Paradoxical price effects on insurance markets

Banyár, József; Regős, Gábor

doi:10.1016/j.econmod.2012.02.018

Cited by 3 publications

(2 citation statements)

References 16 publications

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“…Rochet and Tirole (2003) observe that prices often tend to be higher on the side that is multi-homing as it competes for the single-homing side to join. This somewhat anti-intuitive effect has been confirmed by a study on "paradoxical price effects on insurance markets" (Banyár and Regős 2012). The 2018 U.S. Supreme Court case "Ohio v. American Express" investigating the nature of antitrust law in relation to two-sided markets has led to a surge in the literature on the regulation of MSPs (see, for example, OECD 2018; Wright and Yun 2019).…”

Section: Review Of the Intermediary Role Of Mspsmentioning

confidence: 95%

The Future of Insurance Intermediation in the Age of the Digital Platform Economy

Stricker,

Wagner,

Zeier Röschmann

2023

JRFM

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Today most insurance is sold by over a million brokers and independent agents acting as intermediaries between the insurance companies and their customers. Digitalization and changing customer behavior have fostered the development of insurtech businesses, and, more recently, multi-sided platforms are emerging as new market forms for insurance intermediation. This paper aims to provide a better understanding of how the emergence of the platform economy, with a market dominated by multi-sided platforms, will potentially impact insurance intermediation in the future. Using inductive content analysis on the results of a systematic literature review of the body of research on insurance intermediation, we identify the key functional roles fulfilled by insurance intermediaries. Applying these roles to a literature review on multi-sided platforms allows us to compare how different market forms and players embody the functional roles of intermediaries. Our findings suggest that multi-sided platforms are better able to perform certain roles in terms of agility, scale and scope, and we discuss the future role of platforms in insurance intermediation.

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Section: Review Of the Intermediary Role Of Mspsmentioning

confidence: 95%

The Future of Insurance Intermediation in the Age of the Digital Platform Economy

Stricker,

Wagner,

Zeier Röschmann

2023

JRFM

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“…There are still some other variables, such as consumer price index (CPI), surplus of insurance companies and market concentration ratio, that could have a short-or longterm relationship with insurance price; even the cost of distribution channels can have a significant impact on insurance price (Banyár & Regős, 2012), but, currently, we focus on real GDP, interest rate and rate of market return in this study due to constraints in data availability. The relationship between insurance price and interest rate (r), real GDP and rate of market return (Rm) is examined in an ARDL cointegration framework.…”

Section: Rate Of Market Returnmentioning

confidence: 99%

Non-life insurance price dynamics: evidence from the Chinese insurance market

Tian

Jiang

Pan

et al. 2018

Economic Research-Ekonomska Istraživanja

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Non-life insurance prices may fluctuate due to economic and/or institutional factors; occasionally, the changes are cyclical. While the majority of previous studies relating to insurance price dynamics adopt data from developed economies, this paper uses data from China to provide new evidence. This study tests the long-term and short-term effects of real gross domestic product (GDP), interest rate and rate of stock market return on the prices of different lines of non-life insurance, i.e., property-liability insurance and personal accident insurance. The results indicate that the price dynamics of property-liability insurance are generally similar to those of developed countries, except for the effect of GDP, while price determination of personal accident insurance seems to be affected by a wider range of economic and institutional variables and has its own features. The price dynamics of non-life insurance in China have been identified as being connected to the country-specific economic and institutional environments.

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Stakeholders on the Insurance Market

Witkowska

2014

oej

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The aim of this study was to identify and describe the stakeholders on the insurance market and their expectations towards insurers. Insurance companies conduct operations on the financial market by collaborating with various market actors, including the owners, managers and employees of insurance undertakings, exclusive agents, independent agents, insurance brokers, private and institutional clients, banks, reinsurers, outsourcing companies, market competitors, insurance organizations, providers of business support services, research and development organizations and members of the community. Each stakeholder group has specific expectations towards insurers.

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Paradoxical price effects on insurance markets

Cited by 3 publications

References 16 publications

The Future of Insurance Intermediation in the Age of the Digital Platform Economy

The Future of Insurance Intermediation in the Age of the Digital Platform Economy

Non-life insurance price dynamics: evidence from the Chinese insurance market

Stakeholders on the Insurance Market

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