Chapter One: Why do Banks enter Insurance? Industry- and Firm-level Incentives

Tobias C. Hoschka
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Tobias C. Hoschka: University of Oxford

A chapter in Bancassurance in Europe, 1994, pp 7-54 from Palgrave Macmillan

Abstract: Abstract This first chapter of the study deals with the economic incentives for a bank to enter the insurance sector, both from an industry-as well as a firm-level perspective. It addresses the following key issues: • How has the regulatory environment changed over the past decade and facilitated the crossing of formerly strictly defined industry boundaries between banking and insur-ance? • How has the general operating environment of banking changed and influenced the background against which banks decide to enter insurance? • What is the growth and profit potential of life insurance and what role does it play in the EC countries? • What firm-level factors influence banks’ decision to enter insurance and in particular what synergy effects exist be-tween banking and insurance?

Keywords: Switching Cost; Financial Service; Public Pension; Insurance Product; Insurance Sector (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23455-4_2

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DOI: 10.1007/978-1-349-23455-4_2

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