Pub Date : 2023-10-27DOI: 10.1057/s10713-023-00091-4
Kylie A. Braegelmann, Jörg Schiller
Abstract When consumers are neither particularly financially literate nor price sensitive, insurers have a strong incentive to pay high commissions to intermediaries for profitable new business. As a part of cost reduction regulation in the German private substitutive health insurance market, a commission cap and a minimum cancelation liability period for insurance intermediaries were introduced in 2012. Despite the fact that the commission cap lowered commissions paid to intermediaries, we provide evidence that the reform was only partly effective, as it led to a decrease in reshuffling of new business in the substitutive market, but did not significantly reduce total acquisition costs of health insurers. Our findings confirm that cost regulation is tricky and can be easily circumvented by insurers, as commission payments are only a part of total acquisition costs.
{"title":"Lowering acquisition costs with a commission cap? Evidence from the German private health insurance market","authors":"Kylie A. Braegelmann, Jörg Schiller","doi":"10.1057/s10713-023-00091-4","DOIUrl":"https://doi.org/10.1057/s10713-023-00091-4","url":null,"abstract":"Abstract When consumers are neither particularly financially literate nor price sensitive, insurers have a strong incentive to pay high commissions to intermediaries for profitable new business. As a part of cost reduction regulation in the German private substitutive health insurance market, a commission cap and a minimum cancelation liability period for insurance intermediaries were introduced in 2012. Despite the fact that the commission cap lowered commissions paid to intermediaries, we provide evidence that the reform was only partly effective, as it led to a decrease in reshuffling of new business in the substitutive market, but did not significantly reduce total acquisition costs of health insurers. Our findings confirm that cost regulation is tricky and can be easily circumvented by insurers, as commission payments are only a part of total acquisition costs.","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"67 8","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136234050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-28DOI: 10.1057/s10713-023-00089-y
Pu Liao, Jinhao Liu
{"title":"Does health insurance extend life expectancy? Evidence from a structural estimation","authors":"Pu Liao, Jinhao Liu","doi":"10.1057/s10713-023-00089-y","DOIUrl":"https://doi.org/10.1057/s10713-023-00089-y","url":null,"abstract":"","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135387467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-26DOI: 10.1057/s10713-023-00087-0
Georges Dionne, Jingyuan Li, Cédric Okou
{"title":"Publisher Correction: An alternative representation of the C-CAPM with higher-order risks","authors":"Georges Dionne, Jingyuan Li, Cédric Okou","doi":"10.1057/s10713-023-00087-0","DOIUrl":"https://doi.org/10.1057/s10713-023-00087-0","url":null,"abstract":"","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135608880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-05DOI: 10.1057/s10713-023-00085-2
Georges Dionne, Jingyuan Li, Cédric Okou
{"title":"An alternative representation of the C-CAPM with higher-order risks","authors":"Georges Dionne, Jingyuan Li, Cédric Okou","doi":"10.1057/s10713-023-00085-2","DOIUrl":"https://doi.org/10.1057/s10713-023-00085-2","url":null,"abstract":"","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135703475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-18DOI: 10.1057/s10713-023-00083-4
R. Castro
{"title":"Optimal unemployment accounts based on observable parameters","authors":"R. Castro","doi":"10.1057/s10713-023-00083-4","DOIUrl":"https://doi.org/10.1057/s10713-023-00083-4","url":null,"abstract":"","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"1 1","pages":"1-11"},"PeriodicalIF":1.5,"publicationDate":"2023-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49509927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-01DOI: 10.1057/s10713-023-00084-3
L. Einav, Amy N. Finkelstein
{"title":"Empirical analyses of selection and welfare in insurance markets: a self-indulgent survey","authors":"L. Einav, Amy N. Finkelstein","doi":"10.1057/s10713-023-00084-3","DOIUrl":"https://doi.org/10.1057/s10713-023-00084-3","url":null,"abstract":"","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"1 1","pages":"1-25"},"PeriodicalIF":1.5,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43734411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-22DOI: 10.1057/s10713-023-00082-5
Alexis Louaas, P. Picard
{"title":"Correction to: Optimal insurance coverage of low-probability catastrophic risks","authors":"Alexis Louaas, P. Picard","doi":"10.1057/s10713-023-00082-5","DOIUrl":"https://doi.org/10.1057/s10713-023-00082-5","url":null,"abstract":"","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"1 1","pages":"1"},"PeriodicalIF":1.5,"publicationDate":"2023-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48800172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-09DOI: 10.1057/s10713-023-00081-6
C. Hott, J. Regner
{"title":"Weather extremes, agriculture and the value of weather index insurance","authors":"C. Hott, J. Regner","doi":"10.1057/s10713-023-00081-6","DOIUrl":"https://doi.org/10.1057/s10713-023-00081-6","url":null,"abstract":"","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"1 1","pages":"1-30"},"PeriodicalIF":1.5,"publicationDate":"2023-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43389916","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-02DOI: 10.1057/s10713-022-00078-7
R. Butler, Gene C. Lai
{"title":"Insurance wage-offer disparities by gender: random forest regression and quantile regression evidence from the 2010–2018 American Community Surveys","authors":"R. Butler, Gene C. Lai","doi":"10.1057/s10713-022-00078-7","DOIUrl":"https://doi.org/10.1057/s10713-022-00078-7","url":null,"abstract":"","PeriodicalId":43920,"journal":{"name":"Geneva Risk and Insurance Review","volume":"48 1","pages":"192 - 229"},"PeriodicalIF":1.5,"publicationDate":"2022-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42058672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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