IDEAS home Printed from https://ideas.repec.org/a/bla/ozechr/v47y2007i3p278-299.html
   My bibliography  Save this article

The Nature And Development Of The General Insurance Industry In Australia To 1973

Author

Listed:
  • Monica Keneley
  • Tom McDonald

Abstract

The development of the insurance industry in Australia in the twentieth century was fundamentally shaped by a collusive code of conduct called the tariff. This arrangement, established to overcome problems of uncertainty, initially benefited both tariff and non‐tariff firms by enhancing market stability. It also reduced competition. The collusive agreements gradually broke down, however, as new entrants and products entered the market in the 1950s. Self‐regulation gradually gave way as the ‘rules of the game’ changed. The result was a period of instability before new competitive practices, and more direct and specific regulatory requirements emerged in the 1970s.

Suggested Citation

  • Monica Keneley & Tom McDonald, 2007. "The Nature And Development Of The General Insurance Industry In Australia To 1973," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 47(3), pages 278-299, November.
    • Handle: RePEc:bla:ozechr:v:47:y:2007:i:3:p:278-299
    DOI: 10.1111/j.1467-8446.2007.00212.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8446.2007.00212.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-8446.2007.00212.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ozechr:v:47:y:2007:i:3:p:278-299. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/oznzsea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.