Eling, Martin; Jia, Ruo; Schaper, Philipp - 2018
three fundamental goals of business: growth, profitability, and safety. Insurers balance on premium and underwriting … simultaneous equation models, we show that moderate firm growth increases profitability; however, extremely high growth reduces … profitability. In addition, less profitable insurers are more willing to take risks. Our results emphasize the need to jointly …