Life insurer performance under the bailout of distressed asset purchases
學年 108
學期 2
出版（發表）日期 2020-04-20
作品名稱 Life insurer performance under the bailout of distressed asset purchases
作品名稱（其他語言）
著者 Xuelian Li; Jianming Dong; Jyh-Horng Lin
單位
出版者
著錄名稱、卷期、頁數 Applied Economics 52(19), p.2063-2078
摘要 The paper develops a structure-break contingent claim model to examine how government bailout affects a life insurer’s performance (policyholder protection and insurer survival). The distressed assets purchased by the government enhance the optimal insurer interest margin, and policyholder protection. Bailout as such helps the life insurer, implying a higher likelihood of survival in particular when a financial crisis deteriorates seriously, thereby contributing to the stability of the insurance system. In addition, we suggest that low participation of the profit-sharing policy increases insurer survival. This strategic participation effect becomes more significant when the economic state of structural break volatility is increased, and thus, enhancing insurer survival and solving financial problems.
關鍵字 Profit-sharing life insurance policy;government purchases of distressed assets;structural break;performance
語言 en
ISSN 1667-6726
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 JYH-HORNG, LIN
審稿制度 否
國別 GBR
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/118644 )

SDGS 良好健康和福祉,尊嚴就業與經濟發展,負責任的消費與生產,夥伴關係