Feasibility of Long-Term Interest Balance among Stakeholders in the Natural Catastrophe Insurance Market

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<dc:creator>Zhang, Ning </dc:creator>
<dc:creator>Wu, Yang-Che</dc:creator>
<dc:creator>Yang, Wan-Shiou</dc:creator>
<dc:date>2021-01-06</dc:date>
<dc:description xml:lang="es">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.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/176733.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Mercado de seguros</dc:subject>
<dc:subject xml:lang="es">Seguro de riesgos extraordinarios</dc:subject>
<dc:subject xml:lang="es">Catástrofes naturales</dc:subject>
<dc:subject xml:lang="es">Asegurados</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Feasibility of Long-Term Interest Balance among Stakeholders in the Natural Catastrophe Insurance Market</dc:title>
<dc:relation xml:lang="es">En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 01/06/2021 Tomo 25 Número 2 - 2021 , p. 163-185</dc:relation>
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