Could we rely on credit swap hedging as a substitute for insurer blockchain technology involvement?

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Title:	Could we rely on credit swap hedging as a substitute for insurer blockchain technology involvement?
Authors:	Xuelian Li;Panpan Lin;Jyh-Horng Lin
Keywords:	Credit swap hedging;Technology efficiency;Blockchain technology;Life insurance policy
Date:	2022-07
Issue Date:	2022-02-23 12:11:27 (UTC+8)
Publisher:	International Review of Economics and Finance
Abstract:	Could we rely on credit swap hedging as a substitute for insurer blockchain technology involvement? This paper is to develop a two-stage contingent claim model to answer the question. We have three main results. First, blockchain helps the policyholder protection when blockchain involvement is relatively large-scale, helps the insurer’s survival probability when blockchain involvement is relatively small-scale, and also helps enable greater efficiency. Second, credit swap hedging adversely affects the policyholder protection, and leads to increase a higher likelihood of insurer survival. The life insurance company could regard credit swap hedging as a strategic substitute for blockchain involvement. Third, capital regulation makes the insurer more prone to blockchain involvement, thereby accelerating the transformation of the insurance system.
Relation:	International Review of Economics & Finance 80, p.266-281
DOI:	10.1016/j.iref.2022.02.023
Appears in Collections:	[Graduate Institute & Department of International Business] Journal Article

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