Organizational Structure, Board Composition, and Risk Taking in the U.S. Property Casualty Insurance Industry

機構典藏 > College of Business and Management > Graduate Institute & Department of Insurance Insurance > Journal Article > Item 987654321/78385

Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/78385

Title:	Organizational Structure, Board Composition, and Risk Taking in the U.S. Property Casualty Insurance Industry
Authors:	Ho, Chia-ling;Lai, Gene C.;Lee, Jin-ping
Contributors:	淡江大學保險學系
Date:	2013-03
Issue Date:	2012-09-28 14:09:30 (UTC+8)
Publisher:	Hoboken: Wiley-Blackwell Publishing, Inc.
Abstract:	This study examines the impact of organizational structure and board composition on risk taking in the U.S. property casualty insurance industry, addressing different risk-taking behaviors from different perspectives. The risk-taking measures include total risk, underwriting risk, investment risk, and leverage risk. The evidence shows that mutual insurers have lower total risk, underwriting risk, and investment risk than stock insurers. In terms of board composition variables, we find that some board composition variables not only have impact on risk-taking behaviors but also affect different risk measures differently. Thus, using different risk measures is better than using one risk measure to assess risk-taking behavior. Finally, we conclude that an insurer can control its total risk through management of underwriting, investment, and leverage risks that determine an insurer's risk profile.
Relation:	Journal of Risk and Insurance 80(1), p.169–203
DOI:	10.1111/j.1539-6975.2012.01464.x
Appears in Collections:	[Graduate Institute & Department of Insurance Insurance] Journal Article

Files in This Item:

File	Size	Format
index.html	0Kb	HTML	260	View/Open
index.html	0Kb	HTML	245	View/Open
Organizational Structure, Board Composition, and Risk Taking in the U.S. Property Casualty Insurance Industry.pdf	742Kb	Adobe PDF	2	View/Open