Shiu, Yung-Ming; Wang, Chi- Feng; Adams, Andrew; Ou, … - In: Asian Economic and Financial Review 3 (2013) 2, pp. 160-177
The purpose of this paper is to assess whether loss reserving adjustment exists in the UK general insurance industry and, if so, what motivates managers to modify reserves. Our research shows that: insurers bias loss reserve accrual to smooth income or to avoid triggering regulatory...