Wiley-Blackwell: Risk Management & Insurance Review最新文献

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What are the Characteristics that Explain Hospital Quality? A Longitudinal Pridit Approach 医院质量的特点是什么?纵向评价方法
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2014-03-01 DOI: 10.1111/rmir.12017
Robert D. Lieberthal, D. Comer
{"title":"What are the Characteristics that Explain Hospital Quality? A Longitudinal Pridit Approach","authors":"Robert D. Lieberthal, D. Comer","doi":"10.1111/rmir.12017","DOIUrl":"https://doi.org/10.1111/rmir.12017","url":null,"abstract":"Health outcomes vary substantially between high- and low-quality institutions, meaning the difference between life and death in some cases. The prior literature has identified a number of variables that can be used to determine hospital quality, but methodologies for combining variables into an overall measure of hospital quality are not well developed. This analysis builds on the prior investigation of hospital quality by evaluating a method originally developed for the detection of health-care fraud, Pridit, in the context of determining hospital quality. We developed a theoretical model to justify the application of Pridit to the hospital quality setting and then applied the Pridit method to a national, multiyear data set on U.S. hospital quality variables and outcomes. The results demonstrate how the Pridit method can be used predictively, in order to predict future health outcomes based on currently available quality measures. These results inform the use of Pridit, and other unsupervised learning methods, in fraud detection and other settings where valid and reliable outcomes variables are difficult to obtain. The empirical results obtained in this study may also be of use to health insurers and policymakers who aim to improve quality in the hospital setting.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125054041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Actuarial Science Summer Program for Women and Minorities 妇女和少数族裔精算科学暑期课程
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2013-09-01 DOI: 10.1111/RMIR.12013
L. Gardner, C. Santos, Toby A. White
{"title":"Actuarial Science Summer Program for Women and Minorities","authors":"L. Gardner, C. Santos, Toby A. White","doi":"10.1111/RMIR.12013","DOIUrl":"https://doi.org/10.1111/RMIR.12013","url":null,"abstract":"Drake University offered a 5‐day program focusing on the recruitment of women and minorities into actuarial science studies. A few universities offer actuarial science summer camps targeting high school students. Participants in this camp, however, came exclusively from community colleges. In this article, we provide an overview of the camp's activities, structure, and outcomes. We present a longitudinal analysis of student feedback, reflecting results from one survey administered before the camp began and another distributed very near the camp's end. Our results indicate the camp succeeded on many counts.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114847532","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Understanding the Shift in Demand for Cash Value Life Insurance 了解现金价值人寿保险需求的转变
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2013-08-15 DOI: 10.1111/rmir.12031
Barry S. Mulholland, Michael S. Finke, Sandra J. Huston
{"title":"Understanding the Shift in Demand for Cash Value Life Insurance","authors":"Barry S. Mulholland, Michael S. Finke, Sandra J. Huston","doi":"10.1111/rmir.12031","DOIUrl":"https://doi.org/10.1111/rmir.12031","url":null,"abstract":"Life insurance is a tool that households use to hedge against the uncertainty of labor income flows over the life cycle and to meet bequest motives. While overall demand for life insurance continues a 50-year downward trend, term life insurance has gained in popularity over cash value insurance in the last 18 years. The popular press and some literature about life insurance demand suggest the change in demand is mainly driven by changing demographics, shifting life insurance marketing efforts, and changes in timing of family formation. This paper attempts to identify exogenous factors influencing the demand for cash value life insurance beyond the demographic factors and changing marketing efforts. Using the 1992 through 2010 SCFs and logistic regression, we find that the introduction of tax-advantaged retirement and education savings plans in the late 1990s is reducing the need for cash value life insurance. We find increased demand for cash value life insurance for households vulnerable to estate taxes after 2001 despite increased estate tax exemptions. We also find evidence that more highly financially sophisticated households are more likely to own the more sophisticated cash value life insurance products.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"23 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123661343","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Probability Updating and the Market for Directors’ and Officers’ Insurance 概率更新与董事、高级职员保险市场
