Mamatzakis, Emmanouel; Staikouras, Christos - In: Applied Financial Economics Letters 2 (2006) 4, pp. 257-260
The aim of this study is to assess the effect of claims and expenses on premiums for the UK property-liability insurance industry. A cointegration approach of a multivariate system of equations is applied to disentangle the causal relationships between premiums, claims and expenses. The findings...