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Product diversification as a performance boosting strategy? Drivers and impact of diversification strategies in the property-liability insurance industry

Recurso electrónico / Electronic resource
MARC record
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1001 ‎$0‎MAPA20220008976‎$a‎Duijm, Patty
24510‎$a‎Product diversification as a performance boosting strategy? Drivers and impact of diversification strategies in the property-liability insurance industry‎$c‎Patty Duijm, Ilke Van Beveren
520  ‎$a‎We investigate the relationship between product diversification and performance in the Dutch property-liability (P&L) insurance industry for the period 20072018. We control for endogeneity by employing a two-step approach: we first investigate the drivers of diversification and, as a second step, we investigate the impact of diversification on risk and return. We find that the impact of diversification is twofold, as it reduces an insurer's risk but is also associated with lower returns. Our results suggest that the relation between diversification and performance is not straightforward, but is influenced by the size of an insurance undertaking. Specifically, only smaller companies' performance is significantly impacted by diversification.
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 4‎$0‎MAPA20080581978‎$a‎Property-casualty
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
7730 ‎$w‎MAP20077001748‎$g‎19/09/2022 Tomo 25 Número 3 - 2022 , p. 303-328‎$x‎1098-1616‎$t‎Risk management & insurance review‎$d‎Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-