Please use this identifier to cite or link to this item:
https://doi.org/10.48548/pubdata-1191
Resource type | Working Paper |
Title(s) | Is the Market Classification of Risk Always Efficient? - Evidence from German Third Party Motor Insurance |
DOI | 10.48548/pubdata-1191 |
Handle | 20.500.14123/1254 |
Creator | Wein, Thomas 0000-0001-7443-3253 170739767 Schwarze, Reimund |
Abstract | This paper studies the empirical effect of risk classification in the mandatory third-party motor insurance (TPMI) of Germany. We find evidence that inefficient risk categories had been selected in this market while potentially efficient information may have been dismissed. Risk classification did generally not improve the efficiency of contracting or the composition of insureds in this market. These findings can be partly explained by the existence of compulsory fixed coverage and other institutional restraints such as unitary owner insurance in this market. |
Language | English |
Keywords | Versicherung; Kraftfahrzeug; Risikoanalyse |
Year of publication in PubData | 2005 |
Publishing type | First publication |
Publication version | Published version |
Date issued | 2005-09-16 |
Creation context | Research |
Published by | Medien- und Informationszentrum, Leuphana Universität Lüneburg |
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wp_3_Upload.pdf License: Nutzung nach Urheberrecht open-access | 413.58 kB | Adobe PDF | View/Open |
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