Do the Better Insured Cause More Damage? Testing for Asymmetric Information in Car Insurance
用非参数方法检验荷兰老年司机车险市场是否存在信息不对称，发现保险更全面的人并未有更高索赔频率或更严重事故，未找到信息不对称证据。
Abstract This article tests for the presence of asymmetric information in Dutch car insurance among senior drivers using several nonparametric tests based on conditional‐correlation approach. Since asymmetric information implies that more comprehensive coverage is associated with higher risk, we examine whether the better insured have a higher frequency of claims or cause more severe accidents. Using data on claim occurrences, incurred losses and written premiums, and controlling for the insureds’ experience rating, we do not find any evidence of asymmetric information in this market.