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Time: 12:00 pm

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Author: Dionne, Georges

Title: Does Opportunistic Fraud in Automobile Theft Insurance Fluctuate with the Business Cycle?

Summary: The report analyzes the empirical relationship between opportunistic fraud and business cycle. The authors find that residual opportunisitc fraud exists both in the contract with replacement cost endorsement and the contract with no-deductible endorsement in the Taiwan automobile theft insurance market. These results are consistent with previous literature on the relationship between fraud activity and insurance contracting. The authors also show that the severity of opportunistic fraud fluctuates in the opposite direction to the business cycle. Opportunistic fraud is stimulated during periods of recession and mitigated during periods of expansion.

Details: Montreal, Canada: CIRRELT, 2011.

Source: Internet Resource: CIRRELT-2011-49, Accessed on December 6, 2011 at: https://www.cirrelt.ca/DocumentsTravail/CIRRELT-2011-49.pdf

Year: 2011

Country: Canada

URL: https://www.cirrelt.ca/DocumentsTravail/CIRRELT-2011-49.pdf

Shelf Number: 123495

Keywords:
Automobile Theft
Canada
Fraud
Insurance
Taiwan