This study further substantiates the presence of insurance underwriting cycles and analyzes their causes. A generalized least squares analysis of changes in premium levels is used to test the rational expectations/institutional intervention hypothesis across countries as well as within each...

The theme of this book is the management of life insurers using techniques drawn from the field of finance. The importance of financial management has increased greatly in recent years, paralleling the growth in competition within the financial services industry. This competitive environment...