Empirical Findings on Motor Insurance Pricing in Germany, Austria and Switzerland

Daniela Laas, Hato Schmeiser and Joël Wagner ()
Additional contact information
Daniela Laas: Institute of Insurance Economics, University of St. Gallen, Tannenstrasse 19, St. Gallen 9000, Switzerland. E-mails: daniela.laas@unisg.ch; hato.schmeiser@unisg.ch
Hato Schmeiser: Institute of Insurance Economics, University of St. Gallen, Tannenstrasse 19, St. Gallen 9000, Switzerland. E-mails: daniela.laas@unisg.ch; hato.schmeiser@unisg.ch
Joël Wagner: Department of Actuarial Science, University of Lausanne, Quartier UNIL-Dorigny Bâtiment Extranef, Lausanne 1015, Switzerland.

The Geneva Papers on Risk and Insurance - Issues and Practice, 2016, vol. 41, issue 3, 398-431

Abstract: This paper focuses on recent developments in motor insurance pricing in Germany, Austria and Switzerland. Through the analysis of responses to a recent comprehensive survey of industry representatives, we examine the various premium components and the processes involved in premium adaptation. New findings on the use of different tariff criteria, on the tools used for market-based and customer-specific pricing, and on the information considered for customer valuation are reported. We also address the integration of the insurance sales staff in the pricing process. With regard to premium adjustments and the introduction of new tariffs, we examine the frequency, time required and costs incurred. With this paper, we contribute to a strand of literature where little academic research has been done so far. In addition, our results entail managerial implications for improving industry practices in insurance pricing.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.palgrave-journals.com/gpp/journal/v41/n3/pdf/gpp201530a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/gpp/journal/v41/n3/full/gpp201530a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:41:y:2016:i:3:p:398-431

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().