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 …

Mutual insurance companies and stock insurance companies are different forms of
organized risk sharing: policyholders and owners are two distinct groups in a stock insurer …

This article explores the development and diffusion of market governance institutions in the
marine insurance industry as the practice of insurance spread from its early origins in …

This paper provides evidence on factors affecting the level of the regulatory solvency ratio of
Spanish insurers from 2005–2012 by employing the two-step system generalised method of …

The coexistence of mutual and stock organizational form in insurance has been the topic of
extensive study. This article provides a review of theoretical and empirical literature from …

Using data for the period from 1855 to 1947 and the two sub-periods, 1855–1902 and 1903–
47, the article examines whether the organic growth rates of 38 Swedish life insurance firms …

This study leverages on a quasi-natural experiment to shed light on the relative merit of the
cooperative versus the corporate form. In Italy, a new law forced some cooperative banks to …

We contribute to the literature by developing a normative theory of the relationship between
stock and mutual insurers based on a contingent claims framework. To consistently price …

Until the 1790s marine insurance in the United States was organized by brokers and
underwritten by private individuals. Beginning in 1792, however, the private underwriters …

The history of insurance has been characterized in most countries by the coexistence of a
wide range of organizational forms. The reasons for this plethora of vehicles remain unclear …