TY  - UNPD
A1  - Kremslehner, Daniela
A1  - Muermann, Alexander
T1  - Asymmetric information in automobile insurance: evidence from driving behavior
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 543
N2  - Based on a unique data set of driving behavior we find direct evidence that private information has significant effects on contract choice and risk in automobile insurance. The number of car rides and the relative distance driven on weekends are significant risk factors. While the number of car rides and average speeding are negatively related to the level of liability coverage, the number of car rides and the relative distance driven at night are positively related to the level of first-party coverage. These results indicate multiple and counteracting effects of private information based on risk preferences and driving behavior.
T3  - CFS working paper series - 543 
Y1  - 2016
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/41682
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-416822
UR  - https://ssrn.com/abstract=2850537
IS  - September 2016
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -