Reinsurance Demand and its Determinants of the P.R.China's Property-Casualty Insurance Industry——Evidence From Panel Data
Wang Liang
Abstract
Wang Liang
Abstract
Study on reinsurance demand and its determinants of property-casualty insurer is of great importance to the reinsurance strategy development and effective risk control of the insurance industry. Based on the analysis of reinsurance demand and China's insurance market environment,the paper is to define the reinsurance demand of Chinese property-casualty insurers as real business driven,and uses a fixed effect model and sample panel data set from 32 property-casualty insurers in China from 2001 to 2007 to conduct an empirical analysis on the determinants of reinsurance demand in China's market,and puts forwards some suggestions.
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Study on reinsurance demand and its determinants of property-casualty insurer is of great importance to the reinsurance strategy development and effective risk control of the insurance industry. Based on the analysis of reinsurance demand and China's insurance market environment,the paper is to define the reinsurance demand of Chinese property-casualty insurers as real business driven,and uses a fixed effect model and sample panel data set from 32 property-casualty insurers in China from 2001 to 2007 to conduct an empirical analysis on the determinants of reinsurance demand in China's market,and puts forwards some suggestions.
Key concepts: Reinsurance, Panel data, Property insurance, China, Actuarial science, Business, Insurance industry, Finance