Pope, Nat; Ma, Yu-Luen - In: The Geneva Papers on Risk and Insurance - Issues and … 30 (2005) 2, pp. 312-326
In 1998, rate regulation in the Japanese auto insurance industry shifted from a tightly controlled tariff regime to that of a less regulated (theoretically) prior approval system. While actual rate regulation is generally not directly observable, Danzon (1983) contends that the “true”...