Competition reduces profitability : the case of the Indian life microinsurance industry

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      <subfield code="a">Competition reduces profitability</subfield>
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      <subfield code="a">We aim to understand the effect of market and firm-level concentration on return on equity in the Indian life microinsurance industry (LMI). This research is one of the first attempts to empirically test structure-performance issues in India. Using data on 14 companies that remained active in the LMI market during 2009-2019, we demonstrate that firms in the Indian LMI market scored better on profitability measures whenever competitive pressures were lower. We calculate Herfindahl-Hirschman concentration indexes (HHI), market share and entropy measures and use panel data techniques to find a positive effect of concentration and a negative effect of market share. We conclude that LMI-specialised insurers in India perform better than diversified insurers.</subfield>
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      <subfield code="g">01/07/2021 Volumen 46 Número 3 - julio 2021 , p.383-398</subfield>
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