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’ earnings forecasts of U.S. insurance companies. During most of the sample period, April 1983 through September 2012, the … financial markets. The differences in the IERP across the insurance sub-industries remained substantial after the crisis … of the results is that the current trend in accounting regulation to eliminate accounting differences across insurance …
Persistent link: https://www.econbiz.de/10010840134
In this paper the effects of the introduction of the so called “pay per use” -insurance products are examined. These … insurance-premium paid. Since there is a positive correlation between mileage and the risk of causing an accident the refund is … characteristics of “pay per use” policy-holders and “traditional” policy- holders. Therefore a random sample of 4,000 car-insurance …
Persistent link: https://www.econbiz.de/10011099745
but not reported (IBNR) claims (in property casualty insurance) from residuals in a dynamic claims forecast model is … through insurance accounting relationships for adjusted underwriting results; and loss ratio or pure premium calculations …
Persistent link: https://www.econbiz.de/10008530706
The collapse of Colonial Life Insurance Company (Trinidad) Limited caused one of the most significant financial events … unlike a typical insurance company. The paper provides useful analysis for those in need of information regarding the failure …
Persistent link: https://www.econbiz.de/10011113064
We investigate whether investors price accruals quality, our proxy for the information risk associated with earnings. Measuring accruals quality (AQ) as the standard deviation of residuals from regressions relating current accruals to cash flows, we find that poorer AQ is associated with larger...
Persistent link: https://www.econbiz.de/10005771193
This paper examines the conditions necessary for calculating steady state terminal values in equity (company) valuation models. We make explicit use of the fact that a company's income statements and balance sheets can be modeled as a system of difference equations. From these difference...
Persistent link: https://www.econbiz.de/10005802432
We study the interaction between insurance and capital markets within single but general framework.We show that capital … markets greatly enhance the risk sharing capacity of insurance markets and the scope of risks that are insurable because … provide insurance capital through stock markets.We show that aggregate risk enters private insurance as positive loading on …
Persistent link: https://www.econbiz.de/10005772025
The 1994 Northridge earthquake sent ripples to insurance conpanies everywhere. This was one in a series of natural … disasters such as Hurricane Andrew which together with the problems in Lloyd's of London have insurance companies running for … cover. This paper presents a calibration of the U.S. economy in a model with financial markets for insurance derivatives …
Persistent link: https://www.econbiz.de/10005827500
A deux exceptions près, les rehausseurs de crédit ont connu entre octobre 2007 et février 2008 un véritable cataclysme. En moins de cinq mois, ces sociétés d'assurance, qui garantissaient en septembre 2007 près de 2 400 milliards de dollars d'actifs financiers, ont failli perdre leur...
Persistent link: https://www.econbiz.de/10008532451
Persistent link: https://www.econbiz.de/10008572212