The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests
This study is aimed to investigate the determinants of reinsurance purchasing in the U.K. non-life insurance industry. By using the data on 276 U.K. non-life insurers during the period of 1989-2010, it empirically tests the 11 theoretical potential firm-special factors that affecting the demand for...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2013
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| Online Access: | https://eprints.nottingham.ac.uk/26686/ |
| _version_ | 1848793226005184512 |
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| author | ZHANG, YU |
| author_facet | ZHANG, YU |
| author_sort | ZHANG, YU |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This study is aimed to investigate the determinants of reinsurance purchasing in the U.K. non-life insurance industry. By using the data on 276 U.K. non-life insurers during the period of 1989-2010, it empirically tests the 11 theoretical potential firm-special factors that affecting the demand for reinsurance. Based on fixed effect model and binary regression model, it indicates underwriting risk, profitability, size, earning volatility, and product concentration have a strong impact on reinsurance purchasing for the U.K. non-life insurance firms, which suggest reinsurance enable insurers to mitigate underwriting risk, bankruptcy risk and probability in raising new external funds, to increase the underwriting capability and flexibility, and to access professional and relatively cheap services. In contact, tax related factors and organization form are found to have no significant impact on the reinsurance purchasing, and there also no support is found for the theoretically expected effect of leverage, growth opportunity, and liquidity on reinsurance demand. |
| first_indexed | 2025-11-14T18:56:55Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-26686 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:56:55Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-266862017-10-19T13:34:35Z https://eprints.nottingham.ac.uk/26686/ The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests ZHANG, YU This study is aimed to investigate the determinants of reinsurance purchasing in the U.K. non-life insurance industry. By using the data on 276 U.K. non-life insurers during the period of 1989-2010, it empirically tests the 11 theoretical potential firm-special factors that affecting the demand for reinsurance. Based on fixed effect model and binary regression model, it indicates underwriting risk, profitability, size, earning volatility, and product concentration have a strong impact on reinsurance purchasing for the U.K. non-life insurance firms, which suggest reinsurance enable insurers to mitigate underwriting risk, bankruptcy risk and probability in raising new external funds, to increase the underwriting capability and flexibility, and to access professional and relatively cheap services. In contact, tax related factors and organization form are found to have no significant impact on the reinsurance purchasing, and there also no support is found for the theoretically expected effect of leverage, growth opportunity, and liquidity on reinsurance demand. 2013-09-21 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/26686/1/DISSERTATION_YUZHANG.pdf ZHANG, YU (2013) The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | ZHANG, YU The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests |
| title | The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests |
| title_full | The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests |
| title_fullStr | The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests |
| title_full_unstemmed | The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests |
| title_short | The Demand for Reinsurance in U.K. Non-Life Insurance Industry: Theory and Empirical Tests |
| title_sort | demand for reinsurance in u.k. non-life insurance industry: theory and empirical tests |
| url | https://eprints.nottingham.ac.uk/26686/ |