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Corporate Demand for Insurance: Empirical Evidence from Germany

Krummaker, S. ORCID: 0000-0003-2471-8175 (2016). Corporate Demand for Insurance: Empirical Evidence from Germany. .


Several studies have tested theoretical arguments for corporate insurance purchasing behaviour with mixed evidence. Additionally, there are rarely studies focussing on European markets even though these belong to the largest markets for commercial insurance and reinsurance. This paper presents the first empirical analysis on the property insurance demand in Germany using a dataset of 2160 companies. The analysis suggests that the demand for insurance is influenced by the firm’s size and its ownership structure. Additionally, higher premium payments lead to a lower demand for insurance whereas the number of insurance contracts is positively associated with the insurance demand. No clear evidence was found for the loss-ration or the number of losses. This study also sheds light on the importance of the supply side and the design of the insurance contract for the demand of insurance.

Publication Type: Monograph (Working Paper)
Additional Information: Copyright, the author, 2016.
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce > HF5601 Accounting
Departments: Bayes Business School > Actuarial Science & Insurance
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