The Effect of regulation on insurance pricing : the case of Germany

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      <subfield code="a">This article analyzes the impact of policy from regulation on the unit price of insurance and determinants of premium changes using the 1994 deregulation of the German property-liability market as a natural experiment. Our result shoe that policy from regulation did not increase prices above competitive levels. Factors influencing premium changes are significantly different for two periods, pre-and post-deregulation, indicating that regulation affects insurance pricing. Focusing on highly competitive lines after deregulation, we find a significant price decrease, and this decrease is offset by higher prices in the remaining other lines</subfield>
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      <subfield code="t">The Journal of risk and insurance</subfield>
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      <subfield code="g">01/03/2012 Tomo 79 Número 1 - 2012 , p. 129-164</subfield>
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