Damages after deregulation - dynamic effects in the German motor vehicle insurance industry
Research output: Journal contributions › Journal articles › Research
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In: IFO-Studien, Vol. 47, No. 4, 2001, p. 505-529.
Research output: Journal contributions › Journal articles › Research
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TY - JOUR
T1 - Damages after deregulation - dynamic effects in the German motor vehicle insurance industry
AU - Wein, Thomas
N1 - Literaturverz. S. 528 - 529
PY - 2001
Y1 - 2001
N2 - Since 1994 the highly regulated German insurance market have been deregulated. Insurers have been allowed to calculate their premiums and to offer contracts without regulation. Especially in the motor vehicle insurance several innovations were introduced: age of car, garage, kilometers per year and so on are decisive to get rebates or additional premiums. According to the traditional literature about adverse selection the paper analyzes whether these tariff items are instruments to select better between low and high risks than before regulation. Age of car and kilometers variables seem to have such selecting effects for one or two years.
AB - Since 1994 the highly regulated German insurance market have been deregulated. Insurers have been allowed to calculate their premiums and to offer contracts without regulation. Especially in the motor vehicle insurance several innovations were introduced: age of car, garage, kilometers per year and so on are decisive to get rebates or additional premiums. According to the traditional literature about adverse selection the paper analyzes whether these tariff items are instruments to select better between low and high risks than before regulation. Age of car and kilometers variables seem to have such selecting effects for one or two years.
KW - Economics
KW - Kraftfahrzeughaftpflichtversicherung
KW - Prämiendifferenzierung
KW - Risikogruppe
M3 - Journal articles
VL - 47
SP - 505
EP - 529
JO - IFO-Studien
JF - IFO-Studien
SN - 0018-9731
IS - 4
ER -