Resumo WP n.º 7: 
This study is aimed at providing a measure of unilateral effects of the proposed acquisition of BCP by CAIXA on the Portuguese Insurance Market by means of an econometric model. In other words, it provides a measure of the impact of this notified merger on the insurance price and the consumer surplus. The preservation of competition on insurance markets makes insurance premia closer to the actuarial values of the risk transfers, therefore improving the insurability of individual risks and their diversification through mutualisation. Insurability is favorable to economic growth by disentangling investment decisions from risk aversion. The aim of this work is to determine whether the planned merger could jeopardise those collective benefits.

Texto:
Conteúdo do WP: Secção 1 – Objectivos; Secção 2 – Análise descritiva; Secção 3 – Análise empírica; Secção 4 – Avaliação da operação de concentração