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Profitability And Loss Trends In The Property Casualty Insurance Indistry
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Book Synopsis Profitability and Loss Trends in the Property/casualty Insurance Industry by : Isabella M. Firth
Download or read book Profitability and Loss Trends in the Property/casualty Insurance Industry written by Isabella M. Firth and published by . This book was released on 1989 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of Property-Casualty Insurance by : David F. Bradford
Download or read book The Economics of Property-Casualty Insurance written by David F. Bradford and published by University of Chicago Press. This book was released on 2007-12-01 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Property-Casualty Insurance presents new research and findings on key aspects of the economics of the property-casualty insurance industry. The volume explores the industrial organization, regulation, financing, and taxation of this business. The first paper, on external financing and insurance cycles, contains a wealth of information on trends and patterns in the industry's financial structure. The last essay, which compares performance of stock and mutual insurance companies, takes a fresh look at the way a company's organizational structure affects its responses to different economic situations. Two papers focus on rate regulation in the auto insurance industry, and provide broad overviews of the structure and economics of the insurance industry as a whole. Also addressed are the system of regulating insurance companies in the United States, who insures the insurers, and the effects of tax law changes in the 1980s on the prices of insurance policies.
Book Synopsis Profitability and Loss Trends in the Property/casualty Insurance Indistry by : Isabella M. Firth
Download or read book Profitability and Loss Trends in the Property/casualty Insurance Indistry written by Isabella M. Firth and published by . This book was released on 1989 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Profit Cycle in Property and Casualty Insurance by : Barbara D. Stewart
Download or read book The Profit Cycle in Property and Casualty Insurance written by Barbara D. Stewart and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Insurer Profitability written by and published by . This book was released on 1986 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Profitability of the Property/Casualty Insurance Industry by :
Download or read book Profitability of the Property/Casualty Insurance Industry written by and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Property & Casualty Insurance (Core with Georgia) by :
Download or read book Property & Casualty Insurance (Core with Georgia) written by and published by . This book was released on 2021-11 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Property and Casualty Insurance Services: Competitive Conditions in Foreign Markets, Inv. 332-499 by :
Download or read book Property and Casualty Insurance Services: Competitive Conditions in Foreign Markets, Inv. 332-499 written by and published by DIANE Publishing. This book was released on with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Prices and Profits in the Property and Liability Insurance Industry by : Arthur D. Little, Inc
Download or read book Prices and Profits in the Property and Liability Insurance Industry written by Arthur D. Little, Inc and published by . This book was released on 1968 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis ESSAYS ON THE U.S. PROPERTY-CASUALTY INSURANCE INDUSTRY by : Yingrui Lu
Download or read book ESSAYS ON THE U.S. PROPERTY-CASUALTY INSURANCE INDUSTRY written by Yingrui Lu and published by . This book was released on 2020 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation includes two chapters. In Chapter 1, "Information Risk and the Cost of Equity Capital Revisited: Evidence from the U.S. Property-Casualty Insurance Industry", I revisit the relationship between information risk and the cost of equity capital in the U.S. property-casualty (P-C) insurance industry. Eckles, Halek and Zhang (2014) find that information risk has no effect on the cost of equity using a sample of U.S. P-C insurers. Following their approach, we decompose information risk into innate and discretionary components. I find that innate information risk affects the cost of equity capital through two opposing channels. On the one hand, innate information risk directly increases an insurer's cost of equity capital by increasing investors' assessment of the riskiness of the insurer's future cash flows. On the other hand, innate information risk indirectly decreases the insurer's cost of equity capital by changing its production so that the assessed riskiness of the firm's future cash flows are reduced. This (negative) indirect effect depends on factors that influence the insurer's underwriting decisions. My empirical results provide supporting evidence for a significant, positive direct effect of innate information risk, while the magnitude of the (negative) indirect effect increases with the insurer's proportion of long-tail business and decreases with its affiliated reinsurance usage. As to the impact of discretionary information