Chen, Jing, Adams, Mike and Upreti, Vineet
2019.
Product-market strategy and underwriting performance in the United Kingdom’s (UK) property-casualty insurance market.
European Journal of Finance
25
(11)
, pp. 1012-1031.
10.1080/1351847X.2019.1578676
|
Abstract
Drawing a framework from the organizational economics literature, we utilize a panel data design to examine empirically the effect of motor insurance and liability insurance business on the overall underwriting performance of insurers operating in the United Kingdom’s (UK) property-casualty insurance market. We find that participation in liability insurance contributes positively to underwriting performance, whereas motor insurance is associated with inferior underwriting performance. Additionally, we find that larger insurers have better underwriting performance and that reinsurance is associated with deteriorating underwriting performance. We conclude that our results could have potentially important commercial and/or policy implications.
Item Type: |
Article
|
Date Type: |
Publication |
Status: |
Published |
Schools: |
Mathematics |
Subjects: |
H Social Sciences > HG Finance |
Publisher: |
Taylor & Francis |
ISSN: |
1351-847X |
Date of First Compliant Deposit: |
31 January 2019 |
Date of Acceptance: |
30 January 2019 |
Last Modified: |
25 Nov 2020 00:41 |
URI: |
http://orca.cf.ac.uk/id/eprint/119042 |
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