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The Combined effect of enterprise risk management and diversification on property and casualty insurer performance
Recurso electrónico / electronic resource
MAP20180020117
Ai, Jing ‌
The Combined effect of enterprise risk management and diversification on property and casualty insurer performance / Jing Ai, Vickie Bajtelsmit, TianyangWang
Sumario: In a well-designed enterprise risk management (ERM) program, the firm integrates risk management into the strategic planning process, addressing strategic, financial, operational, and hazard risks under a single overarching process. This is particularly important to large financial firms, such as property and casualty (P&C) insurers, which face a diverse set of risks. Using a sample of P&C insurers with S&P ERM quality ratings from 2006 to 2013, we find that the quality of a firm's ERM is a significant determinant of P&C insurer performance and that, for firms with high-quality ERM programs, product line diversification has a significant positive effect on performance
En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 01/06/2018 Volumen 85 Número 2 - junio 2018 , p. 513-543
1. Gerencia de riesgos ‌. 2. Riesgo estratégico ‌. 3. ERM ‌. 4. Riesgo operacional ‌. 5. Riesgo financiero ‌. 6. Planificación estratégica ‌. 7. Rendimiento ‌. 8. Empresas de seguros ‌. 9. Entidades financieras ‌. I. Bajtelsmit, Vickie ‌. II. Wang, T. ‌. III. Title.