دانلود مقاله ISI انگلیسی شماره 112349
ترجمه فارسی عنوان مقاله

قیمت، کیفیت و توزیع بیمه حفاظت از وام مسکن: یک روش قیمت گذاری هدیون

عنوان انگلیسی
The price, quality and distribution of mortgage payment protection insurance: A hedonic pricing approach
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
112349 2017 14 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : The British Accounting Review, Volume 49, Issue 2, March 2017, Pages 242-255

پیش نمایش مقاله
پیش نمایش مقاله  قیمت، کیفیت و توزیع بیمه حفاظت از وام مسکن: یک روش قیمت گذاری هدیون

چکیده انگلیسی

Mortgage payment protection insurance (hereafter MPPI) provides varying combinations of accident, sickness and unemployment insurance and is used to protect the mortgage payments of policyholders in the event of a fall in income. Despite alleviating housing market failures, this service has been heavily criticised for providing poor value for money and being associated with unhelpful sales techniques especially when sold jointly with a mortgage in the UK. Consequently, the Competition Commission (2009) ruled that after February 2011 MPPI should not be sold jointly with mortgage lending within seven days of the credit transaction. We examine whether this prohibition was justified and if the form of distribution, either jointly with the mortgage or independently influences the premium levels. This assessment uses a hedonic pricing approach with details and premiums of MPPI policies in 2010 and 2012. Despite the success in reducing MPPI premium levels, we conclude that the Competition Commission judgement has raised concerns as to mortgagee protection.