Development under Regulation: The Way of the Ukrainian Insurance Market

Arbeitspapier

This study is intended to assess the introduction of increased capitalization requirements for Ukrainian insurance firms. To do so, we employ up-to-date frontier efficiency analysis The analysis suggests that an increase in size occurs not only because of the regulator?s requirements, but also because all scale inefficient firms have been persistently operating under increasing returns to scale. Additionally, we show that the Ukrainian insurance industry experiences significant increases in technical efficiency. Our analysis identifies winners and losers among small, medium and large companies. The findings are consistent with the hypothesis that regulation forces firms to concentrate on efficiency.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: DIW Discussion Papers ; No. 644

Classification and Topics

• Classification: Wirtschaft ; Financial Institutions and Services: Government Policy and Regulation ; Statistical Simulation Methods: General ; Insurance; Insurance Companies; Actuarial Studies
• Subject: insurance industry ; efficiency and productivity analysis ; returns to scale ; bootstrap ; Ukraine

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Badunenko, Oleg ; Grechaniuk, Bogdana ; Talavera, Oleksandr
• Event: Veröffentlichung
• (who): Deutsches Institut für Wirtschaftsforschung (DIW)
• (where): Berlin
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/18537
• Last update: 10.03.2025, 11:44 AM CET