期刊論文
| 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 | en |
| 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 | 否 |
| 國別 | CHE |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/117093 ) |