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Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market

Mike Adams, Vineet Upreti Orcid Logo, Jing Chen

The European Journal of Finance, Volume: 25, Issue: 11, Pages: 1012 - 1031

Swansea University Author: Vineet Upreti Orcid Logo

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DOI (Published version): 10.1080/1351847X.2019.1578676

Abstract

Drawing on a framework from the organizational economics literature, we utilize a panel data design to examine empirically the effect of motor insurance and liability insurance business on the overall underwriting performance of insurers operating in the United Kingdom’s (UK) property-casualty insur...

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Published in: The European Journal of Finance
ISSN: 1351-847X 1466-4364
Published: 2019
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa48664
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first_indexed 2019-02-01T20:05:51Z
last_indexed 2021-01-20T04:09:33Z
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spelling 2021-01-19T11:13:56.6708258 v2 48664 2019-02-01 Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market 8f0fcae811cfbfabf93901185944c055 0000-0002-9803-7551 Vineet Upreti Vineet Upreti true false 2019-02-01 BAF Drawing on a framework from the organizational economics literature, we utilize a panel data design to examine empirically the effect of motor insurance and liability insurance business on the overall underwriting performance of insurers operating in the United Kingdom’s (UK) property-casualty insurance market. We find that participation in liability insurance contributes positively to underwriting performance, whereas motor insurance is associated with inferior underwriting performance. Additionally, we find that higher reinsurance ratio is associated with better underwriting performance, but reduced profit margins. Our results show that higher leverage too is associated with better underwriting performance. We conclude that our results could have potentially important commercial and/or policy implications. Journal Article The European Journal of Finance 25 11 1012 1031 1351-847X 1466-4364 strategic finance; underwriting performance; insurance; United Kingdom. 31 12 2019 2019-12-31 10.1080/1351847X.2019.1578676 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University 2021-01-19T11:13:56.6708258 2019-02-01T12:48:53.6098599 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Mike Adams 1 Vineet Upreti 0000-0002-9803-7551 2 Jing Chen 3 0048664-01022019125652.pdf Product-MarketStrategyandUnderwritingPerformance.pdf 2019-02-01T12:56:52.2570000 Output 954690 application/pdf Accepted Manuscript true 2020-08-12T00:00:00.0000000 true eng
title Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market
spellingShingle Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market
Vineet Upreti
title_short Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market
title_full Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market
title_fullStr Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market
title_full_unstemmed Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market
title_sort Product-market strategy and underwriting performance in the United Kingdom’s property–casualty insurance market
author_id_str_mv 8f0fcae811cfbfabf93901185944c055
author_id_fullname_str_mv 8f0fcae811cfbfabf93901185944c055_***_Vineet Upreti
author Vineet Upreti
author2 Mike Adams
Vineet Upreti
Jing Chen
format Journal article
container_title The European Journal of Finance
container_volume 25
container_issue 11
container_start_page 1012
publishDate 2019
institution Swansea University
issn 1351-847X
1466-4364
doi_str_mv 10.1080/1351847X.2019.1578676
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 1
active_str 0
description Drawing on a framework from the organizational economics literature, we utilize a panel data design to examine empirically the effect of motor insurance and liability insurance business on the overall underwriting performance of insurers operating in the United Kingdom’s (UK) property-casualty insurance market. We find that participation in liability insurance contributes positively to underwriting performance, whereas motor insurance is associated with inferior underwriting performance. Additionally, we find that higher reinsurance ratio is associated with better underwriting performance, but reduced profit margins. Our results show that higher leverage too is associated with better underwriting performance. We conclude that our results could have potentially important commercial and/or policy implications.
published_date 2019-12-31T03:59:14Z
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score 11.013148

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