教師資料查詢 | 類別: 會議論文 | 教師: 何佳玲 HO, CHIA-LING (瀏覽個人網頁)

標題:Loss Reserve Estimating and Actuaries Switching in the U.S. Property Casualty Insurance Industry
學年103
學期2
發表日期2015/05/17
作品名稱Loss Reserve Estimating and Actuaries Switching in the U.S. Property Casualty Insurance Industry
作品名稱(其他語言)
著者何佳玲
作品所屬單位淡江大學保險學系
出版者
會議名稱2015第十二屆兩岸金融市場發展研討會
會議地點淡江大學, 新北市, 台灣
摘要This paper aims to examine the U.S. property casualty insurer’s organizational structure, corporate governance and loss reserve estimating in relation to actuaries switching. The results show that stock insurers are more likely to switch their actuaries than mutual insurers. Insurers with high percentage of long-tail business are also more likely to switch their actuaries. Large and weak financial condition insurers are less likely to switch their actuaries. We find that insurers with under-estimated (over-estimated) reserve error in the previous year are not significantly to switch their actuaries. In terms of corporate governance variables, the evidence shows that insurers with large board size are more likely to switch their actuaries from internal actuary to Big 6 actuarial firms, whereas insurers with CEO/Chairperson duality are more likely to switch their actuaries from Big 6 actuarial firms to internal actuary. We next examine the impact of organizational structure, corporate governance and actuaries switching on reserve error. The evidence shows that insurers tend to have less reserve error after actuaries switching than before. Insurers with CEO/Chairperson duality and high percentage of insider directors on the board are positively related to reserve error post actuaries switching. In addition, stock insurers are more likely to have less reserve error after actuaries switching from internal actuary to Big 6 actuarial firms than stock insurers without actuaries switching. Insurers with CEO/Chairperson duality and large board size are positively and significantly related to reserve error when actuaries switching from Big 6 actuarial firms to internal actuary. We also find that insurers with actuaries switching form internal actuary to Big 6 actuaries are more likely to have less under-estimate reserve error than insurers without actuaries switching. Examination of the impact of the Sarbanes-Oxley Act (SOX) on reserve error indicates that insurers are more likely to switch actuaries after SOX.
關鍵字Organizational Structure; Corporate Governance; Loss Reserve Error; Actuaries Switching; Internal actuary; Big 6 actuarial firms; Sarbanes-Oxley Act
語言英文(美國)
收錄於
會議性質兩岸
校內研討會地點淡水校園
研討會時間20150517~20150517
通訊作者何佳玲
國別中華民國
公開徵稿Y
出版型式紙本
出處
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!