Mossin's Theorem for Upper-Limit Insurance Policies

5 Pages Posted: 30 May 2006

See all articles by Harris Schlesinger

Harris Schlesinger

University of Alabama; CESifo (Center for Economic Studies and Ifo Institute)

Abstract

Although Mossin's Theorem (full insurance with a fair premium and less-than-full coverage with a proportional premium loading) is well known for the classes of coinsurance contracts and for deductible-insurance contracts, it has not been proven for the class of upper-limit insurance contracts. This article provides a proof for this case.

Suggested Citation

Schlesinger, Harris, Mossin's Theorem for Upper-Limit Insurance Policies. Journal of Risk & Insurance, Vol. 73, No. 2, pp. 297-301, June 2006, Available at SSRN: https://ssrn.com/abstract=904902 or http://dx.doi.org/10.1111/j.1539-6975.2006.00175.x

Harris Schlesinger (Contact Author)

University of Alabama ( email )

P.O. Box 870244
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CESifo (Center for Economic Studies and Ifo Institute) ( email )

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Munich, DE-81679
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