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The Effects of business mix on internal and external reinsurance usage

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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008  191002e20191001che|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎5
1001 ‎$0‎MAPA20190013598‎$a‎Hsiao, Ching-Yuan
24514‎$a‎The Effects of business mix on internal and external reinsurance usage‎$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
7730 ‎$w‎MAP20077100215‎$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