An Investigation of the Performance of the U.S. Property-Casualty Insurance Industry

Working Paper Series S-95-17

Posted: 26 May 1998

See all articles by N.K. Chidambaran

N.K. Chidambaran

Fordham University - Gabelli School of Business

Thomas A. Pugel

Leonard N. Stern School of Business - Department of Economics

Anthony Saunders

New York University - Leonard N. Stern School of Business

Date Written: Undated

Abstract

This paper presents an empirical analysis of the economic performance of the U.S. property-casualty insurance industry, using estimations across 18 lines of insurance for the years 1984-1993. It adopts an industrial organization approach, focusing on loss ratios and combined ratios as measures of pricing performance. The line's seller concentration ratio and share of direct writers in the line are both found to be significant determinants of performance. The results are consistent with shortcomings in competition in some insurance lines.

JEL Classification: G22

Suggested Citation

Chidambaran, N.K. and Pugel, Thomas A. and Saunders, Anthony, An Investigation of the Performance of the U.S. Property-Casualty Insurance Industry (Undated). Working Paper Series S-95-17, Available at SSRN: https://ssrn.com/abstract=6774

N.K. Chidambaran

Fordham University - Gabelli School of Business ( email )

United States

Thomas A. Pugel (Contact Author)

Leonard N. Stern School of Business - Department of Economics ( email )

44 West Fourth Street, 7-180
New York, NY 10012
United States
212-998-0907 (Phone)
212-998-0907 (Fax)

Anthony Saunders

New York University - Leonard N. Stern School of Business ( email )

44 West 4th Street
9-190, MEC
New York, NY 10012-1126
United States
212-998-0711 (Phone)
212-995-4220 (Fax)

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