13th Students’ Research Symposium 2023/2024
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/29096
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Item The Determinants of the Demand for Fire Reinsurance in Sri Lankan General Insurance Market(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka., 2025) Fernando, P. Y. I.; Sudasinghe, S. L.Introduction: The assistance of an emphasis on financial indicators including return on total assets, growth in gross written premiums, underwriting risk, solvency margin, and financial leverage reinsurance ratio, this study examines the factors that influence the demand for fire reinsurance in the Sri Lankan general insurance market. Methodology: The general insurance market in Sri Lanka was the study's target audience. All secondary data used in this study comes from the annual reports of general insurance companies and the IRCSL between 2015 and 2022. The study employs a quantitative research approach with deductive research logic. Statistical tests like descriptive statistics, diagnostic tests like correlation, heteroscedasticity, serial autocorrelation, cross-sectional dependence, and regression analysis were among the statistical tests performed on the data using STATA software. Findings: The findings of the study highlighted that return on total assets, growth of gross written premium, and solvency margin are the key determinants of the demand for fire reinsurance in the Sri Lankan general insurance market. Financial leverage and underwriting risk have an insignificant relationship with the demand for reinsurance in the fire sector. Conclusions: The study comes to the conclusion that maximizing reinsurance methods and structure for Sri Lankan general insurance companies requires careful management of return on total assets, growth of gross written premiums, and the maintenance of strong solvency margins.Item The Determinants of the Demand for Motor Reinsurance in Sri Lankan General Insurance Market(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka., 2025) Hettiarachchi, C. K.; Sudasinghe, S. L.Introduction: This study investigates the determinants of the demand for motor reinsurance in the Sri Lankan General Insurance market, focusing on financial indicators such as return on total assets, growth of gross written premiums, underwriting risk, solvency margin, financial leverage, and reinsurance ratio. The purpose of this study is to identify what are the factors affecting the demand for motor reinsurance in the Sri Lankan General Insurance market. Methodology: The target population of this study was the Sri Lankan General Insurance market. The study applies the quantitative research approach with deductive research logic, and all the secondary data are taken from the annual reports of the General Insurance companies and the IRCSL from 2015 to 2022. Data analyzed by using STATA software, which included statistical tests such as descriptive statistics, diagnostic tests including correlation testing, heteroscedasticity testing, serial autocorrelation testing, cross-sectional dependency, and regression analysis. Findings: The findings of the study highlighted that underwriting risk and solvency margin are the key determinants of the demand for motor reinsurance in the Sri Lankan General Insurance market. Higher underwriting risk drives insurers to cede more risks to reinsurers, supporting the risk-bearing hypothesis. Conversely, companies with stronger solvency margins tend to retain more risks. Conclusions: The study concludes that managing underwriting risk and maintaining robust solvency margins are critical for optimizing reinsurance strategies and structure for the Sri Lankan General Insurance companies.