教師資料查詢 | 類別: 期刊論文 | 教師: 聶建中 NIEH, CHIEN-CHUNG (瀏覽個人網頁)

標題:Against Marine Risk: Margins Determination of Ocean Marine Insurance
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
語言英文(美國)
ISSN1023-2796
期刊性質國內
收錄於
產學合作
通訊作者
審稿制度
國別中華民國
公開徵稿
出版型式,紙本
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