underwriting risks both domestically and internationally. -- Insurance ; Portfolio Theory ; International Diversification … correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of …

This paper identifies the risk and risk-adjusted return determinants of US insurers. We find that the significant firm …-specific determinants for risk and risk-adjusted return vary slightly for the risk proxy and risk-adjusted return proxy used, and the types … to both total risk and systematic risk; in addition, size is positively related to systematic risk. Profitability and …

from underwriting insurance policies affects insurers' risk taking behavior in their portfolio investments. We find that …This study empirically examines, in the setting of insurance companies, the hypothesis that investors facing more … operating risk may behave as if they were more risk averse in investment decisions. Specifically, we study how operating risk …