The Insurance Cycle

Nobody doubts that the insurance cycle is created by people.  So it makes sense to study people to understand the insurance cycle.

The Human Dynamics of the Cycle and Implications for Insurers

is a new paper by Alice Underwood and Dave Ingram that explores the link between the ideas of Plural Rationalities from anthropology and the people whose actions lead to the insurance cycle.

There is an interaction between the market and the people who make the decisions within insurers that is shown to create the insurance cycle.

Better insurer performance during the various stages of the insurance cycle can be obtained by better understanding these dynamics, studying the market with this understanding in mind and making choices that take advantage of that understanding.

This paper will be presented at the 2010 ERM Symposium in Chicago April 12 – 14.

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Explore posts in the same categories: Cultural Theory of Risk, Enterprise Risk Management, Insurance Risk, People Risk, Risk Learning

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