The impact of deregulation on the German and UK life insurance markets: an analysis of efficiency and productivity between 1991-2002
Date published
2007-03
Free to read from
Authors
Supervisor/s
Journal Title
Journal ISSN
Volume Title
Publisher
Cranfield University School of Management
Department
Type
Working Paper
ISSN
Format
Citation
Stephanie Hussels and Damian R. Ward, The impact of deregulation on the German and UK life insurance markets: an analysis of efficiency and productivity between 1991-2002. RP 4/07, Cranfield University School of Management
Abstract
This paper provides an intra and inter-country assessment of deregulation and industry efficiency in the European insurance industry. The impact of deregulation is expected to be magnified within an analysis of the Continental maximal regulated German industry and the Anglo minimal regulated UK industry. Results suggest that while increased competition in the UK is reflected in higher intra-industry cost efficiency; an inter-industry analysis indicates that the German industry dominates UK cost efficiency both before and after deregulation. These results maybe explained by the efficiency enhancing nature of German regulation.
Description
Software Description
Software Language
Github
Keywords
Deregulation, Life insurance, Germany, UK, Frontier methodologies