Search
Documentation Center

Feasibility of Long-Term Interest Balance among Stakeholders in the Natural Catastrophe Insurance Market
Recurso electrónico / Electronic resource
Collection: Articles
Title: Feasibility of Long-Term Interest Balance among Stakeholders in the Natural Catastrophe Insurance Market / Ning Zhang, Yang-Che Wu, Wan-Shiou YangAuthor: Zhang, Ning ‌
Notes: Sumario: This study establishes a stakeholder framework in the natural catastrophe insurance market: Insurers charge policyholders the full insurance premium and pay the public catastrophe insurance scheme (PCIS) contributions for the contingent bailout. The government subsidizes policyholders and taxes insurers. Then a series of accounting procedures is developed to illustrate how the stakeholders' cash flows change. A numerical analysis reveals that both the PCIS and the subsidy policy can achieve long-term self-financing under special tax rates, contribution rates, and subsidy conditions. The results show that the short-term inequity of favoring insurers and policyholders can promote balanced long-term interests for all stakeholders.Related records: En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 01/06/2021 Tomo 25 Número 2 - 2021 , p. 163-185Materia / lugar / evento: Mercado de seguros ‌Seguro de riesgos extraordinarios ‌Catástrofes naturales ‌Asegurados ‌Otros autores: Wu, Yang-Che ‌
Yang, Wan-Shiou ‌
Other categories: 328.1
Rights: In Copyright (InC)
‌ See issue detail