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The Impact of Sarbanes-Oxley on property-casualty insurer loss reserve estimates
Recurso electrónico / Electronic resource
MAP20200022831
Ma, Yu-Luen ‌
The Impact of Sarbanes-Oxley on property-casualty insurer loss reserve estimates / Yu-Luen Ma, Nat Pope
Sumario: The implementation of the Sarbanes-Oxley (SOX) Act in 2002 imposed a wide range of new oversight standards seeking to assure greater accuracy and transparency in the financial reporting of publicly traded firms in the U.S. This research assesses the relationship that the implementation of SOX shares with loss reserve estimation accuracy in the U.S. property-casualty insurance market. Using a comparative difference-in-difference approach, this research finds that, while publicly traded insurers have indeed experienced a significant reduction in loss reserve errors subsequent to SOX, the reduction is not attributable to SOX. These results hold true under a handful of robustness analyses
En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/04/2020 Volumen 45 Número 2 - abril 2020 , p. 313-334
1. Ley Sarbanes-Oxley ‌. 2. Property-casualty ‌. 3. Productos de seguros ‌. 4. Supervisión de seguros ‌. I. Pope, Nat ‌. II. Title.