Professional Liability Insurance Contracts: Claims Made Versus Occurrence Policies par Martin Boyer et Karine Gobert

Nous présentons une approche théorique qui s’intéresse aux déterminants du choix de type de police d’assurance entre les contrats Claims-made et les contrats Occurrence. La grande différence entre les deux types de contrats est que le premier rend responsable l’assureur actuel pour des incidents passés qui sont rapportés aujourd’hui, alors que le second rend responsable l’assureur actuel pour les incidents aujourd’hui qui ne seront rapportés que dans le futur. Le but de l’article est justement de regarder dans quelles circonstances un assuré devrait préférer un contrat plutôt que l’autre.

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We present in this paper a theoretical approach that argues when one should opt for claims-made or for occurrence-based policies in liability insurance. Occurrence-based contracts cover the policyholder for losses incurred in a given year, no matter when the claims is actually reported in the future. In claims-made contracts, losses are covered in the year in which they are reported no matter when they occured in the past provided a claims-made insurance policy was valid then. The major difference between the two types of contract is thus that occurrence contracts are forward looking whereas claims-made contracts are retrospective. The goal of this paper is to analyze in what circumstances policyholders would prefer one contract of the other. Lire la suite