Please use this identifier to cite or link to this item: https://doi.org/10.48548/pubdata-1191
Resource typeWorking Paper
Title(s)Is the Market Classification of Risk Always Efficient? - Evidence from German Third Party Motor Insurance
DOI10.48548/pubdata-1191
Handle20.500.14123/1254
CreatorWein, Thomas  0000-0001-7443-3253  170739767
Schwarze, Reimund
AbstractThis 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.
LanguageEnglish
KeywordsVersicherung; Kraftfahrzeug; Risikoanalyse
Year of publication in PubData2005
Publishing typeFirst publication
Publication versionPublished version
Date issued2005-09-16
Creation contextResearch
Published byMedien- und Informationszentrum, Leuphana Universität Lüneburg
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