期刊論文
| 學年 | 94 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2006-03-01 |
| 作品名稱 | Against Marine Risk: Margins Determination of Ocean Marine Insurance |
| 作品名稱（其他語言） | |
| 著者 | 聶建中; Nieh, Chien-chung; Jiang, Shi-jie |
| 單位 | 淡江大學財務金融學系 |
| 出版者 | Springer |
| 著錄名稱、卷期、頁數 | Journal of Marine Science and Technology 14(1), pp.15-24 |
| 摘要 | As the origin of modern insurance, ocean marine insurance exhibits numerous distinctive characteristics compared with the rest of the property/casualty insurances. This paper originally investigates the determination of the underwriting margin of ocean marine insurance, which is the crucial component of the ocean marine insurance price. Focused on industry-wide level, earlier studies ignored the time series characteristics of underwriting margin to utilize conventional regression, or employed time series methods but were limited with the stationary property of variables. Consistent with prior empirical studies despite of whether considerable variables have unit roots, an ARDL approach for underwriting margins in U.S. ocean marine insurance market during the sample period: 1951-2001 demonstrates that the financial pricing hypothesis [3] is the most suitable model. Such results confirm several unique features of ocean marine insurance market and give reasonable explanation of underwriting cycle, which is a familiar fluctuations progress in marine insurance market. |
| 關鍵字 | ocean marine insurance;underwriting margin;underwriting cycle;ARDL cointegration |
| 語言 | en_US |
| ISSN | 1023-2796 |
| 期刊性質 | 國內 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | TWN |
| 公開徵稿 | |
| 出版型式 | ,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/23749 ) |