[PDF][PDF] Underwriting betas-the shadows of ghosts
TJ Kozik - Proceedings of the Casualty Actuarial Society, 1994 - casact.org
This paper critiques the methodologies used in prior studies to estimate underwriting betas
for application in the “insurance CAPM.” It argues that reliable estimates of un-derwriting …
for application in the “insurance CAPM.” It argues that reliable estimates of un-derwriting …