文章基本信息

标题：Reinsurance analysis with respect to its impact on the performance: evidence from non-life insurers in Pakistan
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作者：Iqbal, Hafiza Tahoora ; Rehman, Mobeen Ur
期刊名称：AESTIMATIO : the IEB International Journal of Finance
印刷版ISSN：2173-0164
出版年度：2014
期号：8
页码：90-113
出版社：Instituto de Estudios Bursátiles
摘要：This article is based on the relationship that exists between the reinsurance and perform- ance of domestic non-life stock insurers currently operating in the private sector in Pakistan. Reinsurance is important because it helps to stabilize the earnings level, reduce the risk of insolvency and increase the underwriting capacity of the direct insurer. Because of these advantages most of the insurance companies make extensive use of it, which negatively af- fects their performance. Pakistan is a developing country currently suffering from a highly dynamic environment and critical economic conditions and requires an insurance industry that helps it in coping with such a situation. So, this article examines whether the reinsur- ance practice positively affects the performance of non-life direct insurers in Pakistan or conversely, has any negative effect on them. Reinsurance utilization and dependence and exposure of reinsurance (independent variables) have been analyzed with respect to their impact on certain firm's performance indicators, such as; Loss Ratio, Expense Ratio and Firm Size (dependent variables). Secondary data has been taken from the annual reports of insurance companies over the 10 year period s from 2002 to 2011 and three econometric models have been used for panel data regression analysis i.e. the Pooled Regression Model, the Fixed Effect Model and the Random Effect Model. The results of this study are consis- tent with previous studies performed in other parts of the world. The results indicate that reinsurance utilization improves the performance of the firm while dependence and expo- sure of reinsurance reduce its performance.
关键词：Reinsurance; Performance; Domestic Non-Life Stock Insurer; Reinsurer; Pakistan