Failure factors in non-life insurance companies in United Kingdom

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

Failure in insurance company is a condition of financial distress where a company has difficulty paying off its financial obligations to its creditors. This study continues the research from the study in identifying the determinants for run-off non-life insurance companies in United Kingdom. The analysis continues to identify other variables that could lead companies to financial distress that is macroeconomic factors (GDP rates, inflation rates and interest rates); total companies failed a year before and average size for failed companies'. The result from the analysis indicates that inflation rates, interest rates, total companies failed a year before and average sizes for failed companies are the best predictors. An early detection of failure can prevent companies from bankruptcy and allow management to take action to reduce the failure costs.

Original languageEnglish
Title of host publicationAIP Conference Proceedings
Pages1132-1137
Number of pages6
Volume1522
DOIs
Publication statusPublished - 2013
Event20th National Symposium on Mathematical Sciences - Research in Mathematical Sciences: A Catalyst for Creativity and Innovation, SKSM 2012 - Putrajaya
Duration: 18 Dec 201220 Dec 2012

Other

Other20th National Symposium on Mathematical Sciences - Research in Mathematical Sciences: A Catalyst for Creativity and Innovation, SKSM 2012
CityPutrajaya
Period18/12/1220/12/12

Fingerprint

United Kingdom
determinants
costs
predictions

Keywords

  • Bankruptcy
  • Financial distress

ASJC Scopus subject areas

  • Physics and Astronomy(all)

Cite this

Failure factors in non-life insurance companies in United Kingdom. / Samsudin, Humaida Banu.

AIP Conference Proceedings. Vol. 1522 2013. p. 1132-1137.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Samsudin, HB 2013, Failure factors in non-life insurance companies in United Kingdom. in AIP Conference Proceedings. vol. 1522, pp. 1132-1137, 20th National Symposium on Mathematical Sciences - Research in Mathematical Sciences: A Catalyst for Creativity and Innovation, SKSM 2012, Putrajaya, 18/12/12. https://doi.org/10.1063/1.4801258
Samsudin, Humaida Banu. / Failure factors in non-life insurance companies in United Kingdom. AIP Conference Proceedings. Vol. 1522 2013. pp. 1132-1137
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