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Local religious beliefs and insurance companies' risk-taking behaviour

Recurso electrónico / Electronic resource
Registro MARC
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100  ‎$0‎MAPA20080648787‎$a‎Berry-Stölzle, Thomas R.
24510‎$a‎Local religious beliefs and insurance companies' risk-taking behaviour‎$c‎Thomas R. Berry-Stölzle, Jianren Xu
520  ‎$a‎We 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
650 4‎$0‎MAPA20080570590‎$a‎Seguro de vida
650 4‎$0‎MAPA20080548865‎$a‎Religión
650 4‎$0‎MAPA20080573614‎$a‎Renta vitalicia
650 4‎$0‎MAPA20080600402‎$a‎Comportamiento social
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
7001 ‎$0‎MAPA20180001611‎$a‎Xu, Jianren
7730 ‎$w‎MAP20077100215‎$g‎04/04/2022 Volumen 47 Número 2 - abril 2022 , p. 242-278‎$x‎1018-5895‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-