Does Surplus Participation Reflect Market Discipline ? An Analysis of the German Life Insurance Market

@inproceedings{Eling2011DoesSP,
  title={Does Surplus Participation Reflect Market Discipline ? An Analysis of the German Life Insurance Market},
  author={Martin Eling and Dieter Kiesenbauer},
  year={2011}
}
The aim of this paper is to analyze whether the level of surplus participation affects customer demand. We use multivariate linear regression models and data on surplus participation, new business and lapse for the German life insurance market from 1998 to 2008. We find a significant positive dependence between surplus participation and new business growth… CONTINUE READING