Structural Adjustment and Change in the Australian Life Insurance Industry Post Demutualisation
AbstractIn the last decade the ownership structure of Australia's life insurance industry has undergone a fundamental change. Traditionally, the sector had been dominated by a group of large mutual associations which had historically been the market leaders. In the space of less than a decade, this form of ownership has disappeared as the industry responded to the market adjustment brought about by deregulation of the financial sector. An information cost framework is used in this paper to analyse the consequences of deregulation and its implications for the life insurance industry in Australia.
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Bibliographic InfoPaper provided by Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance in its series Economics Series with number 2005_15.
Length: 24 pages
Date of creation: 23 Oct 2005
Date of revision:
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mutual life insurance; deregulation; information costs; organisational change;
Find related papers by JEL classification:
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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