英文摘要 |
This research measures the competitiveness of Taiwanese non-life insurance market through the Lerner index to explore the relationship of performance and market competitiveness by dynamic panel data analysis and the difference of the relationship between different corporate types. The empirical results show that Taiwanese non-life insurance market is an oligopolistic competitive market. The underwriting profitability performance, investment performance and business performance of non-life insurers all have a significant positive effect on the market competitiveness and have a positive deferral effect before and after the third phase rate liberalization. Before the third phase rate liberalization, the market competitiveness of financial holding insurers and non-financial holding insurers had a significant negative impact on operating performance, and the negative impact of financial holding insurers was even stronger. The market competitiveness of the current property and casualty insurance industry had a significant positive effect on operating performance with a positive deferral effect after the third phase rate liberalization. |