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

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      <subfield code="a">Bikker, Jacob a.</subfield>
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      <subfield code="a">Performance of the life insurance industry under pressure</subfield>
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      <subfield code="c">Jacob A. Bikker</subfield>
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      <subfield code="a">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.</subfield>
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      <subfield code="a">Mercado de seguros</subfield>
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      <subfield code="a">Evolución del seguro</subfield>
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      <subfield code="a">Cálculo actuarial</subfield>
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      <subfield code="t">Risk management & insurance review</subfield>
      <subfield code="d">Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-</subfield>
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      <subfield code="g">01/03/2016 Tomo 19 Número 1 - 2016 , p. 73-104</subfield>
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