Centro de Documentación de Fundación MAPFRE - The Combined effect of enterprise risk management and diversification on property and casualty insurer performance

MAP20180020117

The Combined effect of enterprise risk management and diversification on property and casualty insurer performance / Jing Ai, Vickie Bajtelsmit, TianyangWang

Sumario: In a well-designed enterprise risk management (ERM) program, the firm integrates risk management into the strategic planning process, addressing strategic, financial, operational, and hazard risks under a single overarching process. This is particularly important to large financial firms, such as property and casualty (P&C) insurers, which face a diverse set of risks. Using a sample of P&C insurers with S&P ERM quality ratings from 2006 to 2013, we find that the quality of a firm's ERM is a significant determinant of P&C insurer performance and that, for firms with high-quality ERM programs, product line diversification has a significant positive effect on performance

En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 01/06/2018 Volumen 85 Número 2 - junio 2018 , p. 513-543

1. Gerencia de riesgos . 2. Riesgo estratégico . 3. ERM . 4. Riesgo operacional . 5. Riesgo financiero . 6. Planificación estratégica . 7. Rendimiento . 8. Empresas de seguros . 9. Entidades financieras . I. Bajtelsmit, Vickie . II. Wang, T. . III. Título.