دانلود مقاله ISI انگلیسی شماره 104092
ترجمه فارسی عنوان مقاله

تجزیه و تحلیل عوامل تعیین کننده خطر ورشکستگی برای شرکت های بیمه عمومی در انگلستان

عنوان انگلیسی
Analysing the determinants of insolvency risk for general insurance firms in the UK
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
104092 2017 50 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Banking & Finance, Volume 84, November 2017, Pages 107-122

پیش نمایش مقاله
پیش نمایش مقاله  تجزیه و تحلیل عوامل تعیین کننده خطر ورشکستگی برای شرکت های بیمه عمومی در انگلستان

چکیده انگلیسی

This paper estimates a reduced-form model to assess the insolvency risk of General Insurance (GI) firms in the UK. In comparison to earlier studies, it uses a much larger sample including 30 years of data for 515 firms, and also considers a much wider set of possible determinants of insolvency risk. The empirical results suggest that macroeconomic and firm-specific factors both play important roles. Other key findings are the following: insolvency risk varies across firms depending on their business lines; there is default clustering in the GI industry; different reinsurance levels also affect the insolvency risk of insurance firms. The implications of these findings for regulators of GI firms under the newly launched Solvency II are discussed.