downloads
Part of the Springer Texts in Business and Economics book series (STBE)

Abstract

This chapter is devoted to foreseeable future developments that will pose challenges to the insurance systems of industrial countries. These challenges will call for adjustments by both private insurance (PI) and social insurance (SI), likely also affecting their division of labor. As a matter of principle, the need for adjustment will confront both PI and SI. The reason is that the changes in the economic environment discussed below result in modifications of risk behavior on the part of insurance buyers (IB).

Keywords

Private Insurance Moral Hazard Insurance Contract Tail Dependence Insurance Company 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of ZurichZurichSwitzerland
  2. 2.MunichGermany

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