The Effects of business mix on internal and external...

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Artigos Artigos The Effects of business mix on internal and external reinsurance usage - Hsiao, Ching-Yuan

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Título: The Effects of business mix on internal and external reinsurance usage / Ching-Yuan Hsiao, Yung-Ming Shiu

Notas: Sumario: Our 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.

Materia / geográfico / evento: Mercado de reaseguros Icono con lupa
Reaseguro Icono con lupa
Análisis de mercados Icono con lupa

Autores secundários: Shiu, Yun-Ming Icono con lupa

Outras classificações: 5

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