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2012-03-01 DOI: 10.1111/rmir.12029
Jill Bisco, Kathleen A. McCullough
{"title":"Probability Updating and the Market for Directors’ and Officers’ Insurance","authors":"Jill Bisco, Kathleen A. McCullough","doi":"10.1111/rmir.12029","DOIUrl":"https://doi.org/10.1111/rmir.12029","url":null,"abstract":"There is concern among insurers and related firms in the United States and abroad that there will be a shortage of skilled insurance professionals in the next few years as current workers retire. Though there have been discussions among insurers, organizations, and academics as to how to address this issue, until recently, each group has been primarily working in isolation. The Insurance Education & Career Summit, which took place in September 2011, brought together 110 individuals across these groups for the purpose of creating a unified strategy to both attract and retain skilled workers to the insurance industry and work to create the next generation of insurance executives. This article provides a brief background on the talent gap issue. We also discuss its potential impact on the insurance industry. Finally, we summarize the main obstacles identified by Summit participants to both attracting and retaining skilled workers as well as the strategies developed to overcome these obstacles.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125464987","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
An Analysis of Contingent Commission Use by Property–Liability Insurers 财产责任保险公司或有佣金使用分析
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2011-09-01 DOI: 10.1111/j.1540-6296.2011.01197.x
L. Colquitt, Kathleen A. McCullough, David W. Sommer
{"title":"An Analysis of Contingent Commission Use by Property–Liability Insurers","authors":"L. Colquitt, Kathleen A. McCullough, David W. Sommer","doi":"10.1111/j.1540-6296.2011.01197.x","DOIUrl":"https://doi.org/10.1111/j.1540-6296.2011.01197.x","url":null,"abstract":"The payment of contingent commissions in the property–liability insurance industry has long been commonplace, but recent events have made the practice highly controversial. Even prior to these events, wide variation existed among insurers in their use of contingent commissions. In this article, we examine the determinants of whether or not an insurer chooses to pay contingent commissions at all, as well as the determinants of the extent of their use for those insurers that pay them. We find a number of variables that have a significant relation to the use and extent of use of contingent commissions.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133582138","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Tax Incentives and Household Investment in Complementary Pension Insurance: Some Recent Evidence from the Italian Experience 税收优惠与补充养老保险的家庭投资:来自意大利经验的一些最新证据
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2011-09-01 DOI: 10.1111/j.1540-6296.2011.01198.x
Immacolata Marino, F. Pericoli, L. Ventura
{"title":"Tax Incentives and Household Investment in Complementary Pension Insurance: Some Recent Evidence from the Italian Experience","authors":"Immacolata Marino, F. Pericoli, L. Ventura","doi":"10.1111/j.1540-6296.2011.01198.x","DOIUrl":"https://doi.org/10.1111/j.1540-6296.2011.01198.x","url":null,"abstract":"We show, by a simple difference-in-difference methodology that, contrary to prior research, robustly raising the deductibility limit associated to pension fund holdings in Italy did not succeed in boosting households’ contributions to this form of savings. Some other empirical finding also suggest that this policy measure may have not even increased the average amount of first time contributors to such funds. In view of the specific features of the Italian market for complementary insurance (relatively young and less developed), these empirical results might be of interest to policymakers acting in countries with similar features (for instance, some of the more recent EU members).","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116480814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Using Technology to Encourage Critical Thinking and Optimal Decision Making in Risk Management Education 在风险管理教育中运用科技鼓励批判性思维和最佳决策
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2011-09-01 DOI: 10.1111/j.1540-6296.2011.01200.x
John Garvey, P. Buckley
