TY - BOOK AU - Claudia Max PY - 2016 CY - Berlin, Germany PB - Peter Lang Verlag SN - 9783653061772 TI - Valuation and Value Creation of Insurance Intermediaries DO - 10.3726/978-3-653-06177-2 UR - https://www.peterlang.com/document/1049958 N2 - The book offers a comprehensive analysis of insurance intermediaries from a capital markets perspective. It presents an up-to-date market perspective, drawing the attention to the important trends and developments in the industry and recommends strategies to secure future growth. Further, it offers a detailed description of a valuation approach specifically tailored to small and mid-sized brokers. Research on insurance intermediary M&A reveals that positive abnormal returns are achieved for acquirers. The author points out which factors lead to value creation and investigates performance drivers in the tied agent channel. KW - Insurer, M&A, Broker, Agent LA - English ER -