Article Abstract:
Germany's car insurance market was deregulated in 1994, opening the door to foreign firms such as Allstate, which is competing aggressively for market share. There have been two large mergers in the German insurance market recently resulting in two new firms: Ergo and Parion.
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Article Abstract:
Competition in the insurance industry in Japan is expected to become even greater as foreign providers enter the marketplace. Rates are expected to decline, which means less profit for the insurers, who are used to making money when they write policies.
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Article Abstract:
Japan instituted some insurance reforms on Apr 1, 1996, but these reforms target the smallest sector of the nation's $388 billion insurance market. Foreign firms want to gain more access to the other lucrative sectors such as car and fire.
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