Premium differentiation in social insurance
January 1998
Internal Report
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Premium differentiation in disability insurance encourages employers to improve working conditions in order to combat disability. Furthermore, by introducing competition in disability insurance, the implementation and administration of the insurance becomes more efficient. This advantage does not apply to premium differentiation in unemployment schemes because the unemployment risk, which is correlated among firms, cannot be insured by private companies. Premium differentiation may even have unfavorable consequences by raising unemployment duration.
Automatically Extracted Terms
- unemployment
- experience rating
- disability
- premium
- insurance
- rating
- experience
- worker
- scheme
- benefit
- premium differentiation
- employer
- disability insurance
- unemployment schemes
- unemployment insurance
- unemployment risk
- differentiation
- unemployment benefits
- system
- disability scheme
