Search

Your search keyword '"Hoyt, Robert E."' showing total 250 results
Start Over Author "Hoyt, Robert E."
250 results on '"Hoyt, Robert E."'

13. The impact of ERM on insurer performance under the Solvency II regulatory framework.

Author

González, Luis Otero, Santomil, Pablo Durán, and Hoyt, Robert E.

Subjects
INSURANCE companies, CHIEF risk officers, RISK management in business, RATE of return, RETURN on assets
Abstract

This paper analyzes whether the degree of Enterprise Risk Management (ERM) implementation affects the performance obtained by insurance companies in the context of Solvency II. We have constructed a composite ERM index of 76 variables based on the responses from the chief risk officers (CROs) of 44 insurance entities in one of the EU's largest insurance markets, namely, Spain. The results show that the higher the degree and quality of ERM implementation there is, the better the return on equity (ROE) and risk-adjusted return on assets (ROAadj) there is. We find that risk governance makes performance standards higher and more stable. Finally, our results suggest that models that run on Solvency II penalize small companies, meaning that improvements in management can offset the costs involved in its implementation. [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
View/download PDF

42. Agency acquisition: the value of amortizing expiration lists

Author

Hoyt, Robert E., Leverett, E.J., Jr., and Trieschmann, James S.

Subjects
United States. Internal Revenue Service -- Laws, regulations and rules, Amortization -- Laws, regulations and rules, Intangible property -- Taxation, Business, Insurance
Abstract

The depreciation of purchased insurance expirations was not allowed in court litigations before 1974 because of their immeasurability. However, the IRS passed Revenue Ruling 74-456 in 1974, explaining the procedure for amortizing expirations. Insurance agencies benefit from these rulings as illustrated by case studies. Alternatives to amortizing are also presented.

Published
1992

47. The drivers and value of enterprise risk management: evidence from ERM ratings.

Author

Bohnert, Alexander, Gatzert, Nadine, Hoyt, Robert E., and Lechner, Philipp

Subjects
RISK management in business, ENTERPRISE relationship management, BUSINESS development, ECONOMIC impact, SYSTEMIC risk (Finance)
Abstract

In the course of recent regulatory developments, holistic enterprise-wide risk management (ERM) frameworks have become increasingly relevant for insurance companies. The aim of this paper is to contribute to the literature by analyzing determinants (firm characteristics) as well as the impact of ERM on the shareholder value of European insurers using the Standard & Poor's ERM rating to identify ERM activities. This has not been done so far, even though it is of high relevance against the background of the introduction of Solvency II, which requires a holistic approach to risk management. Results show a significant positive impact of ERM on firm value for the case of European insurers. In particular, we find that insurers with a high quality risk management (RM) system exhibit a Tobin's Q that on average is about 6.5% higher than for insurers with less high quality RM after controlling for covariates and endogeneity bias. [ABSTRACT FROM AUTHOR]

Published
2019
Full Text
View/download PDF

49. Liability: Perspectives and Policy

Author

Hoyt, Robert E.

Subjects
Liability: Perspectives and Policy (Book), Books -- Book reviews, Business, Insurance
Abstract

Liability: Perspectives and Policy In recent years concern over growth in the number of liability lawsuits and increases in the amount of jury awards and out-of-court settlements had led to [...]

Published
1990

Catalog

Books, media, physical & digital resources
See catalog results