As early as the 1970s, European Union (EU) member countries implemented rules to
coordinate insurance markets and regulation. However, with the more recent movement …

During 2008 and 2009, the insurance industry experienced unprecedented volatility. The
large swings in insurers' market valuations, and the significant role that financial reporting …

Previous studies of financial health of insurance companies are mainly focused on insurers
operating in the United States and developed economies. This article focuses on the …

This article examines whether managers impact firm performance. We conservatively define
managerial ability as the manager's capacity to deploy the firm's resources. We verify the …

This article analyzes the accuracy of the principal models used by US insurance regulators
to predict insolvencies in the property-liability insurance industry and compares these …

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 …

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 …

This paper examines the effect of rate regulation on the management of the property‐liability
insurer loss reserve. The political cost hypothesis predicts that managers make accounting …

We empirically examine two methods for measuring output in property-liability insurer
efficiency studies: the value-added approach and the “flow”(or financial intermediation) …

We use two reserve error definitions found in the literature to investigate the joint impact of
previously studied incentives on the magnitude of reserve error. We find many prior …