Risk Disclosures in UK insurance companies' annual reports
The topic of risk disclosure reporting has drawn considerable academic and regulatory attention is the past decade. Among these, Solvency II Pillar 3 disclosure requirements for insurance industry will be issued in 2012. This study explores risk disclosure within a sample of ten UK insurance compani...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2011
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| Online Access: | https://eprints.nottingham.ac.uk/25169/ |
| _version_ | 1848792931211673600 |
|---|---|
| author | ZHANG, SHAODI |
| author_facet | ZHANG, SHAODI |
| author_sort | ZHANG, SHAODI |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | The topic of risk disclosure reporting has drawn considerable academic and regulatory attention is the past decade. Among these, Solvency II Pillar 3 disclosure requirements for insurance industry will be issued in 2012. This study explores risk disclosure within a sample of ten UK insurance companies’ annual reports using content analysis. Based on positive accounting theory, hypotheses are developed to investigate the relationship between the extent of risk disclosure and insurance companies’ characteristics such as size, risk, profitability and type of insurance business. The study also discusses the nature of the risk disclosure by sample insurers specifically investigate their time orientation. Finally, size effect on the level of risk appetite information disclosure is examined. Overall, the results show that the level of risk disclosure increases significantly in the past five years, although there is a huge variation in reporting performance among sample insurers. It should also be noted that there is a lack of coherence in risk information reporting for observations and consequently stakeholders are unable to sufficiently examine the risk profile of the companies. |
| first_indexed | 2025-11-14T18:52:14Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-25169 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:52:14Z |
| publishDate | 2011 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-251692018-02-15T10:55:39Z https://eprints.nottingham.ac.uk/25169/ Risk Disclosures in UK insurance companies' annual reports ZHANG, SHAODI The topic of risk disclosure reporting has drawn considerable academic and regulatory attention is the past decade. Among these, Solvency II Pillar 3 disclosure requirements for insurance industry will be issued in 2012. This study explores risk disclosure within a sample of ten UK insurance companies’ annual reports using content analysis. Based on positive accounting theory, hypotheses are developed to investigate the relationship between the extent of risk disclosure and insurance companies’ characteristics such as size, risk, profitability and type of insurance business. The study also discusses the nature of the risk disclosure by sample insurers specifically investigate their time orientation. Finally, size effect on the level of risk appetite information disclosure is examined. Overall, the results show that the level of risk disclosure increases significantly in the past five years, although there is a huge variation in reporting performance among sample insurers. It should also be noted that there is a lack of coherence in risk information reporting for observations and consequently stakeholders are unable to sufficiently examine the risk profile of the companies. 2011-09-23 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/25169/1/SHAODI_ZHANG_DISSERTATION_MScRISKMANAGEMENT.pdf ZHANG, SHAODI (2011) Risk Disclosures in UK insurance companies' annual reports. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | ZHANG, SHAODI Risk Disclosures in UK insurance companies' annual reports |
| title | Risk Disclosures in UK insurance companies' annual reports |
| title_full | Risk Disclosures in UK insurance companies' annual reports |
| title_fullStr | Risk Disclosures in UK insurance companies' annual reports |
| title_full_unstemmed | Risk Disclosures in UK insurance companies' annual reports |
| title_short | Risk Disclosures in UK insurance companies' annual reports |
| title_sort | risk disclosures in uk insurance companies' annual reports |
| url | https://eprints.nottingham.ac.uk/25169/ |