Factors influencing Reinsurance demand in the UK

Huyen Bui Thanh

Master's thesis

Anotácia:

This thesis analyzed the relationship between insurer-specific and industry-specific factors to reinsurance demand in the United Kingdom. A dynamic panel data model with Generalized Methods of Moments has been implemented on the data set of 24 representative insurance companies in the UK within the period of 2010-2019. The findings provided evidence that both financial and operational aspects of insurers, pricing and performance of the reinsurance industry are significant determinants of reinsurance decision. On the other hand, there is no substantial evidence for the influence of insurers’ size and leverage usage on reinsurance purchase. This piece of work has provided a meaningful insight to the UK and global insurance market’s participants and policymakers to better regulate market operation. Moreover, it delivered a significant contribution to contemporary academic literature.

Abstract:

This thesis analyzed the relationship between insurer-specific and industry-specific factors to reinsurance demand in the United Kingdom. A dynamic panel data model with Generalized Methods of Moments has been implemented on the data set of 24 representative insurance companies in the UK within the period of 2010-2019. The findings provided evidence that both financial and operational aspects of insurers, pricing and performance of the reinsurance industry are significant determinants of reinsurance decision. On the other hand, there is no substantial evidence for the influence of insurers’ size and leverage usage on reinsurance purchase. This piece of work has provided a meaningful insight to the UK and global insurance market’s participants and policymakers to better regulate market operation. Moreover, it delivered a significant contribution to contemporary academic literature.

Kľúčové slová

insurance, reinsurance, UK market

Keywords

insurance, reinsurance, UK market

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 27. 11. 2020

Obhajoba závěrečné práce

• Obhajoba proběhla 9. 6. 2021
• Vedúci: Petra Tisová
• Oponent: Jaroslav Daňhel

Vysoká škola ekonomická v Praze

Master programme:
Finance and Accounting