Asymmetric information, self-selection and pricing of insurance contracts: the simple no-claims case

This paper presents an optional bonus-malus contract based on a pri-ori risk classification of the underlying insurance contract. By inducing self-selection, the purchase of the bonus-malus contract can be used as a screening device. This gives an even better pricing performance than both an experience rating scheme and a classical no-claims bonus system. An application to the Danish automobile insurance market is considered

Development of cisgenic apples with durable resistance to apple scab

Most of the apple (Malus × domestica) growers are facing serious disease problems with apple scab which is caused by the fungus Venturia inaequalis. Developing a resistant variety in apple through classical breeding is very slow and inefficient. So, we aim at improving existing apple varieties through a new concept called “cisgenesis” which saves time and effort compared to classical breeding. Malus floribunda proved to be a good source of natural scab resistance genes. The genes HcrVf1 and HcrVf2, consisting of promoter, coding and terminator sequences in their natural configuration, were isolated from Malus floribunda and cloned into the binary vector pMF1. Apple cv. ‘Gala’ was transformed with pMF1 containing HcrVf1 and HcrVf2, individually or in combination. pMF1 can be used to obtain marker-free plants by recombinase-based excision of a fragment carrying undesired gene sequences, such as antibiotic-selection marker genes, leaving behind only the gene(s)-of-interest and one recombination site. Using this vector it is therefore possible to stack several genes by retransformation using the same selection procedure. In order to obtain durable resistance, we have the intention to combine different resistance genes from Malus either by stacking them one by one or by introducing them all together in one T-DNA. Performance of all different types of cisgenic plants will be evaluated by monitoring scab resistance levels phenotypically and by determining gene expression profiles through quantitative RT-PC

ROMANIAN COMPULSORY MOTOR THIRD PARTY LIABILITY INSURANCE IN 2010 AND THE PREDICTABLE FUTURE

Insurance coverage is mandatory for the motor’s owners. Analyzing the condition of theinsurance market trough 2010, by the gross written insurance premiums and the losses compensationsin the same period, the study analyzes the Romanian bonus-malus system, by comparing it with thebonus-malus system of other states. The study reveals the impact of bonus-malus clause, and also theimpact of the economic and financial crisis upon insurance market, the insufficiencies of the MTPLsystem and the ways of improving it. In the last part of this study, we analyze the future changes thatthe insurance companies have to make in according with the elimination of the discrimination troughgender in this insurance field.mandatory insurance, insurance premium, Romanian bonus-malus system

A new paradigm of governance for a carbon-pricing system

Throughout its life, the United Nations has played a pioneering role in the world of ideas. COP21 – also known as Paris 2015 – shows the path for the United Nations to establish a new governance that will enforce the compliance of a new planetary carbon-pricing system. Maintaining global warming below 2 °C means implementing an efficient carbon-pricing system, supported by effective measures promoting a green energy transition. A planetary carbon governance yields a number of new insights that include the following: (1) a bonus-malus system with a fixed signal price for carbon, (2) a planetary carbon market that will gather existing regional carbon markets, (3) a hybrid carbon-pricing system linking a carbon tax and a carbon market for advanced countries and (4) a support mechanism for emerging and developing countries to assist them with a carbon-pricing system. This new governance will promote an energy transition plan. In the COP21 context, responsible policymaking requires key characteristics for the enforcement of a successful planetary carbon-pricing system

Identification and mapping of the novel apple scab resistance gene Vd3

Apple scab, caused by the fungal pathogen Venturia inaequalis, is one of the most devastating diseases for the apple growing in temperate zones with humid springs and summers. Breeding programs around the world have been able to identify several sources of resistance, the Vf from Malus floribunda 821 being the most frequently used. The appearance of two new races of V. inaequalis (races 6 and 7) in several European countries that are able to overcome the resistance of the Vf gene put in evidence the necessity of the combination of different resistance genes in the same genotype (pyramiding). Here, we report the identification and mapping of a new apple scab resistance gene (Vd3) from the resistant selection “1980-015-25” of the apple breeding program at Plant Research International, The Netherlands. This selection contains also the Vf gene and the novel V25 gene for apple scab resistance. We mapped Vd3 on linkage group 1, 1 cM to the south of Vf in repulsion phase to it. Based on pedigree analysis and resistance tests, it could be deduced that 1980-015-25 had inherited Vd3 from the founder “D3.” This gene provides resistance to the highly virulent EU-NL-24 strain of race 7 of V. inaequalis capable of overcoming the resistance from Vf and Vg

Quantum mechanics and EPR paradox

The orthodox quantum mechanics has been commonly regarded as being supported decisively by the polarization EPR experiments, in which Bell's inequalities have been violated. The given conclusion has been based, however, on several mistakes that have not been yet commonly known and sufficiently analyzed. The whole problem will be newly discussed and a corresponding solution will be proposed.Comment: 8 pages incl. 3 figure