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Shailee Pradhan
Former Member
Last Name
Pradhan
First name
Shailee
Phone
+41 71 224 7992
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1 - 3 of 3
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PublicationRecent Research Developments Affecting Nonlife Insurance : The CAS Risk Premium Project 2013 UpdateThis article reports the main results of the 2013 Risk Premium Project update, a yearly review of actuarial and finance literature on the theory and empirics of risk assessment for property-casualty insurance. The literature review reveals a broad variety of topics, with a strong leaning toward catastrophe risk, market efficiency, and new valuation techniques. Within the field of catastrophe risk, the role of weather and climate-related risks for the insurance sector is reviewed and both the threats and the opportunities arising from the changing risk landscape are discussed.Type: journal articleJournal: Risk Management and Insurance ReviewVolume: 18Issue: 1DOI: 10.1111/rmir.12034
Scopus© Citations 1 -
PublicationThe Determinants of Microinsurance DemandThe purpose of this article is to structure the extant knowledge on the determinants of microinsurance demand in a manner that achieves several outcomes. First is to offer a specific economic structure to the review through use of Outreville's insurance demand framework. Second is to identify key questions that arise out of structuring the material in this way. In particular, we attempt to clarify the critical open questions in microinsurance demand through use of Outreville's framework. Third, through comparison with literature on traditional insurance demand, we identify opportunities to understand not only the microinsurance market better, but also the traditional market. To achieve these outcomes, we review the academic literature on microinsurance demand published between 2000 and early 2014 and compare these results with evidence in the literature regarding traditional insurance markets. The review identifies 12 key factors affecting microinsurance demand, and further highlights that research focused on the role of contract performance (including basis risk and quality), trust, financial literacy and informal risk-sharing mechanisms may be most fruitful in expanding microinsurance markets.Type: journal articleJournal: Geneva Papers on Risk and Insurance: Issues and PracticeVolume: 39Issue: 2DOI: 10.1057/gpp.2014.5
Scopus© Citations 51 -
PublicationThe Impact of Insurance Games on Insurance Enrollment: Experimental Evidence from the PhilippinesThis paper evaluates how playing an insurance game affects insurance enrollment. Insurance games not only allow individuals to learn about insurance, but also experience it. Based on a randomized experiment in the Philippines involving an insurance game in 2010, complemented by a follow-up survey in 2013, I find that playing the insurance game significantly increases real-life enrollment in the country's social health insurance scheme. Furthermore, I explore whether this result is related to changes in knowledge and attitude. When comparing the outcomes for the treated and the control groups, the game has no impact on either knowledge about or attitude toward insurance. However, when estimating the impact of the game on risk attitudes, I find that those who played the game in 2010 are significantly more risk averse than the control group.Type: working paper