Abstract
This chapter deals with a fact that has been largely neglected up to this point. The insurance industry is one of the most tightly regulated of the economy. The arguments proffered for justifying this regulation are reviewed in Sect. 8.1, which also introduces the distinction between two types of insurance regulation. Section 8.2 is devoted to three theories of regulation designed to explain the changing intensity of insurance regulation and some of its consequences. Empirical evidence regarding the effects of regulation on the industry and consumers is presented in Sect. 8.3. Finally, Sect. 8.4 is devoted to a discussion of recent trends in insurance regulation.
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© 2012 Springer-Verlag Berlin Heidelberg
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Zweifel, P., Eisen, R. (2012). Regulation of Insurance. In: Insurance Economics. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-20548-4_8
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DOI: https://doi.org/10.1007/978-3-642-20548-4_8
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-20547-7
Online ISBN: 978-3-642-20548-4
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