Risk Disclosures in UK insurance companies' annual reports

ZHANG, SHAODI (2011) Risk Disclosures in UK insurance companies' annual reports. [Dissertation (University of Nottingham only)] (Unpublished)

[img] PDF - Registered users only - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (1MB)

Abstract

The topic of risk disclosure reporting has drawn considerable academic and regulatory attention is the past decade. Among these, Solvency II Pillar 3 disclosure requirements for insurance industry will be issued in 2012. This study explores risk disclosure within a sample of ten UK insurance companies’ annual reports using content analysis. Based on positive accounting theory, hypotheses are developed to investigate the relationship between the extent of risk disclosure and insurance companies’ characteristics such as size, risk, profitability and type of insurance business. The study also discusses the nature of the risk disclosure by sample insurers specifically investigate their time orientation. Finally, size effect on the level of risk appetite information disclosure is examined. Overall, the results show that the level of risk disclosure increases significantly in the past five years, although there is a huge variation in reporting performance among sample insurers. It should also be noted that there is a lack of coherence in risk information reporting for observations and consequently stakeholders are unable to sufficiently examine the risk profile of the companies.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 26 Apr 2012 10:29
Last Modified: 01 Nov 2016 19:19
URI: http://eprints.nottingham.ac.uk/id/eprint/25169

Actions (Archive Staff Only)

Edit View Edit View