dc.contributor.authorAng, Zie Sen
dc.contributor.authorGoh, Choon Yung
dc.contributor.authorLim, Wei Thong
dc.date.accessioned2013-04-04T07:17:31Z
dc.date.available2013-04-04T07:17:31Z
dc.date.copyright2013en_US
dc.date.issued2013
dc.identifier.urihttp://hdl.handle.net/10356/51528
dc.description.abstractWe examine the relationship between the presence of actuarial and other risk-related top executives on the risk levels of property-casualty insurance companies in the United States during 2007-2010. We find that the presence of actuarial top executives is associated with lower cash ratio, higher reinsurance assumed and higher reinsurance ceded in an insurance company, and do not observe similar results for chief risk officers (CRO) and other risk-related positions. We also identify features that insurance firms tend to exhibit associated with the change of actuarial professionals in top executives’ positions. Our paper contributes in several ways. First, this paper provides the first evidence that the presence of actuarial and other risk-related top executives in insurance firms is associated with firms’ risk level. Second, we analyze the effects of the presence of actuarial, CRO and other risk-related positions in top executives has on the risk taking level of a company. Overall, our paper provides insights to companies aiming to control their risk level by including actuarial staff in top executive’s position as one of the solutions.en_US
dc.format.extent85 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Business::Finance::Actuarial scienceen_US
dc.titleActuarial executives and insurer’s risk level : do actuarial executives make difference?en_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeBUSINESSen_US
dc.contributor.organizationNanyang Technological Universityen_US
dc.contributor.researchNetwork Technology Research Centreen_US


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