Performance of the life insurance industry under pressure : efficiency, competition and consolidation

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<titleInfo>
<title>Performance of the life insurance industry under pressure</title>
<subTitle>: efficiency, competition and consolidation</subTitle>
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<typeOfResource>text</typeOfResource>
<genre authority="marcgt">periodical</genre>
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<dateIssued encoding="marc">2016</dateIssued>
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<abstract displayLabel="Summary">This article investigates efficiency and competition in the Dutch life insurance market by estimating unused scale economies and measuring efficiency-market share dynamics during 19952010. Large unused scale economies exist for small- and medium-sized life insurers, indicating that further consolidation would reduce costs. Over time average scale economies decrease but substantial differences between small and large insurers remain. A direct measure of competition confirms that competitive pressure is lower than in other markets. We do not observe any impact of increased competition from banks, the so-called investment policy crisis or the credit crisis, apart from lower returns in 2008.</abstract>
<note type="statement of responsibility">Jacob A. Bikker</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080570590">
<topic>Seguro de vida</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080596606">
<topic>Evolución del seguro</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080579258">
<topic>Cálculo actuarial</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080637903">
<geographic>Holanda</geographic>
</subject>
<classification authority="">341</classification>
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<titleInfo>
<title>Risk management & insurance review</title>
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<publisher>Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-</publisher>
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<identifier type="issn">1098-1616</identifier>
<identifier type="local">MAP20077001748</identifier>
<part>
<text>01/03/2016 Tomo 19 Número 1 - 2016 , p. 73-104</text>
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