(Download) "Financial Distress in Australian General Insurers." by Journal of Risk and Insurance # eBook PDF Kindle ePub Free
eBook details
- Title: Financial Distress in Australian General Insurers.
- Author : Journal of Risk and Insurance
- Release Date : January 01, 2007
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 328 KB
Description
ABSTRACT We develop and test a statistical model to identify Australian general insurers experiencing financial distress over the 1999-2001 period. Using a logit model and two measures of financial distress we are able to predict, with reasonable confidence, the insurers more likely to be distressed. They are generally small and have low return on assets and cession ratios. Relative to holdings of liquid assets they have high levels of property and reinsurance assets, and low levels of equity holdings. They also write more overseas business, and less motor insurance and long-tailed insurance lines, relative to fire and household insurance.
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