Universität zu Köln

Schuh, Frederick and Noth, Lukas Michael (2022). Ownership structures and risk taking in the German property-liability insurance market. J. Co-Op. Organ. Manag., 10 (1). AMSTERDAM: ELSEVIER. ISSN 2213-2988

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Abstract

This paper investigates whether the organizational form of a property-liability insurer influences its risk-taking. We investigate the investment and underwriting behavior of 62 German property-liability insurers in the period from 2000 to 2019. We find that stock insurers take higher risks, both in underwriting and in investments than mutual insurers. Our findings are relevant to customers, investors, and regulators, as they provide insights into the fundamental differences between stock and mutual insurers in the German property-liability.insurance market.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Schuh, Frederick UNSPECIFIED UNSPECIFIED UNSPECIFIED Noth, Lukas Michael UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-664899
DOI:	10.1016/j.jcom.2022.100165
Journal or Publication Title:	J. Co-Op. Organ. Manag.
Volume:	10
Number:	1
Date:	2022
Publisher:	ELSEVIER
Place of Publication:	AMSTERDAM
ISSN:	2213-2988
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language CORPORATE GOVERNANCE; ORGANIZATIONAL FORM; ASSET PRICES; MORAL HAZARD; STOCK; INDUSTRY; EFFICIENCY Multiple languages Management Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/66489