Risk Disclosures in UK insurance companies' annual reportsTools ZHANG, SHAODI (2011) Risk Disclosures in UK insurance companies' annual reports. [Dissertation (University of Nottingham only)] (Unpublished)
AbstractThe 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.
Actions (Archive Staff Only)
|
Tools
Tools
![[thumbnail of SHAODI_ZHANG_DISSERTATION_MScRISKMANAGEMENT.pdf]](https://eprints.nottingham.ac.uk/style/images/fileicons/application_pdf.png "SHAODI_ZHANG_DISSERTATION_MScRISKMANAGEMENT.pdf")
