The Distribution of Property/Liability Insurance in Canada: Costs and Market Structure

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dc.contributor.authorKleffner, Anneeng
dc.contributor.authorKelly, Maryeng
dc.date.accessioned2011-08-05T17:19:36Z
dc.date.available2011-08-05T17:19:36Z
dc.date.issued2006
dc.descriptionArticle deposited after permission was granted by the Western Risk and Insurance Association, August 1, 2011.eng
dc.description.abstractStudies in the U.S. show that insurers that operate as exclusive writers have lower expense ratios than agency writers. In addition, exclusive and commodity writers dominate personal lines of insurance and agency writers dominate commercial lines. In contrast, Canadian agency writers dominate both personal and commercial lines. Furthermore, in Canada, a firm's distribution method does not affect its relative expenses. We conjecture that the higher fixed costs faced by exclusive and commodity writers in Canada counterbalance the lower variable costs faced by these firms. The lack of dominance in personal lines by Canadian exclusive writers is a rational response to the smaller market size in Canada and the higher level of government intervention.eng
dc.description.refereedYeseng
dc.identifier.citationAnne Kleffner & Mary Kelly. “The Distribution of Property/Liability Insurance in Canada: Costs and Market Structure.” The Journal of Insurance Issues Vol. 29, No. 1: 2006eng
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/34120
dc.identifier.issn1531-6076
dc.identifier.urihttp://hdl.handle.net/1880/48703
dc.language.isoengeng
dc.publisherWestern Risk and Insurance Associationeng
dc.publisher.corporateUniversity of Calgaryeng
dc.publisher.facultyHaskayne School of Businesseng
dc.publisher.urlhttp://www.wria.org/journal.htmleng
dc.titleThe Distribution of Property/Liability Insurance in Canada: Costs and Market Structureeng
dc.typejournal article
thesis.degree.disciplineFinance Risk Management & Insuranceeng
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