Abstract
In this paper, we formulate a noncooperative game to model a non-life insurance market. The aim is to analyze the effects of competition between insurers through different indicators: the market premium, the solvency level, the market share and the underwriting results. Resulting premium Nash equilibria are discussed and numerically illustrated.
Keywords: Non-life insurance; Market model; Game theory; Nash equilibrium
Volume
2013
Page
1-36
Year
2012
Categories
Actuarial Applications and Methodologies
Dynamic Risk Modeling
Solvency Analysis
Financial and Statistical Methods
Asset and Econometric Modeling
Publications
ASTIN Colloquium
Prizes
Hachemeister Prize
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