Thomas Von Ungern-Sternberg

in Efficient Monopolies

Published in print February 2004 | ISBN: 9780199268818
Published online April 2004 | e-ISBN: 9780191600890 | DOI:

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Compares the premium rate of the state property insurance monopolies in large parts of Switzerland with those of the private insurance companies active in the rest of the country. The state monopolies have a 40% lower premium rate, operate with substantially lower administrative costs, spend considerably more on prevention, and have lower claims rates. Integrating prevention and insurance seems to be a particularly efficient solution.

Keywords: premium rate; prevention; state monopoly; Switzerland

Chapter.  5171 words.  Illustrated.

Subjects: Public Economics

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