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Analysis Of Pricing And Reserving Risks With Applications In Risk-Based Capital Regulation For Property/Casualty Insurance Companies, Chayanin Kerdpholngarm
Analysis Of Pricing And Reserving Risks With Applications In Risk-Based Capital Regulation For Property/Casualty Insurance Companies, Chayanin Kerdpholngarm
Risk Management and Insurance Dissertations
The subject of the study for this dissertation is the relationship between pricing and reserving risks for property-casualty insurance companies. Since the risk characteristics of insurers differ based on their structure, objectives and incentives, segmenting the insurers into subgroups would allow for a better understanding of group-specific risks. Based on this approach to analyzing insurer financial risks, we find that, in a given accident year, the pricing and reserving errors are positively correlated, especially in long-tailed lines of business. Large insurers, stock insurers, and multi-state insurers, in general, exhibit a strong correlation between accident-year price and reserve errors. However, only …
Financial Integration And Scope Efficiency: Post Gramm-Leach-Bliley, Yuan Yuan
Financial Integration And Scope Efficiency: Post Gramm-Leach-Bliley, Yuan Yuan
Risk Management and Insurance Dissertations
The enactment of the Gramm-Leach-Bliley Act of 1999 promised the most fundamental reform to be made in U.S. financial services regulation in more than half a century. The Gramm-Leach-Bliley Act (GLB) removed barriers that forced separation between commercial banks, investment banks, and insurance companies; and it allowed subsidiaries of banks or insurance companies to engage in a broad range of financial activities that were not permitted for banks or insurers themselves. Few doubted the potential for GLB to have a profound impact on financial service providers and on the financial market. However, there is a striking lack of empirical research …
The Effects Of Merger And Acquisition On The Price Of Insurance And Firm Performance In The U.S. Property-Liability Insurance Industry, Jeung Bo Shim
The Effects Of Merger And Acquisition On The Price Of Insurance And Firm Performance In The U.S. Property-Liability Insurance Industry, Jeung Bo Shim
Risk Management and Insurance Dissertations
Although the economic motivation and efficiency effects of mergers and acquisitions (M & As) in the insurance industry have been discussed, none of the prior studies have addressed the relationship between M & A activity and insurance price change. In addition, little is known about the effect of diversification on the differences in insurance price across lines. The main objective of the dissertation is to provide evidence on these issues. A secondary objective is to investigate the relationship between M & A activity and insurer’s efficiency and financial performance. We also examine various firm characteristics that affect insurance price differences …