Insurable Losses: Systematic or Unsystematic Risk?

Dongsae Cho

Journal of Insurance Issues, 1987, vol. 10, issue 1, 1-12

Abstract: This paper examines accounting beta estimates for individual lines of insurance and some correlation coefficients to help apply portfolio theory and the CAPM to the insurance area. The study result (1) confirms different degrees of diversification effects among insurance lines and (2) indicates that insurable losses may be either systematic or unsystematic depending upon the line of insurance under consideration.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:wri:journl:v:10:y:1987:i:1:p:1-12

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