| Analysing Insurer Rating Transitions with Different Economic and Industry Cycles | |
| Wang, Yuling | |
| 2010-07 | |
| 关键词 | property-liability insurer insurer rating matrices economic cycles industry cycles |
| 卷号 | 35 |
| 期号 | 3 |
| DOI | 10.1057/gpp.2010.15 |
| 页码 | 435-451 |
| 英文摘要 | Changes in insurer ratings reflect changes in their financial strength. For the first time, unconditional and conditional matrices for U.S. property-liability insurer ratings during the period 1995-2006 are estimated and compared across different economic and industry cycles. Findings indicate that the distribution of insurer rating changes varies across different economic and industry cycles and insurers usually perform better when economic and industry conditions are favourable. Regression analyses generally confirm this relationship. Our results give a new perspective for regulators, consumers and investors to measure and manage insurer financial risks across time. The Geneva Papers (2010) 35, 435-451. doi:10.1057/gpp.2010.15 |
| 会议录出版者 | PALGRAVE MACMILLAN LTD |
| 会议录出版地 | BRUNEL RD BLDG, HOUNDMILLS, BASINGSTOKE RG21 6XS, HANTS, ENGLAND |
| 语种 | 英语 |
| WOS研究方向 | Business & Economics |
| WOS记录号 | WOS:000280786100006 |
| 内容类型 | 会议论文 |
| 源URL | [http://10.2.47.112/handle/2XS4QKH4/3448]  |
| 专题 | 上海财经大学 |
| 作者单位 | Shanghai Univ Finance & Econ, Sch Finance, Shanghai 200433, Peoples R China |
| 推荐引用方式 GB/T 7714 | Wang, Yuling. Analysing Insurer Rating Transitions with Different Economic and Industry Cycles[C]. 见:. |
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