How should intermediaries influence the insurance demand decision? The answer must refer to the interdependence of economic determinants and legal duties. Intermediaries potentially guide demand decisions by delivering objective information and by considering individuals' situation and economic...

Since 1994 the highly regulated German insurance market have been deregulated. Insurers have been allowed to calculate their premiums and to offer contracts without regulation. Especially in the motor vehicle insurance several innovations were introduced: age of car, garage, kilometers per year...