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Philipp Schaper
Former Member
Title
Dr.
Last Name
Schaper
First name
Philipp
Phone
+41 71 224 7972
Now showing
1 - 10 of 25
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PublicationThe Impact of Capacity on Price and Productivity Change in Insurance Markets: New Firm-Level Evidence(Western Risk and Insurance Association (WRIA), 2020)Hoyt, Robert E.We find evidence for the capacity-constraint hypothesis in a newly constructed sample of firmlevel data for the German non-life insurance market over an extended period (1954–2016). Moreover, we show that the impact of capacity on price is complex and depends on various exogenous factors (interest rate change, catastrophes, GDP growth, and regulation). We also find that decreased firm capacity has a negative impact on productivity change. The dual impact of capacity is important since price and productivity change determine firm profitability. Our results yield important implications for the understanding of underwriting cycles and reemphasize the role of capacity in the business of insurance.Type: journal articleJournal: Journal of Insurance IssuesVolume: 43Issue: 1
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PublicationUnder Pressure: How the Business Environment Affects Productivity and Efficiency of European Life Insurance CompaniesDeregulation and widespread economic changes have fundamentally affected the business environment of European life insurance companies over the last decades. We apply multi-stage data envelopment analysis to identify the impact of the changing environment on productivity and efficiency of European life insurance companies. Considering a sample of 970 life insurance companies from 14 European countries, we show that general economic, capital market, and insurance market conditions are important drivers of efficiency. Although we find no technical change in the European life insurance sector, we nonetheless observe an efficiency increase in 2002–2013 that leads to an increase in total factor productivity; these trends can be explained by more challenging business conditions in the 2000s. Our results emphasize the need to control for the business environment in cross-country efficiency studies.Type: journal articleJournal: European Journal of Operational ResearchVolume: 258Issue: 3
Scopus© Citations 63 -
PublicationAssekuranz 2025: Quo Vadis?(Institute of Insurance Economics I.VW-HSG, 2017)et al.Type: bookVolume: Band 63
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PublicationRun-off 2016 : Status quo und zukünftige Bedeutung von Run-off im deutschsprachigen Nichtleben-Versicherungsmarkt(Institut für Versicherungswirtschaft der Universität St. Gallen, 2016)
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PublicationRun-off 2016: The status quo and future relevance of run-off in the German-speaking non-life insurance market(Institute of Insurance Economics at the University of St. Gallen, 2016)
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PublicationMinus 40% bis 2030? Die Zukunft der Motorfahrzeugversicherung(Institut für Versicherungswirtschaft der Universität St. Gallen, 2017)
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PublicationThe Magic Triangle: Growth, Profitability and Safety in the Insurance Industry( 2022)Journal: Geneva Papers on Risk and InsuranceVolume: 47
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PublicationOptimal Labor and Capital Utilization by Financial FirmsJournal: Journal of Business Economics : JBEVolume: 92
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PublicationLebensversicherer zunehmend im Run-off( 2016-04-20)Type: newspaper articleJournal: AWP Soziale SicherheitVolume: 43Issue: 8
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