WorldviewRiskPerceptionandUnderwritingPerformanceAnEmpiricalStudyofPropertyLiabilityInsuranceIndustry.docVIP

Worldview, Risk Perception and Underwriting Performance: An Empirical Study of Property/Liability Insurance Industry Nieh, Chien-Chung, Shi-jie Jiang and I-chan Chiang Abstract Underwriting process is the core function of property/liability insurance companies. An appropriate underwriting policy can avoid adverse selection and make sure that insurance companies select only those insured whose actual loss will not exceed the expected loss. This study attempts to connect the culture theory of risk, risk perception with underwriting performance of underwriters in property/liability insuranc