An Analysis of Reinsurance and Firm Performance: Evidence from the Taiwan Property-Liability Insurance Industry

[[abstract]]This study investigates the relationship between reinsurance and firm performance by sourcing panel data from the 1999 to 2009 period of the property-liability insurance industry in Taiwan. The results of this investigation offer some insight that firm performance and reinsurance are interdependent. We find that insurers with higher return on assets (ROA) tend to purchase less reinsurance and insurers with higher reinsurance dependence tend to have a lower level of firm performance. Therefore, managers have to strike a balance between decreasing insolvency risk and reducing potential profitability. Other empirical results show that ROA, underwriting risks, liquidity ratio, business line concentration, return on investment (ROI) and financial holding dummy have a significant correlation with reinsurance. In addition, firm size, financial leverage, reinsurance, underwriting risks, liquidity ratio and ROI have a significant influence on firm performance. Our results have practical implications for the property-liability insurance industry and competent authorities in Taiwan.[[incitationindex]]SSCI[[booktype]]紙

Kind met buikpijn en rectaal bloedverlies

Van Leeuwen CD, Holtman GA, Kranenberg JJ. A girl with abdominal pain and rectal bleeding. Huisarts Wet 2015;58(1):42-4. Enterobius vermicularis, or threadworm, is not often considered in the differential diagnosis of abdominal pain and blood in faeces, but it is advisable not to ignore this diagnosis. While E. vermicularis infection is usually not harmful, in rare cases invasion of the intestinal mucosa can lead to more severe inflammatory signs, such as rectal bleeding. It is not clear under which conditions this common intestinal parasite invades the intestinal mucosa, but it seems that it makes its entry through existing injury or lesions. E. vermicularis infection can easily be treated, and preferably the entire family should be treated, to prevent re-infection.</p