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Product-market strategy and underwriting performance in the United Kingdom’s (UK) property-casualty insurance market

Chen, Jing, Adams, Mike and Upreti, Vineet 2019. Product-market strategy and underwriting performance in the United Kingdom’s (UK) property-casualty insurance market. European Journal of Finance 25 (11) , pp. 1012-1031. 10.1080/1351847X.2019.1578676

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Abstract

Drawing a framework from the organizational economics literature, we utilize a panel data design to examine empirically the effect of motor insurance and liability insurance business on the overall underwriting performance of insurers operating in the United Kingdom’s (UK) property-casualty insurance market. We find that participation in liability insurance contributes positively to underwriting performance, whereas motor insurance is associated with inferior underwriting performance. Additionally, we find that larger insurers have better underwriting performance and that reinsurance is associated with deteriorating underwriting performance. We conclude that our results could have potentially important commercial and/or policy implications.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Mathematics
Subjects: H Social Sciences > HG Finance
Publisher: Taylor & Francis
ISSN: 1351-847X
Date of First Compliant Deposit: 31 January 2019
Date of Acceptance: 30 January 2019
Last Modified: 12 Aug 2020 02:05
URI: http://orca-mwe.cf.ac.uk/id/eprint/119042

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