Why the Property and Casualty Insurance Industry Needs a New Performance Measure

Measuring Business Excellence, Vol. 8, No. 2, pp. 31-39, 2004

Posted: 11 Jul 2008

See all articles by Joseph Calandro, Jr.

Joseph Calandro, Jr.

Fordham University - Gabelli Center for Global Security Analysis

Scott Lane

Quinnipiac University; Quinnipiac University

Date Written: July, 11 2008

Abstract

The property and casualty insurance industry has historically focused on the underwriting ratio as the primary measure of operating performance. Many dramatic changes have occurred in this industry and its operating environment over the past 30 years. These changes have dramatically decreased opportunities for underwriting profits, forcing the industry to rely more on its investment and reinsurance strategies. An alternative performance measurement system that incorporates these activities, the Insurance Performance Measure (IPM), is presented in this article.

Keywords: Insurance, Performance Measurement, Economic Profit

JEL Classification: M1, M2

Suggested Citation

Calandro, Jr., Joseph and Lane, Scott, Why the Property and Casualty Insurance Industry Needs a New Performance Measure (July, 11 2008). Measuring Business Excellence, Vol. 8, No. 2, pp. 31-39, 2004. Available at SSRN: https://ssrn.com/abstract=1158226

Joseph Calandro, Jr. (Contact Author)

Fordham University - Gabelli Center for Global Security Analysis ( email )

531 Hughes Hall
441 E. Fordham Rd
Bronx, NY 10458
United States

HOME PAGE: http://www.linkedin.com/in/josephcalandro/

Scott Lane

Quinnipiac University ( email )

Mount Carmel Ave
Hamden, CT
United States
(203) 582-8367 (Phone)

Quinnipiac University ( email )

United States
2035828367 (Phone)
2035828367 (Fax)

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