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While it improves the efficiency of insurance markets in a variety of ways, if winners and losers can be predicted accurately in advance insurance markets break down because there is no way to pool risk across individuals.
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The objective of this paper is to find out if engaging an insurance intermediary has any effect on cost efficiency of the insurance scheme.
Assuming that the negligence factor remains the same in both modes, our finding that Government hospitals receive lesser payments from insurance intermediary compared to trust mode negates the claim of better operational efficiency of an insurance intermediary.
One measure of the new efficiency of the home insurance business is its ratio of claims expenses to premiums.
The subject of study of this paper is confined only to cost efficiency of engaging an insurance intermediary.
Given the uncertainty surrounding the efficiency of Medicare supplemental insurance however, policymakers have little rational basis upon which to design future Medicare policy changes.
A call by international donors to enhance the efficiency of existing social insurance schemes by introducing the prospective payment method has prompted many developing countries to use the Casemix system.
For her part, Ruchismita would rather see "smart subsidies" that increase the efficiency of the micro-insurance industry.
Administrative efficiency was determined by prompt arrival of insurance funds and promptness of the referral system [ 2- 4, 6, 7].
Further policy relevant research is also needed into how different options of insurance administration impact on efficiency.
This study evaluates the efficiency of the average private supplemental insurance plan for Medicare recipients.
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