caa a22 4500 465802869 CHVBK 20180323112057.0 cr unu---uuuuu 170327e19900701xx s 000 0 eng 10.1007/BF00352564 doi (NATIONALLICENCE)springer-10.1007/BF00352564 Ex ante loss control by insurers: Public interest for higher profit [Elektronische Daten] [Harris Schlesinger, Emilio Venezian] This article examines the incentives of an insurer to modify loss distributions prior to the sale of insurance. While actions such as lobbying Congress for mandatory airbags in automobiles are undertaken by insurers for the stated purpose of reducing the aggregate loss in society, they also change the nature of the risk being insured and, hence, affect the profitability of insurance sales. For the case of loss prevention (reducing the probabilty of a loss), insurers do not always have an incentive to invest in loss control. For loss reduction (reducing the severity of any loss that does occur), the incentive is to reduce the size of small losses while simultaneously increasing the size of large losses. Kluwer Academic Publishers, 1990 Schlesinger Harris College of Commerce and Business Administration, The University of Alabama, 35487-0224, Tuscaloosa, AL, USA aut Venezian Emilio Rutgers University, 07104, Newark, New Jersey aut Journal of Financial Services Research Kluwer Academic Publishers 4/2(1990-07-01), 83-92 0920-8550 4:2<83 1990 4 10693 https://doi.org/10.1007/BF00352564 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00352564 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Schlesinger Harris College of Commerce and Business Administration, The University of Alabama, 35487-0224, Tuscaloosa, AL, USA aut NATIONALLICENCE 700 1- Venezian Emilio Rutgers University, 07104, Newark, New Jersey aut NATIONALLICENCE 773 0- Journal of Financial Services Research Kluwer Academic Publishers 4/2(1990-07-01), 83-92 0920-8550 4:2<83 1990 4 10693 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer