Challenges and Trends for Insurance Companies

Markus Frosch, Joachim Lauterbach () and Markus Warg ()
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Markus Frosch: Promerit AG
Joachim Lauterbach: vwd Vereinigte Wirtschaftsdienste GmbH
Markus Warg: Deutscher Ring Versicherungsunternehmen

Chapter 31 in Handbook on Information Technology in Finance, 2008, pp 753-771 from Springer

Abstract: Abstract There are some 670 insurance companies1 operating in the German insurance market that grew in 2004 by 1.6 percent in direct non-life/accident insurance, by 2.6% in life insurance and by 7.8% in health insurance. In such mature and highly competitive markets policies, prices and commissions converge as a result so that in many segments insurance services can almost be regarded as standardised products from a customer perspective.

Keywords: Contribution Margin; Balance Scorecard; Expense Ratio; Core Product; Business Segment (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ihichp:978-3-540-49487-4_31

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DOI: 10.1007/978-3-540-49487-4_31

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