Cost Differences of Distribution Systems by Line in the Property and Liability Insurance Industry
AbstractThis study identifies changes in aggregate market share between 1976 and 1988 for property and liability companies classified by distribution system. Evidence is presented that distribution system type produces differences in relative total expense levels. Market share changes suggest independent agency companies are most effective in lines where claimed higher levels of service are important, such as in workers’ compensation and the commercial insurance lines. The independent agency companies have been less effective in maintaining market share in standardized lines such as homeowners and personal automobile. In standardized lines, cost appears more important and claimed higher levels of service and professionalism are less likely to have an impact.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Western Risk and Insurance Association in its journal Journal of Insurance Issues.
Volume (Year): 16 (1993)
Issue (Month): 2 ()
Contact details of provider:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Hecht, Jason, 1999. "Modeling market shares of the leading personal automobile insurance companies," Journal of Economics and Business, Elsevier, vol. 51(3), pages 279-296, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (James Barrese).
If references are entirely missing, you can add them using this form.