Título: Does reinsurance purchasing enhance insurers' competitiveness? Evidence from the U.S. property-liability insurance industry / Vincent Y. Chang
Autor: Chang, Vincent Y.
Notas: Sumario: This study investigates whether firms that purchase more strategic reinsurance ex ante could enhance their competitiveness in the output market ex post for the U.S. property-liability insurance industry. The empirical results show that reinsurance purchasing does not increase insurers' competitiveness ex post, which contradicts the prediction of the strategic commitment hypothesis. A plausible explanation is that the U.S. property-liability industry tends to be a completely competitive market and not an oligopoly. In addition, reinsurance purchasing seems to be regarded as an insurer's operational characteristic and not to be treated as a strategic demand for sending an aggressive signal on the output market to its competitors
Registros relacionados: En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/10/2019 Volumen 44 Número 4 - octubre 2019 , p.595-623
Outras classificações: 5