Rethinking Consumer Protection Regulation in Insurance Markets

Sharon Tennyson

No 2010-PB-07, NFI Policy Briefs from Indiana State University, Scott College of Business, Networks Financial Institute

Abstract: This paper examines consumer protection regulation in insurance markets and discusses how regulation could be made more efficient and robust. The paper argues that regulatory costs could be lowered and effectiveness enhanced by better targeting regulations to address market failures. Regulations should also recognize and attempt to harness the private incentives of market participants to encourage behaviors that are consistent with regulatory objectives. Applying theoretical and empirical insights from academic research and the experiences of other jurisdictions, specific approaches that make use of these principles are discussed.

Keywords: Protection; Insurance (search for similar items in EconPapers)
JEL-codes: D18 G22 G28 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2010-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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