haku: @author Berger, A. / yhteensä: 13
viite: 7 / 13
| Tekijä: | Berger, A. |
| Otsikko: | The coexistence of multiple distribution systems for financial services: the case of property-liability insurance |
| Lehti: | Journal of Business
1997 : OCT, VOL. 70:4, p. 515-546 |
| Asiasana: | DISTRIBUTION FINANCIAL SERVICES PROPERTY |
| Kieli: | eng |
| Tiivistelmä: | Property-liability insurance is distributed through a direct-writer system, where agents represent one insurer, and an independent-agency system, where agents represent several insurers. Independent-agency insurers have higher costs that direct writers. The market-imperfections hypothesis attributes the coexistence of the two types of insurers have higher costs than direct writers. The market-imperfections hypothesis holds that independent- agency insurers provide higher-quality services. |
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