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題名 Demutualization and Demand for Reinsurance
作者 王儷玲;Vincent Y. Chang;賴志仁;曾郁仁
Chen,Lih-Ru; Peng,Jin-Lung; Jennifer L. Wang
貢獻者 風管系
日期 2008-08
上傳時間 6-十月-2010 10:40:49 (UTC+8)
摘要 This study investigates whether U.S. property-liability insurers change their demand for reinsurance after demutualization. We find that converting insurers decrease the demand for reinsurance from non-affiliated reinsurers, but increase the demand for reinsurance from affiliated reinsurers after the conversion. One possible explanation is that converting insurers may treat reinsurance to affiliated reinsurers as risk retention rather than risk transfer so that they can reduce reinsurance cost. Our empirical results show that the overall demand for reinsurance of converting insurers is not statistically different after the conversion. One other interesting finding is that converting insurers increase demand for reinsurance from non-affiliated reinsurers before conversion.
關聯 The Geneva Papes on Risk and Insurance:Issues and Practice, 33, 566-584
資料類型 article
dc.contributor 風管系en_US
dc.creator (作者) 王儷玲;Vincent Y. Chang;賴志仁;曾郁仁zh_TW
dc.creator (作者) Chen,Lih-Ru; Peng,Jin-Lung; Jennifer L. Wang-
dc.date (日期) 2008-08en_US
dc.date.accessioned 6-十月-2010 10:40:49 (UTC+8)-
dc.date.available 6-十月-2010 10:40:49 (UTC+8)-
dc.date.issued (上傳時間) 6-十月-2010 10:40:49 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/45785-
dc.description.abstract (摘要) This study investigates whether U.S. property-liability insurers change their demand for reinsurance after demutualization. We find that converting insurers decrease the demand for reinsurance from non-affiliated reinsurers, but increase the demand for reinsurance from affiliated reinsurers after the conversion. One possible explanation is that converting insurers may treat reinsurance to affiliated reinsurers as risk retention rather than risk transfer so that they can reduce reinsurance cost. Our empirical results show that the overall demand for reinsurance of converting insurers is not statistically different after the conversion. One other interesting finding is that converting insurers increase demand for reinsurance from non-affiliated reinsurers before conversion.-
dc.language.iso en_US-
dc.relation (關聯) The Geneva Papes on Risk and Insurance:Issues and Practice, 33, 566-584en_US
dc.title (題名) Demutualization and Demand for Reinsuranceen_US
dc.type (資料類型) articleen