Publications-Periodical Articles
Article View/Open
Publication Export
-
題名 The Determinants of Solvency in the United Kingdom Life Insurance Market 作者 許永明
Shiu, Yung-Ming貢獻者 風管系 日期 2006-08 上傳時間 22-Jan-2015 16:13:12 (UTC+8) 摘要 This paper examines the solvency determinants, including economic and firm-specific factors, in the United Kingdom life insurance market. Using panel data for 1986–1999, it is found that solvency was positively related to bonds-to-total assets, equities-to-total assets, and level of new business, but negatively related to unexpected inflation, market competition, assets held to cover linked liabilities-to-total assets, life and general annuity reserves-to-total reserves, pension reserves-to-total reserves, permanent health reserves-to-total reserves, other reserves-to-total reserves, firm size, and insurance leverage. Based on panel data for the three subperiods, 1986–1990, 1990–1994, and 1994–1999, it was further found that solvency determinants changed from one epoch to another. 關聯 Applied Economics Letters,12(6),339-344. 資料類型 article DOI http://dx.doi.org/10.1080/13504850500092640 dc.contributor 風管系 dc.creator (作者) 許永明 zh_TW dc.creator (作者) Shiu, Yung-Ming dc.date (日期) 2006-08 dc.date.accessioned 22-Jan-2015 16:13:12 (UTC+8) - dc.date.available 22-Jan-2015 16:13:12 (UTC+8) - dc.date.issued (上傳時間) 22-Jan-2015 16:13:12 (UTC+8) - dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/73117 - dc.description.abstract (摘要) This paper examines the solvency determinants, including economic and firm-specific factors, in the United Kingdom life insurance market. Using panel data for 1986–1999, it is found that solvency was positively related to bonds-to-total assets, equities-to-total assets, and level of new business, but negatively related to unexpected inflation, market competition, assets held to cover linked liabilities-to-total assets, life and general annuity reserves-to-total reserves, pension reserves-to-total reserves, permanent health reserves-to-total reserves, other reserves-to-total reserves, firm size, and insurance leverage. Based on panel data for the three subperiods, 1986–1990, 1990–1994, and 1994–1999, it was further found that solvency determinants changed from one epoch to another. dc.format.extent 138 bytes - dc.format.mimetype text/html - dc.relation (關聯) Applied Economics Letters,12(6),339-344. dc.title (題名) The Determinants of Solvency in the United Kingdom Life Insurance Market dc.type (資料類型) article en dc.identifier.doi (DOI) 10.1080/13504850500092640 en_US dc.doi.uri (DOI) http://dx.doi.org/10.1080/13504850500092640 en_US
