The impact of war on insurer safety: a contingent claim model analysis

淡江大學機構典藏 > 商管學院 > 國際企業學系暨研究所 > 期刊論文 > Item 987654321/124635

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題名:	The impact of war on insurer safety: a contingent claim model analysis
作者:	Lin, Jyh-horng
關鍵詞:	War;Capped down-and-out call;Insurer safety;Policy surrender
日期:	2023-10-06
上傳時間:	2023-10-16 12:05:17 (UTC+8)
出版者:	Humanities and Social Sciences Communications
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.
關聯:	Humanities and Social Sciences Communications 10,　655
DOI:	10.1057/s41599-023-02191-y
顯示於類別:	[國際企業學系暨研究所] 期刊論文

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