Leng, Chao‐Chun; Meier, Ursina B. - In: The Journal of Risk Finance 7 (2006) 2, pp. 146-159
Purpose – The paper sets out to use the loss ratio series of Switzerland, Germany, the USA and Japan, to test whether … financial theory and insurance pricing theory, co‐integration analysis was performed to check possible causes of structural …/international. Although the financial theory and the insurance pricing theory suggest that the loss ratio series should be co‐integrated with …