IDEAS home Printed from https://ideas.repec.org/a/pal/gpprii/v38y2013i1p43-61.html
   My bibliography  Save this article

Foreign Participation and Its Relationship with Non-Life Insurer Performance in the Northeast Asian Markets

Author

Listed:
  • Yu-Luen Ma

    (Katie School of Insurance and Financial Services, Illinois State University, Normal, IL 61790-5490, U.S.A.)

  • Nat Pope

    (Katie School of Insurance and Financial Services, Illinois State University, Normal, IL 61790-5490, U.S.A.)

  • Raymond Yeung

    (Australia and New Zealand Banking Group (ANZ), Level 22, Three Exchange Square, 8 Connaught Place, Central, Hong Kong.)

Abstract

This research examines the relationship shared by a national insurance market's competitive structure and insurer profitability. For these purposes, a market's competitive structure is defined by the level of foreign presence and market concentration. The analysis focuses on the four major non-life insurance markets of Asia: Japan, the People's Republic of China, South Korea and Taiwan. The analysis tests hypotheses derived from the broad body of theory generally referred to as the structure-conduct-performance (SCP) hypothesis. The methodological approach makes a significant improvement over previous related work in that it also includes insurer-level data in additional to market-level control variables. In doing so, this research holds out the potential for consideration in the development of insurer-specific strategies in light of a potential influx of foreign competitors. The key findings of this research include general support for the expectations of the SCP hypothesis that predicts dominant firms in concentrated markets will drive up product price and generate associated higher levels of profit.

Suggested Citation

  • Yu-Luen Ma & Nat Pope & Raymond Yeung, 2013. "Foreign Participation and Its Relationship with Non-Life Insurer Performance in the Northeast Asian Markets," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 38(1), pages 43-61, January.
  • Handle: RePEc:pal:gpprii:v:38:y:2013:i:1:p:43-61
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/gpp/journal/v38/n1/pdf/gpp201220a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: http://www.palgrave-journals.com/gpp/journal/v38/n1/full/gpp201220a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Elizabeth Savage & Glenn Jones, 2004. "An Analysis of the General Practice Access Scheme on GP Incomes, Bulk Billing and Consumer Copayments," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 37(1), pages 31-40, March.
    Full references (including those not matched with items on IDEAS)

    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:pal:gpprii:v:38:y:2013:i:1:p:43-61. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.palgrave-journals.com/ .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.