I need to support these results by theoretical and empirical Thesis

I need to support these results by theoretical and empirical discussion from the previous break down - Thesis ExampleIn practice also, an empirical study by Professor Michael R. Powers and Martin Shubik seems to suggest that for whatever given nation or region such as the GCC, the positional market should be approximated to be equated to the square-root of the mo of primary insurers in that given active market (Bennaceur and Goaied, 2001). What this also seem to suggest is that the number of primary insurers in an active market is always instrumental to the reinsurance dependence that will bring about total returns, which includes stock returns. Whiles this remains a valid argument, the correspondence between reinsurance dependence and stock returns in GCC insurance companies gouge easily be judged as either being positive or contradict and whether the relationship is significant or insignificant.Looking critically at the GCC as a regional market, it can be realized that the ma jor motive behind ceding companies in their reinsurance bids have had to do with a need to exchange insurance risk for credit risk. Because of this, thither is always much care in ensuring that the reinsurer has an optimistic financial rating. Meanwhile, the chat below shows that as far as the total gross compose premiums of insurance companies for the past 4 years are concerned, there have been significant rise across the entire GCC.What this means is that ceding companies always have enough grounds to bid into reinsurance, knowing that there are favorable financial rating. On the part of the reinsurers however, they would certainly benefit from as much change magnitude stock returns as there are increases in the premiums. This positive relation is however described to be insignificant as this has not led to growth in primary business (Judge, et al, 2000) as the gritrock of the reinsuring trade deals.A well articulated discussion on the relationship that presently exists betwee n assort investment and stock returns in GCC insurance companies could best be outlined if the discussion is taken from the