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Notas: Sumario: We use two reserve error definitions found in the literature to investigate the joint impact of previously studied incentives on the magnitude of reserve error. We find many prior conclusions are dependent upon the restricted setting in which the hypotheses are tested and on the definition of the reserve error. We find strong evidence that financially weak insurers underreserve to a greater extent than other insurers. However, our evidence casts doubt on the conclusion that insurers manipulate reserves to avoid solvency monitoring. We also find insurers increase reserves for tax purposes and to reduce the impact of regulatory rate suppression.Registros relacionados: En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 04/06/2012 Volumen 79 Número 2 - junio 2012 , p. 351-380Materia / lugar / evento: Mercado de seguros Seguro de daños patrimoniales Pérdidas Property Reservas técnicas Otros autores: Leverty, J. Tyler
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Property-liability insurer reserve error : motive, manipulation, or mistake