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The Effects of Firm Size on Risk and Profitability of the Property and Casualty Insurance Industry
Many studies have examined the factors influencing riskiness of the insurance industry, but few have analyzed large and small insurers separately. This paper examines the factors affecting the risk and profitability of large and small property and casualty insurance companies separately, using a mul...
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Published in: | Journal of insurance issues 1997-04, Vol.20 (1), p.25-36 |
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Main Authors: | , , , |
Format: | Article |
Language: | English |
Subjects: | |
Online Access: | Get full text |
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Summary: | Many studies have examined the factors influencing riskiness of the insurance industry, but few have analyzed large and small insurers separately. This paper examines the factors affecting the risk and profitability of large and small property and casualty insurance companies separately, using a multivariate data analysis approach. Our principal finding is that large and small insurers are very different in terms of the factors influencing risk and profitability. Growth policy appears to be a very important actor affecting profitability and risk, although its importance varies across firm sizes. |
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ISSN: | 1531-6076 2332-4244 |