Competing Models of Organizational Form

Risk Management Strategies and Underwriting Profitability in the Swedish Fire Insurance Market Between 1903 and 1939

Dados Bibliográficos

ID10102520
AutoresMichael Adams (0000-0001-7577-3532), Mike Adams (0000-0002-1201-0025, University of Bath, autor correspondente), Lars‐fredrik Andersson (0000-0002-1413-3707, Umeå University, autor correspondente), Lars Fredrik Andersson, Magnus Lindmark (0000-0002-3293-2318, Umeå University, autor correspondente), Elena Veprauskaite (University of Bath, autor correspondente)
Ano2012
Volume72
Fascículo4
Páginas990-1014
Data de publicação2012-12-14
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Journal of Economic History (JOURNAL)
Identificadores do periódicoISSN: 0022-0507 • E-ISSN: 1471-6372
EditoraCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050712000666
OpenAlexW2104035380
IdiomaEN
Citações recebidas6
Referências citadas26

Mutual and stock insurers have coexisted and competed against each other in insurance markets for centuries. In this article, we examine the risk management strategies and underwriting profitability of the different organizational forms in Sweden's property fire insurance market between 1903 and 1939. We demonstrate that stock insurers acted as intermediaries between policyholders and reinsurers to operate effectively in the potentially high-risk segments of the fire insurance market. In contrast, nationwide mutual insurers kept larger reserves to balance fluctuations in claims experiences, while local insurance pools relied on social obligation and trust to mobilize capital after adverse fire events

Actuarial science · Business · Casualty insurance · General insurance · Income protection insurance · Insurance policy · Intermediary · Medical underwriting · Profitability index · Property insurance · Risk pool · Underwriting · Agricultural risk and resilience · Finance · Insurance and Financial Risk Management · Insurance, Mortality, Demography, Risk Management