Welcome to the ARIA 2021 Annual Meeting Agenda App. You are seeing this in simple view. Click on any session to see Presenters, Discussants and a Session Description. Click on Presenters to find a single presenter and their sessions. If you find an error, please email gphillips@aria.org. Registrants have been added and will continue to be updated until 7/29/21 when registration closes. Zoom links will be shared directly with all participants two days prior to the conference. Please make notifications@sched.com a "safe sender" in your email system. We will be sending messages throughout the conference through this medium. 
Back To Schedule
Tuesday, August 3 • 10:45am - 12:15pm
4C3 Lagging Behind or Being Shackled? An Empirical Analysis of the Pricing Behavior in the German Term Life Insurance Market

Sign up or log in to save this to your schedule, view media, leave feedback and see who's attending!

Feedback form is now closed.
Jonas Raphael Jahnert, Institute of Insurance Economics, University of St. Gallen; Hato Schmeiser, Institute of Insurance Economics, University of St. Gallen; Florian Schreiber, Lucerne University of Applied Sciences and Arts

Life insurances companies are highly regulated. These regulations do not only include solvency requirements, but also comprise product pricing. In other industries, companies aim to increase producer rents by using information in respect to the policyholder’s willingness to pay, which allows them to endeavor price discrimination if no perfect competition prevails. In this paper, we investigate the pricing behavior in German Term Life insurance market by analyzing market prices, actuarial fair pricing and the willingness to pay for eighteen customer groups and three product categories. The results show that premiums charged for budget Term Life insurance products are in some cases even below the actuarial fair price. For premium products, regulation and market conditions hinder life insurance company to employ price discrimination.


Cici Chiang

Assistant Professor, University of Texas at El Paso

avatar for Jonas Raphael Jahnert

Jonas Raphael Jahnert

P.h.D Student, Institute of Insurance Economics, University of St. Gallen
avatar for Hato Schmeiser

Hato Schmeiser

Managing Director, University of St. Gallen, Institute of Insurance Economics

Tuesday August 3, 2021 10:45am - 12:15pm EDT

Attendees (5)