文章基本信息

标题：FIRM SPECIFIC CHARACTERISTICS AND REINSURANCE – EVIDENCE FROM CROATIAN INSURANCE COMPANIES
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作者：Ćurak, Marijana ; Utrobičić, Marija ; Kovač, Daniel 等
期刊名称：Economic thought and practice
印刷版ISSN：1330-1039
出版年度：2014
期号：1
页码：29-42
语种：English
出版社：University of Dubrovnik
摘要：Reinsurance is the most important method of insurance companies’ actuarial risk management. Insurance companies’ internal factors of the reinsurance demand in the Republic of Croatia are examined in this paper. Random effects panel model was estimated by using the data about internal characteristics of 19 insurers in the period between 2006 and 2011. The results of empirical analysis show that important factors of the insurance companies’ decisions regarding the purchase of reinsurance are leverage, size, return on investment, ownership structure, as well as a share of non-life insurance in total insurance business. Underwriting result and asset volatility do not show statistically significant effect on reinsurance demand in the Croatian insurance market.
关键词：reinsurance; insurance companies; insurers’ internal characteristics