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Title:Development under Regulation: The Way of the Ukrainian Insurance Market PDF Logo
Authors:Badunenko, Oleg
Grechaniuk, Bogdana
Talavera, Oleksandr
Issue Date:2006
Series/Report no.:DIW-Diskussionspapiere 644
Abstract: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.
Subjects:insurance industry
efficiency and productivity analysis
returns to scale
bootstrap
Ukraine
JEL:G28
C15
G22
Document Type:Working Paper
Appears in Collections:DIW-Diskussionspapiere
Publikationen von Forscherinnen und Forschern des DIW

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