Jawadi, Fredj; Bruneau, Catherine; Sghaier, Nadia - In: Journal of Risk & Insurance 76 (2009) 3, pp. 753-783
dependence to the financial markets in five countries (Canada, France, Japan, the United Kingdom, and the United States). First …, we justify the linkage between the insurance and the financial markets by the underwriting cycle theory and financial … insurance and financial markets, show two regimes for the NLIP, and find that the NLIP adjustment toward equilibrium is time …