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Journal of Risk and Insurance最新文献

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On the efficiency of insurance institutions under interdependent risks 论相互依存风险下保险机构的效率
IF 2.1 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-06-25 DOI: 10.1111/jori.12484
S. Hun Seog
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引用次数: 0
Does inequality impede risk management? Evidence from a lab experiment in Ghana 不平等会阻碍风险管理吗？来自加纳实验室实验的证据
IF 2.1 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-06-10 DOI: 10.1111/jori.12480
Richard A. Gallenstein
{"title":"Does inequality impede risk management? Evidence from a lab experiment in Ghana","authors":"Richard A. Gallenstein","doi":"10.1111/jori.12480","DOIUrl":"10.1111/jori.12480","url":null,"abstract":"<p>Low income households in agrarian developing economies face considerable livelihood risks, which have negative impacts on welfare. A growing literature focuses on internal constraints on development, which can negatively affect saving and investment behavior. Here I propose that internal constraints may also hinder risk management. Specifically, I present a theoretical model that explores how fairness preferences may create an internal constraint on risk sharing, particularly in a context of wealth inequality, and thereby also affect demand for formal insurance. To test this theory, I utilize a lab experiment, conducted in Ghana, to investigate the impact of wealth inequality on utilization of risk-management tools, interpersonal risk sharing and formal insurance, and explore how fairness preferences may mediate this effect. I find that inequality reduces risk sharing and increases demand for insurance. Moreover, I find suggestive evidence that fairness preferences create an internal constraint on risk sharing under inequality.</p>","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"91 3","pages":"499-528"},"PeriodicalIF":2.1,"publicationDate":"2024-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141360541","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
ARIA 2024 Annual Meeting ARIA 2024 年会
IF 1.9 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-05-31 DOI: 10.1111/jori.12482
{"title":"ARIA 2024 Annual Meeting","authors":"","doi":"10.1111/jori.12482","DOIUrl":"https://doi.org/10.1111/jori.12482","url":null,"abstract":"","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"91 2","pages":"491"},"PeriodicalIF":1.9,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jori.12482","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141187535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Data Policy 数据政策
IF 1.9 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-05-31 DOI: 10.1111/jori.12483
{"title":"Data Policy","authors":"","doi":"10.1111/jori.12483","DOIUrl":"https://doi.org/10.1111/jori.12483","url":null,"abstract":"","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"91 2","pages":"493-494"},"PeriodicalIF":1.9,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jori.12483","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141187536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Issue Information: Journal of Risk and Insurance 2/2024 发行信息：风险与保险》杂志 2/2024
IF 1.9 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-05-31 DOI: 10.1111/jori.12479
{"title":"Issue Information: Journal of Risk and Insurance 2/2024","authors":"","doi":"10.1111/jori.12479","DOIUrl":"https://doi.org/10.1111/jori.12479","url":null,"abstract":"","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"91 2","pages":"251-253"},"PeriodicalIF":1.9,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jori.12479","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141187537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Membership Benefits 会员福利
IF 1.9 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-05-31 DOI: 10.1111/jori.12481
{"title":"Membership Benefits","authors":"","doi":"10.1111/jori.12481","DOIUrl":"https://doi.org/10.1111/jori.12481","url":null,"abstract":"","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"91 2","pages":"489"},"PeriodicalIF":1.9,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jori.12481","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141187526","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Special issue on climate change and natural disasters 气候变化与自然灾害特刊
IF 1.9 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-05-29 DOI: 10.1111/jori.12474
Alejandro H. Drexler, Ralf Meisenzahl
{"title":"Special issue on climate change and natural disasters","authors":"Alejandro H. Drexler,&nbsp;Ralf Meisenzahl","doi":"10.1111/jori.12474","DOIUrl":"https://doi.org/10.1111/jori.12474","url":null,"abstract":"","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"91 2","pages":"255-261"},"PeriodicalIF":1.9,"publicationDate":"2024-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141187655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Insurers' climate change risk management quality and natural disasters 保险公司的气候变化风险管理质量与自然灾害
