Journal of Risk and Insurance

This academic risk management and insurance journal provides research in industrial organization of insurance markets, management of risks in the private and public sectors, insurance regulation and more.

Articles from Vol. 59, No. 1, March

An Analysis of Life Insurer Retention Limits
This study examines the relationship between ceding life insurers' retention limits on an insured life basis and certain operational and financial characteristics of the companies. Analysis is performed using 97 major U.S. insurers with 1987 assets...
An Examination of Cost Economies in the United States Life Insurance Industry
Using an industry sample of 423 U.S. life insurers, this study reports estimates of overall and product specific scale economies, as well as, pair-wise cost complementarities for a wide variety of products. Estimates of these cost characteristics are...
An Exposition of the Implications of Limited Liability and Asymmetric Taxes for Property-Liability Insurance
ABSTRACT This article elaborates upon the intuition underlying Doherty and Garven's (1986) option pricing model and extends its basic results to a further consideration of the implications of limited liability and asymmetric taxes for pricing...
Cost Implications of No-Fault Automobile Insurance
ABSTRACT No fault advocates commonly predict automobile insurance cost savings for consumers in states adopting no-faults statutes in place of a tort system. For states implementing no-fault, the cost results have been mixed. This study compares...
Output Price Indexes for the U.S. Life Insurance Industry
For many years analysts have been interested in measuring the cost to consumers of life insurance and in comparing insurance prices across companies.(1) This article focuses on price measurement for the life insurance industry from a different point...