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首页> 外文期刊>AESTIMATIO: the IEB International Journal of Finance >Reinsurance analysis with respect to its impact on the performance: evidence from non-life insurers in Pakistan
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Reinsurance analysis with respect to its impact on the performance: evidence from non-life insurers in Pakistan

机译：再保险对业绩的影响分析：来自巴基斯坦非寿险公司的证据

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This article is based on the relationship that exists between the reinsurance and perform- ance of domestic non-life stock insurers currently operating in the private sector in Pakistan. Reinsurance is important because it helps to stabilize the earnings level, reduce the risk of insolvency and increase the underwriting capacity of the direct insurer. Because of these advantages most of the insurance companies make extensive use of it, which negatively af- fects their performance. Pakistan is a developing country currently suffering from a highly dynamic environment and critical economic conditions and requires an insurance industry that helps it in coping with such a situation. So, this article examines whether the reinsur- ance practice positively affects the performance of non-life direct insurers in Pakistan or conversely, has any negative effect on them. Reinsurance utilization and dependence and exposure of reinsurance (independent variables) have been analyzed with respect to their impact on certain firm's performance indicators, such as; Loss Ratio, Expense Ratio and Firm Size (dependent variables). Secondary data has been taken from the annual reports of insurance companies over the 10 year period s from 2002 to 2011 and three econometric models have been used for panel data regression analysis i.e. the Pooled Regression Model, the Fixed Effect Model and the Random Effect Model. The results of this study are consis- tent with previous studies performed in other parts of the world. The results indicate that reinsurance utilization improves the performance of the firm while dependence and expo- sure of reinsurance reduce its performance.
机译：本文基于目前在巴基斯坦私营部门运营的国内非寿险公司的再保险与业绩之间的关系。再保险之所以重要，是因为它有助于稳定收益水平，降低破产风险并提高直接保险人的承保能力。由于这些优势，大多数保险公司都在广泛使用它，这对他们的业绩产生了负面影响。巴基斯坦是一个发展中国家，目前正遭受高度动荡的环境和严峻的经济状况之苦，并需要保险业来帮助其应对这种情况。因此，本文探讨了再保险业务是否会对巴基斯坦非寿险直接保险公司的业绩产生积极影响，或者反过来对它们产生负面影响。再保险利用和再保险的依存关系及风险（独立变量）已就其对某些公司绩效指标的影响进行了分析，例如：损失率，费用率和公司规模（因变量）。二级数据取自2002年至2011年这10年间的保险公司年度报告，并使用三种计量经济学模型进行面板数据回归分析，即汇总回归模型，固定效应模型和随机效应模型。这项研究的结果与之前在世界其他地区进行的研究一致。结果表明，再保险利用提高了公司的绩效，而再保险的依赖性和风险降低了公司的绩效。

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