| Actuaries Switching and Reserve Error in the U.S. Property Casualty Insurance Industry | |
|---|---|
| 學年 | 103 |
| 學期 | 1 |
| 發表日期 | 2014-12-13 |
| 作品名稱 | Actuaries Switching and Reserve Error 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 | 2014台灣風險與保險學會年會暨國際學術研討會 |
| 會議地點 | 台中市, 台灣 |
| 摘要 | This paper aims to examine the U.S. property casualty insurer’s loss reserve error in relation to actuaries switching. The results of this paper show that property casualty insurance companies with under-estimated (or over-estimated) reserve error in the previous year are not significantly to switch their actuaries while controlling for organizational structure and corporate governance. The evidence also shows that there is not significant changes in loss reserve error behavior between external (Big 6) and internal (non-Big 6) actuaries switching. We find that stock insurers are more likely to switch their actuaries than mutual insurers. Large Insurers are less likely to switch their actuaries. Insurers with weak financial condition are also less likely to switch their actuaries. We next examine the impact of actuaries switching on future reserve error. We find insurers are less likely to under-estimated reserve error after actuaries switching. In addition, after actuaries switching, stock insurers are more likely to under-estimated reserve error than mutual insurers. Examination of the impact of the Sarbanes-Oxley Act (SOX) on reserve error indicates that insurers are more likely to switch actuaries after SOX. After SOX, insurers with actuaries switching are less likely to under-estimated reserve error and more likely to over-estimated reserve error. The overall results show that reserve error in the previous year does not affect actuaries switching but actuaries switching have impact on insurers’ reserve error in the next year. |
| 關鍵字 | Actuaries Switching; Reserve Error |
| 語言 | en_US |
| 收錄於 | |
| 會議性質 | 國際 |
| 校內研討會地點 | |
| 研討會時間 | 20141213~20141213 |
| 通訊作者 | 何佳玲 |
| 國別 | TWN |
| 公開徵稿 | Y |
| 出版型式 | 電子版 |
| 出處 | |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/101099 ) |
| SDGS | 優質教育 |
GoogleAnalytics