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22/09/2016 - Different forms of cooperation between insurance companies and their respective impact on competition

Europe Economics was contracted by DG COMP of the European Commission to report on “Different forms of cooperation between insurance companies and their respective impact on competition”. This study compares different forms of cooperative insurance structures, not limited to pools, setting out the advantages and disadvantages of each type of cooperative structures for both insurers and clients. This research also analyses the different competitive dynamics associated with each form of insurance cooperation scheme. The research moreover identifies potentially non-essential features, from the perspective of maximising the efficiency of these schemes. CMS-Hasche Sigle provided legal input to the study, and Prof Dr Martin Eling provided expert insurance and economic input. This work was conducted in the context of DG COMP’s review of the IBER, with further context available here.  Ross Dawkins led this work for Europe Economics.

22/09/2016 - Switching of tangible and intangible assets between different insurance products

Europe Economics was contracted by DG COMP of the European Commission to report on “Switching of tangible and intangible assets between different insurance products”. This study investigates supply-side substitutability in the context of large, unconventional non-life risk, such as nuclear, cyber and natural catastrophe. The study’s focus is on the ability of insurers to switch between different insurance products in the short-term, and on identifying the various constraints that may impede this process. CMS-Hasche Sigle provided legal input to the study. This work was conducted in the context of DG COMP’s review of the IBER, with further context available here.  Ross Dawkins led this work for Europe Economics.

06/09/2016 - The Downstream Economic Impacts of Palm Oil Exports

Report for the Malaysian Palm Oil Council on the impact of Palm Oil imports on the economies of importing countries.

29/06/2016 - Briefing note: Interest free microfinance and impact on poverty alleviation

Poverty alleviation and sustainable development are amongst the main concerns of the developing world. In the most recent study conducted in 2012, 12.7 percent of the world's population still lived below the poverty line (at or below $1.90 a day). In the light of this, one of our Analysts, Summayah Leghari, has written a note on the role of interest free microfinance in poverty alleviation, with a particular focus on a unique micro finance model of voluntary contributions and zero interest, practiced in Pakistan.

29/06/2016 - Briefing note: The beginning of the end for RPI indexation of price controls?

Stephen Topping, a Managing Consultant at Europe Economics, has written a briefing note on the regulatory precedent set by Ofwat’s decision to move from RPI to CPI indexation at PR19.   Ofwat’s decision to begin a transition to either CPI or CPIH indexation from 1 April 2020 increases the likelihood that other regulators will follow suit in future price reviews.