Can Certification Enhance the Feasibility of Insurance?

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The feasibility of insurance heavily depends on the behaviour of the insured. Certification can be a tool to facilitate risk classification and monitoring. This chapter aims to analyse the role of certification for insurance of risks in agriculture. We develop three cases: (1) liability insurance in the animal feed industry, (2) epidemic disease insurance for farmers, and (3) liability insurance in the horse business. Findings illustrate that certification schemes have potential to enhance feasibility of insurance schemes, among others as a tool to cope with adverse selection. It is recommended to further exploit opportunities of certification as part of insurance design to also address problems of moral hazard and systemic risk.
Original languageEnglish
Title of host publicationCertification – Trust, Accountability, Liability
EditorsPeter Rott
PublisherSpringer
Pages133-142
ISBN (Electronic)9783030024994
ISBN (Print)9783030024987
DOIs
Publication statusPublished - 13 Mar 2019

Publication series

NameStudies in European Economic Law and Regulation
Volume16
ISSN (Print)2214-2037
ISSN (Electronic)2214-2045

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  • Cite this

    Meuwissen, M. P. M. (2019). Can Certification Enhance the Feasibility of Insurance? In P. Rott (Ed.), Certification – Trust, Accountability, Liability (pp. 133-142). (Studies in European Economic Law and Regulation; Vol. 16). Springer. https://doi.org/10.1007/978-3-030-02499-4_6