Abstract
AbstractThis article addresses the fundamental observation that aggressive newcom‐ ers seeking greater market share trigger the industry response of reducing rates that may gradually fall below marginal cost. In this study, the concept of reflexivity as connection between the participants’ thinking and the situation in which they participate is applied. This article suggests applying as an insurance regulation technique, while the competition‐originated cycle is in its early stage, the triplets of year‐end market share, profit, and solvency indicators. It emphasizes the need for applying all these characteristics together, rather than the first two.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
