THE EFFICACY OF REGULATORS' ESTIMATES OF LIFE INSURER PORTFOLIO RISK
L. Lee Colquitt and
Larry A. Cox
Risk Management and Insurance Review, 1999, vol. 2, issue 2, 1-13
Abstract:
Abstract: In recent years, state regulators have expended considerable effort and resources to better measure the asset portfolio risk of life insurers. Their estimates are both particularly important in determining reserve requirements and potentially useful for testing the agency costs of conflict between the fixed and residual claimants of insurers. In this study, we test the degree to which these regulator‐developed measures are related to the firm and environmental characteristics that financial economists have linked to managerial risk‐taking propensities. Our results provide insight into whether these measures effectively gauge the risk preferences of insurer managers.
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://doi.org/10.1111/j.1540-6296.1999.tb00048.x
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:rmgtin:v:2:y:1999:i:2:p:1-13
Access Statistics for this article
Risk Management and Insurance Review is currently edited by Mary A. Weiss
More articles in Risk Management and Insurance Review from American Risk and Insurance Association
Bibliographic data for series maintained by Wiley Content Delivery ().