IDEAS home Printed from
   My bibliography  Save this article

Mutual versus Stock Insurers: A Synthesis of the Theoretical and Empirical Research


  • Richard MacMinn
  • Yayuan Ren


The coexistence of mutual and stock organizational form in insurance has been the topic of extensive study. This article provides a review of theoretical and empirical literature from three perspectives: agency problems in each form, efficiency, and the causes of conversion between the two forms. Issues in the existing literature and unanswered questions are also identified.

Suggested Citation

  • Richard MacMinn & Yayuan Ren, 2011. "Mutual versus Stock Insurers: A Synthesis of the Theoretical and Empirical Research," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 34(2), pages 101-111.
  • Handle: RePEc:wri:journl:v:34:y:2011:i:2:p:101-111

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wri:journl:v:34:y:2011:i:2:p:101-111. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (James Barrese). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.