European Insurance Markets in Face of Financial Crisis: Application of Learning Curve Concept as a Tool of Insurance Products Innovation – Discussion
DOI:
https://doi.org/10.6000/1929-7092.2017.06.42Keywords:
Multidimensional data analysis, insurance innovation, new risks, insurance marketsAbstract
The paper aims to present the results of an assessment of development of insurance sector in chosen European countries like Poland, UK, Germany and France over the financial crisis especially from product's innovation point of view. The comparison between the level of taxonomic measures in two points in time let the Authors to write main conclusion that insurance markets have been not so innovative in chosen countries. The level of innovations have been especially law in terms of insurance offer (Products). The first part of the paper ends with a short description of so called new risks that impose a level of innovations within an insurance sector. The second part contains a discussion about possibility of using learning curve concept for the process of insurance product innovation especially products “without claims historyâ€.
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Greenwood J., Jovanovic B., 1990. “Financial Development, Growth and the distribution of income”, Journal of Political Economy 98:1076-1107.
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Gennaioli N., Shleifer A., Vishny R., 2012. “Neglected Risks, Financial innovation and Financial Fragality” Journal of Financial Economics 104:452-468.
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Henderson B., Pearson N., 2010. “The Dark Side of Financial Innovation:A Case Study of the Pricing of Retail Financial Products.” Journal of Financial Economics 1100(2):227-247.
Horngren Ch.T., Datar S.M., Foster G., ed.2006. Cost Accounting. A Managerial Emphasis, Twelfth Edition: Pearson Prentice Hall.
Kazuki I., Marshall A., “How Successful Organizations Drive Innovation.” Strategy&Innovation 44(3):9-19.
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https://doi.org/10.1111/j.1540-6261.1991.tb04625.x
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Wang Y., Xia H., 2014.”Do Lenders still Monitor When They Can Securitize Loans?” Review of Financial Studies. 27 (8): 2354-2391.
https://doi.org/10.1093/rfs/hhu006
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Published
2017-07-05
How to Cite
Sliwnski, A., Karmanska, A., & Michalski, T. (2017). European Insurance Markets in Face of Financial Crisis: Application of Learning Curve Concept as a Tool of Insurance Products Innovation – Discussion. Journal of Reviews on Global Economics, 6, 404–419. https://doi.org/10.6000/1929-7092.2017.06.42
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