New Findings from University of Malaga Describe Advances in Insurance (Multi-objective Reference Point Techniques To Optimize Profitability, Growth, and Risk In the Non-life Insurance Industry: International Analysis): Insurance

2022 JUN 16 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Research findings on Insurance are discussed in a new report. According to news reporting from Malaga, Spain, by NewsRx journalists, research stated, “This paper combines reference point techniques and econometric analyses to provide the profile of non-life insurers that simultaneously optimize the strategic growth, profitability, and risk goals. The econometric analyses provide the relevant relations among the variables.”

Funders for this research include Spanish Government, Spanish Ministry of Science, Technology, and Universities, Junta de Andalucia, EU ERDF operative program, University of Malaga (Spain), CBUA.

The news correspondents obtained a quote from the research from the University of Malaga, “Non-life insurers from 33 Organisation for Economic Co-operation and Development countries over a six-year period are analyzed. A cluster analysis allows forming groups of countries according to the non-life insurance penetration ratio. Several scenarios, which are characterized by the maturity of the market and the crisis/non-crisis situation, are studied. The results indicate that the highest level of profitability (growth) is linked to scenarios with a medium (low) level of maturity and booming times. They also show that the lowest level of risk that is representative of good performance is associated with scenarios where markets have a high level of maturity and crisis times. We find that a higher recommendable size is associated with more mature markets. The results also indicate that reinsurance utilization is linked to a crisis time.”

According to the news reporters, the research concluded: “We additionally find that the recommendable level of capitalization differs significantly among scenarios.”

This research has been peer-reviewed.

For more information on this research see: Multi-objective Reference Point Techniques To Optimize Profitability, Growth, and Risk In the Non-life Insurance Industry: International Analysis. International Transactions in Operational Research, 2022. International Transactions in Operational Research can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; International Transactions in Operational Research - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1475-3995)

Our news journalists report that additional information may be obtained by contacting Francisco Ruiz, University of Malaga, Appl Econ Math Dept, Malaga, Spain. Additional authors for this research include Ana Isabel Gonzalez-Fernandez and Maria Rubio-Misas.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/itor.13155. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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