The Italian Motor Insurance Market: Will the Recent Interventions Solve the Old Efficiency Problems?

2014 ◽  
Vol 39 (3) ◽  
pp. 545-568 ◽  
Author(s):  
Donatella Porrini
Keyword(s):  
Insurance Market ◽  
Motor Insurance

The Unpleasant Effects of Price Deregulation in the European Third-Party Motor Insurance Market: A Theoretical Framework

2007 ◽  
Vol 7 (1) ◽  
Author(s):  
Domenico Scalera ◽  
Alberto Zazzaro
Keyword(s):  
Theoretical Framework ◽  
Third Party ◽  
Insurance Market ◽  
Competition Effect ◽  
Marginal Costs ◽  
Price Game ◽  
Long Run ◽  
Motor Insurance ◽  
The Impact ◽  
Optimal Incentives

Abstract In some European countries, the liberalization of the motor insurance market in the 1990s led to substantial increases in fares and claims throughout the whole decade. In this paper we argue that these phenomena are due to the impact of liberalization on companies' optimal incentives to fight fraud. By developing a circular city competition model with a cost-reducing stage prior to the price game and a settlement stage following it, we show that price deregulation entails decreasing monitoring investments and increasing claims both in the short and long run. Even equilibrium premiums may steadily increase if the ``competition effect" connected to new entries is outweighed by a ``monitoring effect" that raises marginal costs.

scholarly journals CURRENT STATE OF MOTOR INSURANCE MARKET DEVELOPMENT

2019 ◽  
Vol 2(27) (1) ◽  
pp. 217-221
Author(s):  
Nadiya Solovei ◽  
◽  
Anna Zheliba ◽  
Keyword(s):  
Insurance Market ◽  
Market Development ◽  
Current State ◽  
Motor Insurance

scholarly journals Роль автотранспортного страхования в системе обеспечения финансово-экономической безопасности Российской Федерации

2019 ◽  
pp. 178-182
Author(s):  
Елена Смирнова ◽  
Илона Булавчик
Keyword(s):  
Russian Federation ◽  
Negative Impact ◽  
Liability Insurance ◽  
Insurance Market ◽  
Impact Factors ◽  
Court Decisions ◽  
Financial Security ◽  
Green Card ◽  
Motor Insurance ◽  
The Russian Federation

Работа посвящена исследованию роли автотранспортного страхования в системе финансово-экономической без- опасности Российской Федерации, а также изучению факторов, влияющих на неё. Проведен анализ основных показателей страхового рынка, предоставлены данные о судебных выплатах автоюристам. При исследовании страхового рынка и рынка автотранспортного страхования были применены методы наблюдения и сбора фактов, при изучении динамики показателей рынка страхования в целом и показателей рынков ОСАГО и КАСКО в частности − метод анализа. Исследование изменения показателей страховых премий и страховых выплат проводилось методом сравнения. The purpose of the research lies in studying the role of the motor insurance in the economic and financial security of the Russian Federation. Hence, the purpose requires exploring the notions of ‘economic and financial security’ and ‘motor insurance’, moni- toring the indices of the motor insurance market as compared to other insurance market indices on average, considering factors and issues with a negative impact on the market of motor insur- ance and analyzing the ratio of payouts on claims under court decisions to such not based on court decisions. The study speci- fies different kinds of motor insurance, i.e. compulsory vehicle owners’ liability insurance, voluntary vehicle owners’ liability insurance, comprehensive cover and international insurance (Green Card). The dynamics of the insurance premiums and settlement payments have been studied over the period from 2014 to 2018, showing a tendency towards shrinking in motor insurance share of the total premiums and payments. Apart from eliciting the negative impact factors, the ways of eliminating them have been offered; the structure of judicial enforcement has also been in focus. The main findings may be summarized as fol- lows: payouts on claims under court decisions prevail over such not based on court decisions and motor insurance is of great significance for the economic and financial security of the Russian Federation.

Prediction of Technical Reserves Based on Grey Model — GM(1,1): Evidence from Non-life Egyptian Insurance Market

2019 ◽  
Vol 10 (9) ◽  
pp. 852-860
Author(s):  
Mahmoud Elsayed ◽  
◽  
Amr Soliman ◽  
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
Insurance Market ◽  
Grey Model ◽  
Loss Ratio ◽  
Grey System ◽  
Mathematical Technique ◽  
Supervisory Authority ◽  
Error Ratio ◽  
Using Data

Grey system theory is a mathematical technique used to predict data with known and unknown characteristics. The aim of our research is to forecast the future amount of technical reserves (outstanding claims reserve, loss ratio fluctuations reserve and unearned premiums reserve) up to 2029/2030. This study applies the Grey Model GM(1,1) using data obtained from the Egyptian Financial Supervisory Authority (EFSA) over the period from 2005/2006 to 2015/2016 for non-life Egyptian insurance market. We found that the predicted amounts of outstanding claims reserve and loss ratio fluctuations reserve are highly significant than the unearned premiums reserve according to the value of Posterior Error Ratio (PER).

State Approaches to Premium Rate Reforms in the Individual Health Insurance Market

2014 ◽  
Author(s):  
Sabrina Corlette Corlette ◽  
Kevin W. Lucia Lucia ◽  
Justin Giovannelli Giovannelli
Keyword(s):  
Health Insurance ◽  
Insurance Market ◽  
Premium Rate ◽  
Individual Health ◽  
Health Insurance Market ◽  
The Individual
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