In the insurance industry, claims tend to constitute the major proportion of the total annual outgoings across almost all product lines. This preliminary study develops a cost function of insurance claims and applies the model to 1988-93 data from the UK life insurance industry. In general, the...

Drawing a framework from agency theory, we use a panel data design to examine the factors motivating the level of demand for reinsurance in the rapidly developing Swedish property fire insurance market during the interwar period 1919-39. We find that as hypothesised, reinsurance enabled Swedish...

Mutual and stock insurers have coexisted and competed against each other in insurance markets for centuries. In this article, we examine the risk management strategies and underwriting profitability of the different organizational forms in Sweden's property fire insurance market between 1903 and...

Nach Schätzungen der Weltgesundheitsorganisation hat die Zigarettenindustrie im vergangenen Jahrhundert mit ihren Produkten 100 Millionen Menschen weltweit getötet. Für dieses Jahrhundert werden 1 Milliarde Tote erwartet. Da der Beginn einer Raucherkarriere nahezu ausschließlich im Kindes-...

A characteristic of the German firms' ownership and control structure is the fact that the data featuring these markets are not available. Asking for reasons why concealing the control and shareholder structure is defended so strongly by representatives of banks and insurance companies, it...