IF 1.9 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-05-28 DOI: 10.1111/jori.12472
Thomas R. Berry-Stölzle, Simon Fritzsch, Philipp Scharner, Gregor Weiß
{"title":"Insurers' climate change risk management quality and natural disasters","authors":"Thomas R. Berry-Stölzle,&nbsp;Simon Fritzsch,&nbsp;Philipp Scharner,&nbsp;Gregor Weiß","doi":"10.1111/jori.12472","DOIUrl":"https://doi.org/10.1111/jori.12472","url":null,"abstract":"<p>We perform a textual analysis of insurers' climate risk disclosures and construct a climate change risk management quality index. Our index captures to what extent insurers identify, manage, and adjust their business model to climate change risk. We find that natural disasters in an insurer's home state lead to an increase in climate change risk management quality. The effect of natural disasters in an insurer's geographic markets on climate change risk management seems to be less pronounced. Overall, these results are consistent with salience theories of choice.</p>","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"91 2","pages":"263-298"},"PeriodicalIF":1.9,"publicationDate":"2024-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jori.12472","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141187555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Annuity puzzle: Evidence from a Swiss pension fund 年金之谜：来自瑞士养老基金的证据
IF 2.1 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-05-22 DOI: 10.1111/jori.12473
Piera Bello, Agar Brugiavini, Vincenzo Galasso
{"title":"Annuity puzzle: Evidence from a Swiss pension fund","authors":"Piera Bello,&nbsp;Agar Brugiavini,&nbsp;Vincenzo Galasso","doi":"10.1111/jori.12473","DOIUrl":"10.1111/jori.12473","url":null,"abstract":"<p>We analyze individual annuitization decisions at retirement in an environment with mandatory participation in a funded pension pillar and low average annuity price. Using administrative data from a large Swiss insurance company over the period 2011–2015, we document that, even in this favorable environment, only 42.7% of the retirees fully annuitize, against 45% taking full lump sum. We show that individual annuitization decisions strongly respond to financial incentives, measured by the Money Worth Ratio, and to the tax rates on annuity and lump-sum payments. Lump-sum payments are more common among French- and Italian-speaking individuals. Using Survey of Health, Ageing and Retirement in Europe data, we show that French- and Italian-speaking Swiss are more likely to leave inheritance—thus suggesting that preferences for bequests may affect annuitization decisions. Finally, we provide evidence of asymmetric information, using the unused observable test, to show that individuals living in high mortality municipalities are less likely to annuitize and more likely to cash out their pension wealth.</p>","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"91 3","pages":"653-696"},"PeriodicalIF":2.1,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141112924","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The market for model laws: The diffusion of NAIC model laws 示范法市场：全美保险协会示范法的传播
IF 1.9 3区 经济学
Journal of Risk and Insurance Pub Date : 2024-05-04 DOI: 10.1111/jori.12471
Charlotte S. Alexander, Martin F. Grace, Jingshu Luo
{"title":"The market for model laws: The diffusion of NAIC model laws","authors":"Charlotte S. Alexander, Martin F. Grace, Jingshu Luo","doi":"10.1111/jori.12471","DOIUrl":"https://doi.org/10.1111/jori.12471","url":null,"abstract":"The National Association of Insurance Commissioners (NAIC) issues model laws to promote uniformity in the US state‐based insurance regulatory system. In this paper, we study the diffusion of 197 NAIC model laws, examining the adoption patterns and influencing factors. Employing a network algorithm, we uncover the underlying network over which model laws spread. The NAIC plays a central role in this network, and its influence increases over time. Additionally, we explore factors affecting states' model law adoptions from three perspectives: the laws' attributes, the states' internal characteristics, and external influences. We find that a law's attributes play a key role. Model laws characterized by low complexity, distinct from existing state laws, mandated for accreditation compliance, and recently amended are more likely to be adopted. While we do not find significant impacts of various state‐internal characteristics, our results reveal that states follow geographic and ideological neighbors in adopting model laws.","PeriodicalId":51440,"journal":{"name":"Journal of Risk and Insurance","volume":"187 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140837242","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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