{"title":"Using Technology to Encourage Critical Thinking and Optimal Decision Making in Risk Management Education","authors":"John Garvey, P. Buckley","doi":"10.1111/j.1540-6296.2011.01200.x","DOIUrl":"https://doi.org/10.1111/j.1540-6296.2011.01200.x","url":null,"abstract":"This article draws a link between the risk management failures in the financial services industry and the educational philosophy and teaching constraints at business schools. An innovative application of prediction market technology within business education is proposed as a method that can be used to encourage students to think about risk in an open and flexible way. This article explains how prediction markets also provide students with the necessary experience to critically evaluate and stress‐test quantitative risk modeling techniques later in their academic and professional careers.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134232550","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Component Structure of Credit Default Swap Spreads and Their Determinants 信用违约互换价差的组成结构及其决定因素
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2008-09-04 DOI: 10.2139/ssrn.3082634
R. Bhar, David B. Colwell, Peipei Wang
{"title":"Component Structure of Credit Default Swap Spreads and Their Determinants","authors":"R. Bhar, David B. Colwell, Peipei Wang","doi":"10.2139/ssrn.3082634","DOIUrl":"https://doi.org/10.2139/ssrn.3082634","url":null,"abstract":"In this paper, we decompose credit default swap (CDS) spreads into a transitory component and a persistent component and test how these components are affected by the theoretical explanatory variables. We find significant but differing impacts of these explanatory variables on the extracted components. For example, equity volatility seems to have a larger influence on the transitory component, suggesting that its effect may be mostly short-lived, while our proxy for illiquidity has a greater impact on the persistent component indicating its more enduring effect. Also, the slope of the yield curve has impacts with opposite signs on the two components and so our analysis thus helps address the conflicting results reported in earlier studies without such a component framework. These results indicate that a two-factor formulation may be needed to model CDS options.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131145615","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Loss Modeling Using Spreadsheet‐Based Simulation 使用电子表格模拟损失模型
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2007-09-01 DOI: 10.1111/j.1540-6296.2007.00119.x
D. C. Joaquin
{"title":"Loss Modeling Using Spreadsheet‐Based Simulation","authors":"D. C. Joaquin","doi":"10.1111/j.1540-6296.2007.00119.x","DOIUrl":"https://doi.org/10.1111/j.1540-6296.2007.00119.x","url":null,"abstract":"With the dramatic increase in the speed of personal computers and steep decline in the cost of computing, simulation has become one of the standard tools in the risk manager's toolbox and should now become one of the standard tools in the risk management and insurance student's toolbox. This teaching note aims to facilitate this process by showing how to create and run a simulation in a spreadsheet environment, and interpret simulation results to gain insight and understanding about a real‐world problem. Specifically, this teaching note provides step‐by‐step instruction for simulating the present value of payments for losses occurring within a 1‐year policy period. Losses are covered by an aggregate excess of loss treaty. The uncertainty lies in the frequency and severity of losses as well as in claim processing time, and also in the discount rate for calculating the present value of loss payments.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130790258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
An Examination of Alternative Approaches to Risk Management and Insurance Research 风险管理和保险研究的替代方法的检验
Wiley-Blackwell: Risk Management & Insurance Review Pub Date : 2006-03-01 DOI: 10.1111/j.1540-6296.2006.00085.x
M. Dorfman, Steven C. Tippins
{"title":"An Examination of Alternative Approaches to Risk Management and Insurance Research","authors":"M. Dorfman, Steven C. Tippins","doi":"10.1111/j.1540-6296.2006.00085.x","DOIUrl":"https://doi.org/10.1111/j.1540-6296.2006.00085.x","url":null,"abstract":"Much current risk management and insurance research follows a pattern prescribed by the science paradigm. This article discusses some well-recognized problems associated with the science paradigm, and then presents several alternatives that can supplement the science paradigm, thereby broadening and deepening the scope of risk management and insurance research and education.","PeriodicalId":192218,"journal":{"name":"Wiley-Blackwell: Risk Management & Insurance Review","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132946032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
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