Analysis of abnormal premium growth surrounding changes in financial strength ratings for a
large panel of property/casualty insurers generally indicates significant premium declines in …

Abstract Kenneth Arrow and Karl Borch published several important articles in the early
1960s that can be viewed as the beginning of modern economic analysis of insurance …

The financial crisis and subsequent recession generated sizable operating losses for life
insurance companies, yet the consequences were far less significant than for other financial …

Corporate scandals at the beginning of the 2000s and the recent global financial crisis have
renewed the attention of academics, regulators and practitioners to agency problems and …

The aim of this article is to summarize the knowledge on market discipline in insurance and
other financial service sectors. Market discipline can be defined as the ability of customers …

Economists often argue in favour of market discipline as a means to distribute resources
effectively and efficiently. These same arguments likely influence decision-makers as they …

This chapter elaborates on the need indicated in the previous chapter to set capital for
insurance firms and for banks differently, given the different businesses and risks the two …

The aim of this paper is to analyze whether the level of surplus participation affects customer
demand. We use multivariate linear regression models and data on surplus participation …

We analyse abnormal growth of premiums surrounding financial strength rating changes for
a panel of life insurers in Japan during 2002–2009. Unlike the US market, our regression …

In this study we examine how the passage of the Affordable Care Act (ACA) impacts health
insurer capital structure and financing decisions. Economic theory suggests that a firm's …