| Universität St. Gallen|
Efficiency and Competition in Insurance Markets
Unter Mitarbeit von
Eling, Martin (Dr.)
Deutschland; Versicherungsmarkt; Markteffizienz; Wettbewerb; Internationaler Vergleich; Vermögensschadenhaftpflichtversicherung; Kraftfahrzeughaftpflichtversicherung; Geschichte 1995-2006
DDC (Dewey Decimal Classification)
Wirtschaft - 330
Freie Stichwörter (deutsch)
Versicherungswirtschaft; Versicherung; Effizienz
Freie Stichwörter (englisch)
Insurance markets; efficiency; competition
Insurance markets have been subject to significant change during the last 15 years due to strong deregulatory efforts. In this context, the research agenda of the presented cumulative thesis is centered around two areas, which have been strongly affected: efficiency of national and international insurance markets as well as competition in these markets.
The first part of the thesis consists of three working papers. It gives an overview on efficiency measurement in the insurance industry and also contributes to the understanding of the efficiency of insurance markets at the international level through an empirical cross-country comparison. At the national level, a detailed efficiency study of the German property-liability market is provided. Valuable insights are gained with respect to determinants of efficiency as well as differences in efficiency across different countries, lines of business, distribution forms, capital structures, organizational forms, and firm sizes.
In the second part of the thesis, which consists of two working papers, competition in insurance markets is analyzed with a special focus on Germany. Using the concept of underwriting cycles, the effects of recent deregulation and increase in competition on the dynamics of the German property-liability market are studied. Furthermore, a specific analysis of the German motor insurance market is conducted in order to test the hypothesis that there have been two price wars during the post-deregulation period.
Schmeiser, Hato (Prof. Dr.)
Maas, Peter (Prof. Dr.)
Erweitertes Diss. Komitee
Link zu diesem Dokument