The Effect of Regulation on Insurance Pricing: The Case of Germany

被引：19

作者：

Berry-Stoelzle, Thomas R. ^{[1
]}

Born, Patricia ^{[2
]}

机构：

[1] Univ Georgia, Terry Coll Business, Athens, GA 30602 USA

[2] Florida State Univ, Dept Risk Management Insurance Real Estate & Busi, Tallahassee, FL 32306 USA

来源：

JOURNAL OF RISK AND INSURANCE | 2012年 / 79卷 / 01期

关键词：

PROPERTY-LIABILITY INSURANCE; AUTOMOBILE INSURANCE; CAPACITY CONSTRAINTS; UNDERWRITING CYCLES; INTEREST-RATES; MARKETS; INDUSTRY; EXPECTATIONS; PERFORMANCE; CRISES;

D O I：

10.1111/j.1539-6975.2010.01398.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This article analyzes the impact of policy form regulation on the unit price of insurance and determinants of premium changes using the 1994 deregulation of the German propertyliability market as a natural experiment. Our result show that policy form regulation did not increase prices above competitive levels. Factors influencing premium changes are significantly different for the two time periods, pre- and post-deregulation, indicating that regulation affects insurance pricing. Focusing on highly competitive lines after deregulation, we find a significant price decrease, and this decrease is offset by higher prices in the remaining other lines.

引用

页码：129 / 164

页数：36

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