Insurance

Insurance Markets and Competition

Insurance markets and competition reflect the industry’s unique regulatory environment as well as supplier, buyer, and product characteristics. Insurance mergers and acquisitions must receive regulatory approval from state insurance departments in addition to receiving oversight from the Department of Justice and the Federal Trade Commission. Historically, litigation relating to insurance competition has involved claims of price fixing and cooperation among insurers, allegations of improper marketing and disclosure, coverage disputes, and allegations of underpayment to service providers. Insurance companies have sought consulting services for analysis of business models, cost estimates for alternative distribution systems, and analysis of new products.

NERA insurance experts combine deep industry knowledge with expertise in economics, finance, and accounting to address insurance markets and competition issues. We have analyzed market structure questions for life, health, and property casualty insurers as well as for reinsurers, and insurance intermediaries. Our team understands the unique industry regulations and the dynamics associated with insurance and reinsurance markets, and provides analyses of market competition within these contexts.