The Effects of business mix on internal and external reinsurance usage
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LDR | 00000cab a2200000 4500 | ||
001 | MAP20190028530 | ||
003 | MAP | ||
005 | 20191004144234.0 | ||
008 | 191002e20191001che|||p |0|||b|eng d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a5 | ||
100 | 1 | $0MAPA20190013598$aHsiao, Ching-Yuan | |
245 | 1 | 4 | $aThe Effects of business mix on internal and external reinsurance usage$cChing-Yuan Hsiao, Yung-Ming Shiu |
520 | $aOur overali aim in this research is to identify the effects of the business mix of insurers on their overail reinsurance usage, based on the use of the Cragg (Econometrica39: 829-844, 1971) model, for our analysis of the reinsurance decisions made by insurers in the U.K. life insurance industry between 2005 and 2014. Our findings reveal a positive (negative) correlation between with-profit (unit-linked) business and reinsurance, thereby indicating that insurers underwriting riskier product mixes have a higher demand for reinsurance. We go on to separate total reinsurance into internal and external reinsurance before carrying out further analyses. Our results reveal that insurers underwriting more with-profit business appear to use more internal reinsurance, which would seem to imply that internal reinsurance could be more cost effective for those reinsurance transactions involving greater managerial discretion. | ||
650 | 4 | $0MAPA20080602529$aMercado de reaseguros | |
650 | 4 | $0MAPA20080552367$aReaseguro | |
650 | 4 | $0MAPA20080594602$aAnálisis de mercados | |
700 | $0MAPA20110019587$aShiu, Yun-Ming | ||
773 | 0 | $wMAP20077100215$tGeneva papers on risk and insurance : issues and practice$dGeneva : The Geneva Association, 1976-$x1018-5895$g01/10/2019 Volumen 44 Número 4 - octubre 2019 , p. 624-652 |