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Insurance Markets and Companies
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This is an Open Access Journal

Open Access journal
ISSN (Print) 2616-3551 - ISSN (Online) 2522-9591
Published by Business Perspectives

[16 journals]

Diagnosis of the socio-economic potential of health insurance
- Abstract: This study investigates the features of the development of the discriminant model of diagnostics of the socio-economic potential of health insurance, and the trends in the medical insurance system development in Ukraine. This study uses logistic, statistical and normative methods to assess of the socio-economic potential of health insurance in Ukraine from 2010 to 2017. The empirical result shows that the block assessment of the financial potential of health insurance gives the complete information on the dynamics of individual indicators and trends of the branch. The need for assessment of the socio-economic potential of health insurance in order to improve the efficiency of the public financial management of the health care finance system and the insurance market regulation has been justified.
  PubDate: Fri, 13 Jul 2018 05:07:52 +000
Fair split of profit generated by n parties
- Abstract: The authors studied the process of merging insured groups, and the splitting of the profit that arises in the process due to the fact that the risk for the merged group is essentially reduced. There emerges a profit and there are various ways of splitting this profit between the combined groups. Techniques from game theory, in particular cooperative game theory turn out to be useful in splitting of the profit. The authors proceed in this paper to apply techniques of utility theory to study the possibility of a fair split of that profit. In this research, the authors consider a group of n parties 1,...,n such that each of them has a corresponding utility function u1(x),...,un(x) . Given a positive amount of money C, a fair split of C is a vector (c1,...,cn) in Rn, such that c1 +...cn = C and u1(c1) = u2(c2) = ... = un(cn). The authors presume the utility functions to be normalized, that is ui(c) = 1 for each party i, i = 1, ... ,n. The authors show that a fair split exists and is unique for any given set of utility functions u1(x), ..., un(x), and for any given amount of money C. The existence theorem follows from observing simplexes. The uniqueness follows from the utility functions being strictly increasing. An example is given of normalizing some utility functions, and evaluating the fair split in special cases. In this article, the authors study the case of merging two groups (or more) of insured members, they provide an evaluation of the emerging benefit in the process, and the splitting of the benefit between the groups.
  PubDate: Thu, 22 Mar 2018 14:34:15 +000