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Competitive Behaviour and Pricing Policy

In: A Guide to Insurance Management

Author

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  • Walter Karten

Abstract

The prices of economic goods result from the meeting of supply and demand in a market. The objective of this chapter is to point out some fundamental aspects of pricing policy from an insurance company’s point of view. Following some remarks on price and product in the insurance sector, and a distinction between calculation and pricing policy, a short description of the components of the insurance premium is given. A discussion of the influence of market structure and competition on pricing concludes this chapter.

Suggested Citation

  • Walter Karten, 1990. "Competitive Behaviour and Pricing Policy," Palgrave Macmillan Books, in: Stephen Diacon (ed.), A Guide to Insurance Management, chapter 12, pages 194-207, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07495-2_12
    DOI: 10.1007/978-1-349-07495-2_12
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    Cited by:

    1. Brian Lawrence, 2001. "Significant Developments In Motor Insurance In Thailand," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 4(1), pages 39-52, March.

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