Evidence on the time series properties of insurance premiums and causes of the underwriting cycle: new support for the capital market imperfection ... article from: Journal of Risk and Insurance

This digital document is an article from Journal of Risk and Insurance, published by American Risk and Insurance Association, Inc. on September 1, 1993. The length of the article is 5128 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Various causes are being proposed for the cyclical pattern of underwriting profit rates and prices in the property-liability insurance industry since the postwar period. Three hypotheses, namely perfect market/rational expectations, capital market imperfection and institutional rigidities are evaluated based on their different implications. Data analyzed using linear regression reveal that insurance premiums have time series properties which support the capital market imperfection hypothesis.

Citation Details
Title: Evidence on the time series properties of insurance premiums and causes of the underwriting cycle: new support for the capital market imperfection hypothesis.
Author: Greg Niehaus
Publication:Journal of Risk and Insurance (Refereed)
Date: September 1, 1993
Publisher: American Risk and Insurance Association, Inc.
Volume: v60 Issue: n3 Page: p466(14)

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