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АНДЕРРАЙТИНГОВЫЕ ЦИКЛЫ И КРИЗИСЫ // Underwriting Cycles and Crises

Author

Listed:
  • Piotr Manikowski

    (Poznań University of Economics and Business)

  • П. Маниковский

    (Государственный экономический университет)

Abstract

The cyclicality of underwriting profits for the property-liability insurance industry has been extensively researched. The underwriting cycle refers to a repeating series of phases that insurance markets go through. The sequence of hard and soft markets may be observed in prices, profitability, and supply (capacity) for insurance. In this study we try to describe in detail phases of insurance cycles and its characteristics. We put a special emphasis into crises (hard markets). We also present some historical data about crises, its causes and consequence on the example of the US insurance market. В статье исследуется цикличность прибыли андеррайтинга в страховании имущества и ответственности. Цикл андеррайтинга соотносится фазами страховых рынков. Чередование жестких и мягких фаз рынка может быть рассмотрена с точки зрения цен, рентабельности и емкости страхования. В данном исследовании подробно описаны этапы страховых циклов и его характеристик. Особый акцент сделан на кризисах (жестких рынках). Также приведены исторические данные о кризисах, их причинах и последствиях на примере страхового рынка США. Статья публикуется по результатам круглого стола конференции: II Международный форум «В поисках утраченного роста» Научно-практическая конференция «Глобальная экономика: все еще в зоне турбулентности», модератор - С.Н. Сильвестров. Статья подготовлена в рамках сотрудничества Департамента страхования и экономики социальной сферы Финансового университета при Правительстве Российской Федерации, рук. деп., д-р экон. наук, проф. А.А. Цыганов, зам. рук. деп., д-р экон. наук, проф. Н.В. Кириллова, кафедры «Страхование» Экономического университета г. Познани, Польша, зав. каф., д-р экон. наук, проф. Я. Лисовский, д-р экон. наук, проф. П. Маниковский и кафедры «Страхование» Экономического университета г. Вроцлава, Польша, зав. каф., д-р экон. наук, проф. В. Ронка-Шмелович, доц., PhD M. Борда.

Suggested Citation

  • Piotr Manikowski & П. Маниковский, 2016. "АНДЕРРАЙТИНГОВЫЕ ЦИКЛЫ И КРИЗИСЫ // Underwriting Cycles and Crises," Мир новой экономики // The world of new economy, Финансовый университет при Правительстве Российской Федерации // Financial University under The Governtment оf The Russian Federation, issue 4, pages 76-81.
    • Handle: RePEc:scn:wnewec:y:2016:i:4:p:76-81
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    References listed on IDEAS

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    1. Grace, M. F. & J. L. Hotchkiss, 1993. "External Impacts on the Property-Liability Insurance Cycle," Working Papers 020, Risk and Insurance Archive, revised Feb 1995.
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