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Competition among non-life insurers under solvency constraints: A game-theoretic approach

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  • Dutang, Christophe
  • Albrecher, Hansjoerg
  • Loisel, Stéphane

Abstract

We formulate a noncooperative game to model competition for policyholders among non-life insurance companies, taking into account market premium, solvency level, market share and underwriting results. We study Nash equilibria and Stackelberg equilibria for the premium levels, and give numerical illustrations.

Suggested Citation

  • Dutang, Christophe & Albrecher, Hansjoerg & Loisel, Stéphane, 2013. "Competition among non-life insurers under solvency constraints: A game-theoretic approach," European Journal of Operational Research, Elsevier, vol. 231(3), pages 702-711.
    • Handle: RePEc:eee:ejores:v:231:y:2013:i:3:p:702-711
    DOI: 10.1016/j.ejor.2013.06.029
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