Purpose -The purpose of this paper is to investigate coexistence of multiple distribution systems in property-casualty (P/C) insurance industry in the USA. Design/methodology/approach -Stochastic frontier analysis is used to measure cost and revenue efficiencies of P/C insurance companies...

Purpose – The purpose of this study is two-fold. The first purpose is to properly measure the level of US property and liability (P/L) insurers liquidity creation, applying the liquidity creation measure developed by Berger and Bouwman. The second purpose is to identify factors affecting P/L...

The past decade has witnessed a proliferation of regional as well as inter-regional organizations dealing with a wide range of political, economic, security, and social issues. On balance, material interests and the need for balance of power amongst the states and the regions are often abetted...

Purpose: This study is designed to investigate how the use of reinsurance affects the primary insurers' profitability and pricing on their insurance products. Design/methodology/approach: This study examines the impact of reinsurance on the insurers’ profitability using a two stage least...

In addition to premiums, investment income is one of the two main sources of capital for property-casualty (P/C) insurance companies. This study investigates short-term equity trading behavior of P/C insurers in the United States in 2007 and 2008, and finds that over 27 percent of non-group...