Banks as Insurance Referral Agents? The Convergence of Financial Services: Evidence from the Title Insurance Industry
- Topics:
- Insurance
- Tags:
- Agent,
- Real Estate,
- Insurance,
- Financial Service,
- Financial Planning,
- Finance,
- Corporate Insurance,
- Convergence,
- CIRANO,
- Business Operations,
- ...
- Source:
- CIRANO
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Overview: The purpose of this paper is to offer a glimpse into the potential industrial organization of the property casualty insurance (P&C) market if banks continue to penetrate it at current rates. To do so, the paper studies an insurance market where banks are already integral in distribution: Title insurance. They draw some broad comparisons between the distribution channels used to sell title insurance and the channel used by banks entering the P&C market. Although title insurance has not generated much academic interest compared to other insurance products, title insurance is an insurance product wherein the distribution process banks have traditionally been heavily involved. In this paper, we test different industrial organization growth models with barriers to entry.
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Format: PDF | Size: 399KB | Date: Sep 2002 | Pages: 34
