The Satellite Insurance Market and Underwriting Cycles

Piotr Manikowski () and Mary Weiss
Additional contact information
Piotr Manikowski: Insurance Department, Poznań University of Economics, al. Niepodległości 10, Poznań 61-875, Poland.

The Geneva Risk and Insurance Review, 2013, vol. 38, issue 2, 148-182

Abstract: This research analyses whether underwriting cycles are present in an important but often overlooked line of insurance, satellite insurance. Unlike previous underwriting cycle studies, this study uses rates-on-line and capacity devoted to satellite insurance as well as loss ratios to determine the applicability of cycles. The sample period encompasses virtually the entire history of the satellite insurance industry, 1968–2010. The results indicate that cycles are present in the minimum and average rates-on-line and in capacity, but not the loss ratio. Regression analysis is carried out on the rate-on-line and capacity variables, and the regression results support the rational expectations/institutional intervention hypothesis and the capacity constraint (capital shock) hypothesis.

Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.palgrave-journals.com/grir/journal/v38/n2/pdf/grir20132a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/grir/journal/v38/n2/full/grir20132a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

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:pal:genrir:v:38:y:2013:i:2:p:148-182

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10713

Access Statistics for this article

The Geneva Risk and Insurance Review is currently edited by Michael Hoy and Nicolas Treich

More articles in The Geneva Risk and Insurance Review from Palgrave Macmillan, International Association for the Study of Insurance Economics (The Geneva Association) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().