A Study on Underwriting Cycle of Property Insurance Industry of China
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May 1, 2012
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Lin Zhang
College of Hunan University, Changsha Hunan Province, China
Linjuan Tang
College of Hunan University, Changsha Hunan Province, China
Abstract
Methods in underwriting cycle research are compared. A second-order autoregressive model, which includes structural transition and Christiano-Fitzgerald (CF) Filter method, is used to analyze China’s underwriting cycle with annual property insurance loss ratio data from 1982 to 2008. Results show that the underwriting cycle is 11-12 years and, from the phase of underwriting cycle, management suggestions about underwriting cycle phenomenon are provided.
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