Effects of risk management on cost efficiency and cost function of the U.S. Property and Liability Insurers

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<dc:creator>Lin, Hong-Jen</dc:creator>
<dc:creator>Wen, Min-Ming</dc:creator>
<dc:creator>Yang, Charles C.</dc:creator>
<dc:date>2011-12-01</dc:date>
<dc:description xml:lang="es">Sumario: This paperpts the one-step stochastic frotntier approach to investigate the impact of risk management tools of derivatives and reinsurance on cost efficency of U.S. property -liability insurance companies. The stochastic frontier approacha considers both the mean and variance of cost efficency. The sample includes both stock and mutual insurers. Among the findings, the cost function of the entire sample carries the concavity feature, and insurers tend to use financial derivatives for firm value creation</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/136699.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Matemática del seguro</dc:subject>
<dc:subject xml:lang="es">Seguro de responsabilidad civil</dc:subject>
<dc:subject xml:lang="es">Productos financieros</dc:subject>
<dc:subject xml:lang="es">Productos derivados</dc:subject>
<dc:subject xml:lang="es">Provisiones técnicas</dc:subject>
<dc:subject xml:lang="es">Modelo estocástico</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Effects of risk management on cost efficiency and cost function of the U.S. Property and Liability Insurers</dc:title>
<dc:relation xml:lang="es">En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 01/12/2011 Tomo 15 Número 4  - 2011 </dc:relation>
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