Modeling market shares of the leading personal automobile insurance companies

Journal of Economics and Business

Volumn 51, Issue 3, 1999, Pages 279-296

  Hecht, Jason ^a  

^a RAMAPO COLLEGE OF NEW JERSEY   (United States)

Author keywords

Breakeven loss ratio; Differential efficiency and service strategies; Pooled time series cross sectional modeling; Technological advantage

Indexed keywords

EID: 0004512398     PISSN: 00129933     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0148-6195(99)00003-x     Document Type: Article

References (18)

1. Bailey, A. W., Jr. 1989. The independent insurance agency system - Present and future. In Proceedings of the Symposium: The Insurance Distribution System in the '90s. Insurance and Society in the Decades Ahead (Y. I. Kouatly, ed.). Hartford: University of Hartford, Chapter 4.
2. Barrese, J., and Nelson, J. M. 1992. Independent and exclusive agency insurers: A reexamination of the cost differential. Journal of Risk and Insurance 59:375-397.
3. Barrese, J., Doerpinghaus, H. I., and Nelson, J. M. 1995. Do independent agent insurers provide superior service? The insurance marketing puzzle. Journal of Risk and Insurance 62:297-308.
4. Bell, M. A. 1992. Designing a planning system. (Volume II), In Strategic Management for Insurers, Vol. II (C. L. Lewis, ed.). Malvern, PA: Insurance Institute of America, pp. 169-191.
5. Best, A. M. Aggregates & Averages. Oldwick, NJ: A.M. Best Company.
6. Best, A. M. March 27, 1995. Insurers' squeeze on agencies tightens, with no end in sight. Best Week - P/C, 13-16.
7. Carroll, A. M. 1993. An empirical investigation of the structure and performance of the private workers compensation market. Journal of Risk and Insurance 60:185-207.
8. Cather, D. A., Gustavson, S., and Trieschmann, J. 1985. Profitability analysis of property-liability insurers using alternative distribution systems. Journal of Risk and Insurance 52:321-332.
9. Conning & Company. 1995a. Personal auto insurance: Winning strategies for the year 2000. Strategic Studies Series. Hartford: Conning & Company.
10. Conning & Company. 1995b. The independent property casualty agent: The squeeze is still on. Strategic Studies Series. Hartford: Conning & Company.
11. Consumer Reports. 1995. A guide to auto insurance. 60:638-645.
12. Culbert, J. L. 1988. Insurance Insights. New York: S. G. Warburg Securities.
13. Culbert, J. L. Feb. 27, 1989. How to forecast pricing action - Private passenger auto. Best's Insurance Management Reports. Supplement to Financial News.
14. Cummins, J. D., and VanDerhei, J. L. 1979. A note on the relative efficiency of property-liability insurance distribution systems. Bell Journal of Economics 10:709-720.
15. Porter, M. E. 1980. Competitive Strategy. New York: The Free Press.
16. Sass, T. R., and Gisser, M. 1989. Agency cost, firm size, and exclusive dealing. Journal of Law & Economics 32:381-400.
17. Wolff, E. N. 1991. Productivity growth, capital intensity, and skill levels in the U.S. insurance industry, 1948-86. Geneva Papers on Risk and Insurance 16:173-190.
18. Zellner, A. 1962. An efficient method of estimating seemingly unrelated regression and tests for aggregation bias. Journal of the American Statistical Association 57:348-368.