The impact of natural disasters on insurers’ profitability: Evidence from Property/Casualty Insurance company in United States

Nadia Benali and Rochdi Feki

Research in International Business and Finance, 2017, vol. 42, issue C, 1394-1400

Abstract: Natural disasters affect not only families and businesses, but also governments and insurance companies. They cause major losses and encourage insurers to take various measures to stabilize their technical performance. This paper aims to examine the impact of natural disasters on the United States (U.S) Property/Casualty insurance profitability for the 2008–2012 period. The results obtained indicate that volume of capital and premium to surplus ratio have a significant positive impact on profitability. While, loss ratio, unexpected frequency and blockbuster have a negative effect on insures’ profitability.

Keywords: Profitability; Property/casualty insurance; Natural disaster; Panel data (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:42:y:2017:i:c:p:1394-1400

DOI: 10.1016/j.ribaf.2017.07.078

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