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Competing models of organizational form: risk management strategies and underwriting profitability in the Swedish fire insurance market between 1903 and 1939


Reference:

Adams, M., Andersson, L. F., Lindmark, M. and Veprauskaite, E., 2012. Competing models of organizational form: risk management strategies and underwriting profitability in the Swedish fire insurance market between 1903 and 1939. Journal of Economic History, 72 (4), pp. 990-1014.

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    Official URL:

    http://dx.doi.org/10.1017/S0022050712000666

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    Abstract

    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.

    Details

    Item Type Articles
    CreatorsAdams, M., Andersson, L. F., Lindmark, M. and Veprauskaite, E.
    DOI10.1017/S0022050712000666
    Related URLs
    URLURL Type
    http://www.scopus.com/inward/record.url?scp=84871310808&partnerID=8YFLogxKUNSPECIFIED
    DepartmentsSchool of Management
    Publisher StatementAdams_J_Econ_Hist_2012_72_4.pdf: Copyright © The Economic History Association 2012
    RefereedYes
    StatusPublished
    ID Code34115

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