English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 91913/122132 (75%)
Visitors : 25822895      Online Users : 85
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/112116

    Title: Is reinsurance a substitute for or a complement to derivative usage? Evidence from the U.K. non-life insurance industry
    Authors: 許永明
    Shiu, Yung Ming
    Contributors: 風管系
    Date: 2016-01
    Issue Date: 2017-08-23 11:21:55 (UTC+8)
    Abstract: Reinsurance and derivatives are tools in general use by insurers as the means of hedging their respective underwriting and investment risks. The primary aim of this study is to examine the relationship between reinsurance and derivative usage, a relationship which is tested based on a data set on U.K. non-life insurers covering the years 1994-2011. Consistent with the "substitution" hypothesis, we find strong evidence of a tendency among insurers with higher dependence on reinsurance (derivatives) to exhibit less reliance on derivatives (reinsurance). This result lends support to the view that, when making their risk management decisions, managers of such insurers will seek to determine the overall risk exposure of the firm.
    Relation: Geneva Papers on Risk and Insurance: Issues and Practice, 41(1), 161-178
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1057/gpp.2015.25
    DOI: 10.1057/gpp.2015.25
    Appears in Collections:[風險管理與保險學系 ] 期刊論文

    Files in This Item:

    File Description SizeFormat

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback