Sector Studies
Economics and Management of the Insurance Services Industry
In the past two decades, the insurance services industry has undergone several significant changes (technological, regulatory, and cultural), leading to the introduction of innovations in a traditionally highly regulated and predominantly domestic market. The global insurance services market, particularly in Europe, is becoming more open and competitive, giving rise to interesting economic and managerial research questions. Some of the key topics studied in this line of research, also from an international comparative perspective, include: the analysis of insurance companies' productivity and efficiency, the dynamics of the insurance industry, regulatory and deregulation measures in the insurance sector, insurance services marketing and distribution strategies, internationalization and M&A strategies, the impact of ICT on the insurance business, the development of new insurance products and services, and the integration of the insurance business with the banking and financial sectors.
Deregulation of the Pharmaceutical Industry and Its Retail Market
The Italian pharmacy market is highly regulated. Initiatives aimed at liberalizing the retail chain of pharmaceutical products, such as allowing the sale of medicines in supermarkets and enabling vertical and horizontal integration, aim to increase efficiency and reduce prices. Research in this area monitors the development and effects of the so-called "Bersani decree." The goal is to identify a balanced level of (de)regulation for this specific market and suggest policy strategies to the government and the Competition and Market Authority.