Eling, Martin; Jia, Ruo; Schaper, Philipp - 2018
In the context of insurance industry, we provide a theoretical and empirical framework to analyze the tradeoffs between … three fundamental goals of business: growth, profitability, and safety. Insurers balance on premium and underwriting … standards to optimize one goal constrained by the other two. Analyzing 1,988 European insurance companies over eleven years with …