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-life insurance sectors. We first document M&A transactions in the US insurance market between 1990 and 2022 and select the M …&A transactions related to US target insurers. We then study the evolution of the life and non-life insurance sectors over time in … over time. We empirically test the difference between the M&As of the life and non-life insurance sectors by employing a …
Persistent link: https://www.econbiz.de/10014350134
insurance to protect individuals and companies from various losses associated with accidents. Other forms of risk management …, alternatives to market insurance, surfaced during the 1950s when market insurance was perceived as very costly and incomplete for … unanticipated risks and reduce regulatory capital. Concomitantly, governance of risk management became essential, integrated risk …
Persistent link: https://www.econbiz.de/10013085409
Two models of default risk are prominent in the financial literature: Merton's structural model and Altman's reduced-form model. The former has the benefit of being responsive, since the probabilities of default can continually be updated with the evolution of firms' asset values. Its main flaw...
Persistent link: https://www.econbiz.de/10012733855
In this paper, we investigate the hybrid contingent claim approach with publicly traded Canadian companies listed on the Toronto Stock Exchange. Our goal is to assess how combining their continuous valuation by the market with the value given in their financial statements improves our ability to...
Persistent link: https://www.econbiz.de/10005067688
Two models of default risk are prominent in the financial literature: Merton's structural model and Altman's non-structural model. Merton's structural model has the benefit of being responsive, since the probabilities of default can continually be updated with the evolution of firms' asset...
Persistent link: https://www.econbiz.de/10005162405
We examine the long run performance of Mamp;A transactions in the property-liability insurance industry. We …
Persistent link: https://www.econbiz.de/10012733421
developed an optimal audit policy for the scoring methodology. Our application is meant for the audit of insurance fraud but can … obtained with data from a large European insurance company. First, we are able to compute a critical suspicion index for fraud …
Persistent link: https://www.econbiz.de/10012739467
beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and then summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …
Persistent link: https://www.econbiz.de/10012959767
Persistent link: https://www.econbiz.de/10012709777
beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …
Persistent link: https://www.econbiz.de/10014025527