risk, my results are mixed. I also find that, on average, the overall effect of information risk on the cost of equity capital for property-casualty insurers is significant and negative. In Chapter 2, "Coordination of Capital, Earnings, and Taxes in the U.S. Property-Casualty Insurance Industry", I investigate how property-casualty (P-C) insurers manage discretionary tools to achieve regulatory capital, earnings, and tax planning goals. I examine one accrual tool, loss reserve errors, together with two real transaction tools: realized capital gains (losses) from investment sales, and capital contributions. I find that when P-C insurers have lower pre-managed capital levels, managers will report income-increasing loss reserve errors, recognize more realized capital gains and receive more capital contributions. When P-C insurers have lower pre-managed earnings, managers will report income-increasing loss reserve errors. When P-C insurers have higher marginal tax rates, managers will report income-decreasing loss reserve errors and recognize more realized capital losses. Moreover, I analyze the effect of ownership structures on the degree of managerial discretion for various reporting goals. My analysis includes three different types of ownership structures: public, private stock and mutual firms. I find that, through the use of capital contributions, public firms are more aggressive in capital management, while mutual firms are less aggressive in capital management than private stock firms. In terms of using the other two tools, compared to private stock firms, public firms do not manage capital less aggressively; they do not manage earnings more aggressively; they do not manage taxes less aggressively. Compared to private stock firms, mutual firms are less aggressive in capital management; they are more aggressive in earnings management; they are less aggressive in tax management.
Book Synopsis Compensation and Industry Profitability by : Anne Gron
Download or read book Compensation and Industry Profitability written by Anne Gron and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This article provides an empirical investigation of a multiple principal -- multiple agent relationship under changing industry conditions. Using 34 years of biannual data, it investigates the relationship between property-casualty insurers and agents representing multiple insurers. Several facts emerge. Average commission rates and the number of insurers represented are lower when insurers have higher profitability. Agency income is not systematically related to insurer profitability. Competition from alternative distribution systems and technological innovation have reduced commission rates. Larger agencies have lower average commission rates. These facts are interpreted in light of industry history and economic theory and suggest areas for further research.
Book Synopsis Insurance: From Underwriting to Derivatives by : Eric Briys
Download or read book Insurance: From Underwriting to Derivatives written by Eric Briys and published by John Wiley & Sons. This book was released on 2001-06-29 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the increasingly significant convergence between the insurance industry and the capital markets. This important publication, by two premier financial experts, explores the unique convergence of finance and insurance. The book covers the basics of property-casualty insurance, securitizing insurance risks, looks at life insurance in the United States and ALM in insurance. It addresses the questions and concerns of investment banks, brokerage firms and the insurance/reinsurance sector itself, examines ongoing trends and issues, and how current market pressures on insurance companies do not just create challenges but actually point the way to future promising developments.
Book Synopsis Reinsurance and the Management of Earnings in the Property-casualty Insurance Industry by : Ron Adiel
Download or read book Reinsurance and the Management of Earnings in the Property-casualty Insurance Industry written by Ron Adiel and published by . This book was released on 1994 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Management of the Loss Reserve Accrual and the Distribution of Earnings in the Property-casualty Insurance Industry by : William H. Beaver
Download or read book Management of the Loss Reserve Accrual and the Distribution of Earnings in the Property-casualty Insurance Industry written by William H. Beaver and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Insurance and Issues in Financial Soundness by : Nigel Davies
Download or read book Insurance and Issues in Financial Soundness written by Nigel Davies and published by International Monetary Fund. This book was released on 2003-07-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Book Synopsis Best's Insurance Reports, Property-casualty by :
Download or read book Best's Insurance Reports, Property-casualty written by and published by . This book was released on 1996 with total page 2756 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Performance of the U.S. Property-casualty Industry by : N. K. Chidambaran
Download or read book Performance of the U.S. Property-casualty Industry written by N. K. Chidambaran and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: