Based on the framework of industrial organization, the paper adopts the Translog model to determine the scale and scope economies of the property-liability insurance industry in China. We make use of the data of all insurers in China between 2012 and 2014 and use the insurance claims and premium...

In this paper, we study two types of accounting conservatism in the property-liability (P&L) insurance industry – ex-ante and ex-post conservatism. Ex-ante conservatism means that firms over-report liabilities initially, before more detailed information becomes available. In contrast, ex-post...

This article investigates market discipline in the reinsurance market by examining the sensitivity of reinsurance demand to reinsurer counterparty risk for a sample of US property-liability insurance companies. Using the financial strength rating of reinsurers as a proxy for reinsurance...

Given the rapidly growing industry-wide trends to promote diversity, we provide the first evidence that executive gender differences impact insurer corporate decisions by examining reserve management of property-liability insurers. We find that female CEOs are more conservative in estimating...

This study investigates the level, structure, and pay-for-performance relationship of CEO compensation in Korean non-life insurance companies. We find that seniority plays an important role in setting CEO compensation practices and that performance-based pay, such as bonus, is more effective...

The paper examines efficiency, productivity and scale economies in the U.S. property-liability insurance industry. Productivity change is analyzed using Malmquist indices, and efficiency is estimated using data envelopment analysis (DEA). The results indicate that the majority of firms below...