P&C RAROC: A Catalyst for Improved Capital Management in the Property and Casualty Insurance Industry
Abstract
Is the U.S. property & casualty (P&C) insurance industry overcapitalized? Many practitioners and industry observers claim that the industry is awash in capital, and that this excess capital has driven prices to historical lows. Others claim that the industry is undercapitalized relative to a large but plausible natural disaster, such as a large Tokyo earthquake, or a Category 5 hurricane through Miami — a “super catastrophe” in industry jargon.
Citation
NAKADA, P., SHAH, H., UGUR KOYLUOGLU, H. and COLLIGNON, O. (1999), "P&C RAROC: A Catalyst for Improved Capital Management in the Property and Casualty Insurance Industry", Journal of Risk Finance, Vol. 1 No. 1, pp. 52-69. https://doi.org/10.1108/eb022937
Publisher
:MCB UP Ltd
Copyright © 1999, MCB UP Limited