... panel data regression models suggested a positive link between the insurance firm size and underwriting risk. For the robustness test, the results of the analysis using changes in data broadly resemble the outputs of the levels estimation. Research limitations/implications The sample of this study...

... in this study. Sensitivity testing with an alternative measure of underwriting risk is also performed. Findings Out of the three characteristics, size and committee independence appear to be negatively associated with underwriting risk. Meanwhile, the frequency of risk management committee meetings...