The Effects of Host Country factors on the Internationalization of the U.S. reinsurance Industry
AbstractReinsurance premium receipts from overseas countries to firms domiciled in the United States increased 207% during the years 1987 to 1999. It is important to understand the characteristics of countries that exhibit a rapid increase in imports of U.S. reinsurance services. This study found that U.S. reinsurance exports take place to countries with large markets and a higher per capita income and insurance prices, wherein there exists bilateral trade, and where local firms operate internationally. Contrary to expectations, the cultural distance between the U.S. and the host country was not found to have significant influence on U.S. reinsurance operations.
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Bibliographic InfoArticle provided by Western Risk and Insurance Association in its journal Journal of Insurance Issues.
Volume (Year): 26 (2003)
Issue (Month): 2 ()
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- Elango, B., 2009. "Minimizing effects of 'liability of foreignness': Response strategies of foreign firms in the United States," Journal of World Business, Elsevier, vol. 44(1), pages 51-62, January.
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