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Feasibility of Long-Term Interest Balance among Stakeholders in the Natural Catastrophe Insurance Market
Recurso electrónico / Electronic resource
MAP20210024368
Zhang, Ning ‌
Feasibility of Long-Term Interest Balance among Stakeholders in the Natural Catastrophe Insurance Market / Ning Zhang, Yang-Che Wu, Wan-Shiou Yang
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
En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 01/06/2021 Tomo 25 Número 2 - 2021 , p. 163-185
1. Mercado de seguros ‌. 2. Seguro de riesgos extraordinarios ‌. 3. Catástrofes naturales ‌. 4. Asegurados ‌. I. Wu, Yang-Che ‌. II. Yang, Wan-Shiou ‌. III. Título.