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Leverage and reinsurance effects on loss reserves in the United Kingdom’s property–casualty insurance industry
We examine the relation between loss reserving errors, leverage and reinsurance in the UK's property-casualty insurance industry. We find that financially weak insurers under-estimate reserves to reduce leverage, and so pre-empt...
Leverage and reinsurance effects on loss reserves in the United Kingdom’s property–casualty insurance industry
We examine the relation between loss reserving errors, leverage and reinsurance in the UK's property-casualty insurance industry. We find that financially weak insurers under-estimate reserves to reduce leverage, and so pre-empt...
The strategic role of reinsurance in the United Kingdom's (UK) non-life insurance market
Using panel data for five main lines of insurance in the United Kingdom’s (UK) non-life insurance market we demonstrate that by increasing the level of reinsurance, primary insurers increase their product-market share at the...
The strategic role of reinsurance in the United Kingdom's (UK) non-life insurance market
Using panel data for five main lines of insurance in the United Kingdom’s (UK) non-life insurance market we demonstrate that by increasing the level of reinsurance, primary insurers increase their product-market share at the...