Using company-level panel data (2001–2003), this paper empirically examines whether Taiwanese insurers' use of derivatives for hedging purposes is significantly related to their solvency (as measured by solvency ratio). Contrary to the public's perception that firms with derivative programmes...

This article examines panel data evidence to investigate the linkage between insurer performance proxied by investment yield and several economic and firm-specific factors in the United Kingdom life insurance industry. The empirical results indicate that investment yield is positively related...

Many articles relating to the issue of pension reforms are devoted to the pension systems in Western countries. Very few papers address this issue in the context of Asian countries, especially developing ones. The main purpose of this article is to evaluate the current and future pension...

Over the past few years, many financial institutions have actively traded basket warrants in the over-the-counter market. Prior research has proposed an approach to valuing single-stock options subject to credit. However, this approach cannot be applied directly to the case of basket warrants....

There has been considerable growth in the derivatives holdings of Taiwanese insurance companies in recent years and this study examines the determinants of derivative use for both life and non-life companies. The determinants are different in the two insurance sectors. For the life sector, we...

The concept of internal marketing employed in the service sector is crucial to excellent service provision and successful external marketing. This study conducts an empirical investigation into the non-life insurance industry in Taiwan, exploring the correlation between internal marketing,...

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...