PubData Leuphana Repository: Is the Market Classification of Risk Always Efficient? - Evidence from German Third Party Motor Insurance

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
Related resources	Relations of this publication Relations of this publication