An Investigation of the Performance of the U.S. Property-Liability Insurance Industry

Autor:	Anthony Saunders, N. K. Chidambaran, Thomas A. Pugel
Rok vydání:	1997
Předmět:	Competition (economics) Economics and Econometrics Measure (data warehouse) Property (philosophy) Actuarial science Financial economics Limited liability Accounting Economics Capital call Liability insurance Insurance industry Finance
Zdroj:	The Journal of Risk and Insurance. 64:371
ISSN:	0022-4367
DOI:	10.2307/253735
Popis:	This article presents an empirical analysis of the economic performance of the U.S. property-liability insurance industry, using estimations across 18 lines of insurance for the years 1984 through 1993. It adopts an industrial organization approach, focusing on the economic loss ratio as a measure of pricing performance. The concentration ratio for the line and the share of direct writers in the line are both found to be significant determinants of performance. The results are consistent with shortcomings in competition in some insurance lines.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::15b8aeab5911510ec5f36d8cbc0640c6 https://doi.org/10.2307/253735 Zobrazit plný text záznamu