| The impact of war on insurer safety: a contingent claim model analysis | |
|---|---|
| 學年 | 112 |
| 學期 | 1 |
| 出版（發表）日期 | 2023-10-06 |
| 作品名稱 | The impact of war on insurer safety: a contingent claim model analysis |
| 作品名稱（其他語言） | |
| 著者 | Fu-Wei Huang ; Panpan Lin; Jyh-Horng Lin ; Ching-Hui Chang |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Humanities and Social Sciences Communications 10, 655 |
| 摘要 | Determining the optimal guaranteed rate of life insurance policies can effectively promote sustainable societies and disaster-resilient communities in times of war. Nevertheless, such strategic coverage remains uncommon in many countries. This article presents a capped-down-and-out call option model to assess life insurers’ safety during conflicts. Wars may lead to reduced life insurance businesses due to lower guaranteed rates set by insurers, yet they can also improve insurer safety within an imperfectly competitive insurance market. By increasing the surrender rate of the policy associated with reducing the optimal guarantee rate, the insurer’s security is improved, thereby contributing to the stability of the overall insurance. Our findings suggest setting guaranteed rates is critical to asset-liability matching management, especially in wartime, to maintain insurance stability. |
| 關鍵字 | War;Capped down-and-out call;Insurer safety;Policy surrender |
| 語言 | en |
| ISSN | 2662-9992 |
| 期刊性質 | 國外 |
| 收錄於 | A&HCI Scopus |
| 產學合作 | |
| 通訊作者 | Lin, Jyh-horng |
| 審稿制度 | 是 |
| 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/987654321/124635 ) |
| SDGS | 良好健康和福祉,尊嚴就業與經濟發展 |
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