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Economic factors, firm characteristics and performance: a panel data analysis for United Kingdom life offices

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  • Yung-Ming Shiu

Abstract

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 interest rate level, but negatively related to interest rate changes, reinsurance dependence, assets held to cover linked liabilities and instability of asset structure.

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  • Yung-Ming Shiu, 2009. "Economic factors, firm characteristics and performance: a panel data analysis for United Kingdom life offices," Applied Economics Letters, Taylor & Francis Journals, vol. 16(10), pages 1033-1037.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:10:p:1033-1037
    DOI: 10.1080/13504850701335269
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    References listed on IDEAS

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    1. M. Adams & M. Buckle, 2003. "The determinants of corporate financial performance in the Bermuda insurance market," Applied Financial Economics, Taylor & Francis Journals, vol. 13(2), pages 133-143.
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    1. Shiu, Yung-Ming, 2020. "How does reinsurance and derivatives usage affect financial performance? Evidence from the UK non-life insurance industry," Economic Modelling, Elsevier, vol. 88(C), pages 376-385.

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