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Financial integration within the European Union: Towards a single market for insurance

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Author Info
Beckmann, Rainer
Eppendorfer, Carsten
Neimke, Markus

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Abstract

Our study analyses the extent of integration of the EU market for life and non-life insurance. The main integration indicator used is the market share (premium based) of foreign companies in domestic markets. For the calculation of this indicator, three different kinds of foreign presence are taken into account: foreign presence through merger and acquisitions, through branches and agencies and direct cross-border sales without physical presence. Whereas the static view reveals a high degree of national fragmentation the dynamic view indicates advancing integration. The results also show that integration is even less advanced for life than for non-life insurance and that mergers and acquisitions are the dominant strategy to access a foreign market. Besides summarising the liberalisation history of the European insurance sector and discussing consumer benefits from further integration, the study contributes to a better understanding of obstacles to insurance market integration.

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File URL: http://mpra.ub.uni-muenchen.de/5280/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5280.

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Date of creation: 2002
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Handle: RePEc:pra:mprapa:5280

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Related research
Keywords: European Financial Integration Insurance Sector Internal Market

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Find related papers by JEL classification:
K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies
G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Ansgar Belke, 2001. "Too Big to Fail: Bankenkonkurs, "Bailout" und Wählerstimmenkalkül," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 192/2001, Department of Economics, University of Hohenheim, Germany.
  2. Matthias Göcke & Ansgar Belke, 1999. "Micro and Macro Hysteresis in Employment under Exchange Rate Uncertainty," Computing in Economics and Finance 1999 722, Society for Computational Economics. [Downloadable!]
  3. Ansgar Belke & Daniel Gros, 1999. "Estimating the costs and benefits of EMU: The impact of external shocks on labour markets," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 135(1), pages 1-47, March. [Downloadable!] (restricted)
    Other versions:
  4. Ansgar Belke & Carsten Eppendorfer & Jens Michael Heine, 2002. "Zur Bedeutung unterschiedlicher Finanzmarktstrukturen für den geldpolitischen Transmissionsmechanismus in der EWU," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 200/2002, Department of Economics, University of Hohenheim, Germany.
  5. Schüler , Martin, 2002. "Integration of the European market for e-finance : evidence from online brokerage," ZEW Discussion Papers 02-24, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  6. Beckmann, Rainer & Eppendorfer, Carsten & Neimke, Markus, 2002. "Deepening European Financial Integration: Theoretical Considerations and Empirical Evaluation of Growth and Employment Benefits," MPRA Paper 5272, University Library of Munich, Germany. [Downloadable!]
  7. Belke, Ansgar & Gocke, Matthias, 1999. "A Simple Model of Hysteresis in Employment under Exchange Rate Uncertainty," Scottish Journal of Political Economy, Scottish Economic Society, vol. 46(3), pages 260-86, August. [Downloadable!] (restricted)
  8. Beckmann, Rainer & Eppendorfer, Carsten & Neimke, Markus, 2002. "Market Access Strategies in the EU Banking Sector - Obstacles and Benefits towards an integrated European Retail Market," MPRA Paper 5273, University Library of Munich, Germany. [Downloadable!]
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  1. Beckmann, Rainer & Eppendorfer, Carsten & Neimke, Markus, 2002. "Deepening European Financial Integration: Theoretical Considerations and Empirical Evaluation of Growth and Employment Benefits," MPRA Paper 5272, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2008-11-17.

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