Assessing insurer guarantee cover and risk retention toward SDG 3: a structure-break downand-out call valuation.
學年 113
學期 1
出版（發表）日期 2024-10-04
作品名稱 Assessing insurer guarantee cover and risk retention toward SDG 3: a structure-break downand-out call valuation.
作品名稱（其他語言）
著者 Xuelian Li; Shiu-Chieh Chiu; Jyh-Horng Lin; Yuxin Xie
單位
出版者
著錄名稱、卷期、頁數 Humanit Soc Sci Commun 11, 1332.
摘要 The paper develops a down-and-out call option to evaluate the equity of a life insurer. The COVID-19 pandemic challenges captured by the premature feature of the down-and-out call option are also identified as structural breaks incorporated into the contingent claim option. Hedging, shown by the guarantee cover ratio, reflects the insurer’s ability to meet policy commitments. Reinsurance, indicated by the risk retention ratio, distributes insurance risk between the insurer and reinsurer. The insurer engages in those practices aligned with Sustainable Development Goal 3 (SDG 3: good health and well-being). The main findings are as follows. The COVID-19 pandemic harms policyholder protection and deviates from SDG 3 due to financial instability. However, strategic hedging, reinsurance, and government capital injections enhance policy assurances, achieving SDG 3 by increasing payments to policyholders and improving financial stability. Moreover, the risk retention ratio increases during severe COVID-19 periods but decreases with more government capital injections, which can substitute for risk retention. Policy implications suggest that policymakers can mitigate crisis impacts on insurer capacity to fulfill commitments, thereby enhancing life insurance stability and well-being aligned with SDG 3.
關鍵字
語言 en
ISSN 2662-9992
期刊性質 國外
收錄於 A&HCI
產學合作
通訊作者 Lin, J.H.
審稿制度 是
國別 GBR
公開徵稿
出版型式 ,電子版
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機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/126367 )

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