Local religious beliefs and insurance companies' risk-taking behaviour

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Collection: Articles
Title: Local religious beliefs and insurance companies' risk-taking behaviour / Thomas R. Berry-Stölzle, Jianren Xu
Author: Berry-Stölzle, Thomas R.
Notes: Sumario: We empirically examine the effect of local religious beliefs on the risk-taking behaviour of U.S. life insurers headquartered in that region. We distinguish between insurers that predominantly write annuities and insurers that predominantly write life insurance policies; the annuity business is relatively riskier than writing life insurance. Insurers headquartered in high-Catholic or low-Protestant areas are more likely to be annuity writers. Annuity writers located in high-Catholic or low-Protestant areas invest more in risky assets and exhibit higher investment return volatilities, as well as a higher volatility of their return on assets. Overall, our results suggest that local culture has significant influences on life insurers' behaviour
Related records: En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 04/04/2022 Volumen 47 Número 2 - abril 2022 , p. 242-278
Materia / lugar / evento: Seguro de vida Religión Renta vitalicia Comportamiento social Estados Unidos
Other authors: Xu, Jianren
Other categories: 341
Rights: In Copyright (InC): http://rightsstatements.org/vocab/InC/1.0/
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