Decomposing diversification effect: evidence from the U.S. property-liability insurance industry

Prior literature suggests that diversified property-liability (P/L) insurers underperform their focused counterparts. While most studies focus on insurers’ overall performance, there is an absence of evidence regarding whether the underperformance is driven by underwriting or investment profitabilit...

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Detalhes bibliográficos

Principais autores:	Xin Che, Andre P. Liebenberg, Ivonne A. Liebenberg, Lawrence S. Powell
Formato:	Artigo
Idioma:	Inglês
Publicado em:	LLC "CPC "Business Perspectives" 2017-05-01
coleção:	Insurance Markets and Companies
Assuntos:	conglomeration diversification investment property-liability insurance strategic focus underwriting
Acesso em linha:	https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/8752/IMC_2017_01_Che.pdf
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