Factors affecting the profitability of reinsurance companies in sub-Saharan Africa: Evidence from dynamic panel analysis

被引:1
|
作者
Olarewaju, Odunayo Magret [1 ]
Msomi, Thabiso Sthembiso [1 ]
机构
[1] Durban Univ Technol, Dept Management Accounting, Fac Accounting & Informat, Durban, South Africa
来源
COGENT BUSINESS & MANAGEMENT | 2022年 / 9卷 / 01期
关键词
Reinsurance; system-generalised method of moments; sub-Saharan Africa; firm-specific; industry level; macroeconomic; LIFE-INSURANCE COMPANIES; SYSTEM-GMM; DETERMINANTS; PERFORMANCE; EFFICIENCY; COUNTRIES; DEMAND; GROWTH; BANKS; SIZE;
D O I
10.1080/23311975.2022.2093485
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study, which analysed the profitability of 42 reinsurers in Sub-Saharan Africa from 1991 to 2020, revealed that various factors such as gross domestic product, competition (HHI), premium growth, investment performance, underwriting risk, and operational efficiency affect the profitability in these companies. This study is quantitative and dynamic using system-generalised method of moments to analyse the data. The study discovered that reinsurers should broaden their services to remain highly competitive and boost their premium growth such that their profitability is sustained. Also, there should be a separate department of qualified professionals overseeing the adequate management of risk before sealing ceding agreement with insurers.
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页数:17
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