期刊論文

標題 The effects of business mix on internal and external reinsurance usage
學年 108
學期 1
出版(發表)日期 2019/10/01
作品名稱 The effects of business mix on internal and external reinsurance usage
作品名稱(其他語言)
著者 Ching-Yuan Hsiao; Yung-Ming Shiu
單位
出版者
著錄名稱、卷期、頁數 The Geneva Papers on Risk and Insurance - Issues and Practice 44(4), p.624-652
摘要 Our overall aim in this research is to identify the effects of the business mix of insurers on their overall reinsurance usage, based on the use of the Cragg (Econometrica 39:829–844, 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.
關鍵字 Finite risk paradigm;Risk-bearing hypothesis;Managerial discretion;Internal reinsurance;External reinsurance
語言 英文
ISSN 1018-5895; 1468-0440
期刊性質 國外
收錄於 SSCI;
產學合作
通訊作者 Yung-Ming Shiu
審稿制度
國別 瑞士
公開徵稿
出版型式 ,電子版