Journal of Risk Finance: Volume 7 Issue 2

An insurance paradox

Michael R. Powers

To consider why the law of large numbers does not play a more significant role in determining an insurer's financial leverage.

Empirical study of value‐at‐risk and expected shortfall models with heavy tails

Fotios C. Harmantzis, Linyan Miao, Yifan Chien

This paper aims to test empirically the performance of different models in measuring VaR and ES in the presence of heavy tails in returns using historical data.

Determinants of dividend payout ratios in Ghana

Mohammed Amidu, Joshua Abor

This study seeks to examine the determinants of dividend payout ratios of listed companies in Ghana.

Analysis of multinational underwriting cycles in property‐liability insurance

Chao‐Chun Leng, Ursina B. Meier

The paper sets out to use the loss ratio series of Switzerland, Germany, the USA and Japan, to test whether underwriting cycles still exist internationally and to identify…

Business cycles in insurance and reinsurance: the case of France, Germany and Switzerland

Ursina B. Meier, J. François Outreville

This article aims to examine the existence of an underwriting cycle in property‐liability insurance for France, Germany and Switzerland (primary markets) and for the European…

The use of spectral analysis in insurance cycle research

Emilio C. Venezian

Aims to address a number of issues related to the use of spectral analysis in the study of insurance cycles.

Application of spectral and ARIMA analysis to combined‐ratio patterns

Emilio C. Venezian, Chao‐Chun Leng

This paper seeks to use spectral analysis as an alternative method to analyze whether underwriting results exhibit a cyclical behavior for the property‐liability insurance…

Crossing the chasm: minimizing the risk of off-shoring steps up to the next level

Chris Gentle

Statistical Modeling in Finance

Global financial centers: one, two, three ... infinity?

Michael Mainelli