A Global Forum

To Deepen Understanding Among Academics, Professionals and Policymakers

 

E-mail: Secretariat@wriec.org

World Risk and Insurance Economics Congress

Concurrent Sessions I

Tuesday, 9 August 2005, 8:30 AM - 10 AM

Tentative as of 5 July 2005

 

Presentation Guideline. Each session room is equipped with an overhead projector and an LCD projector linked to a laptop computer. If you plan to use the LCD projector, bring your presentation on either a USB flash drive or CD-rom so that you can access it using the laptop computer that will be provide in your session room. The computer does not have a floppy disk drive. Please refrain yourself from using your own computer. If you plan to use an overhead projector, bring your transparencies to the room. You may also purchase service from the Sheraton Business Center (open 7 am to 7 pm) or a nearby Kinko's (open 24 hours). For effective use of your presentation time, bring 25 copies of handouts.

 
Session 1A:
Economics of Uncertainty I

Moderator: Michael Sonnenholzner U of Erlangen-Nuernberg

 

Author

Affiliation

Paper Title

Discussant

Affiliation

EGRIE

Minh Phuong Bui

New York U and U of Toulouse

Comparative Prudence and Comparative Temperance

Jim Ligon

U of Alabama

EGRIE

Louis Eeckhoudt, Béatrice Rey, and Harris Schlesinger

U of Alabama and U of Konstanz

Putting Risk in its Proper Place: The Multi-dimensional Case

Christophe Courbage

The Geneva Association

EGRIE

Christian Gollier

U of Toulouse

Optimal Expectations with Complete Markets

Alex Muermann

U of Pennsylvania

 
Session 1B:
Efficiency Analysis I

Moderator: Martin Grace, Georgia State U

 

Author

Affiliation

Paper Title

Discussant

Affiliation

ARIA

B. Paul Choi

Howard U

Foreign-owned Insurers’ Performance in the U.S. Property-Liability Markets

Lingyan Suo

Beijing U

ARIA

David Cummins and Xiaoying Xie

U of Pennsylvania

Is Independent Agency Distribution System More Revenue Efficient: A Data Envelopment Analysis

Martin Grace

Georgia State U

 
Session 1C:
Insurance Economics I

Moderator: Achim Wambach, U of Erlangen-Nuernberg

 

Author

Affiliation

Paper Title

Discussant

Affiliation

EGRIE

Pierre Picard

U Paris X - Nanterre

Costly Risk Verification without Commitment in Competitive Insurance Markets

Neil Doherty

U of Pennsylvania

EGRIE

Henri Loubergé and Richard Watt

Universidad Autonoma de Madrid

The Effect of an Increase in the Probability of Loss When Risk is Endogenous

Marie-Cécile Fagart

Université de Rouen

 
Session 1D
Insurance Empirics I

Moderator: Oliver Burkart, BaFin (Federal Financial Supervisory Authority)

 

Author

Affiliation

Paper Title

Discussant

Affiliation

EGRIE

David Cummins, Yijia Lin, and Rich Phillips

U of Pennsylvania and Georgia State U

An Empirical Investigation of the Pricing of Financially Intermediated Risks with Costly External Finance

Ruediger Reissaus

U of Erlangen-Nuernberg

EGRIE

Jim Barrese, Martin Grace, and Nicos Scordis

St. John's U

Concentration in the U.S. Property-Liability Insurance Industry

Gene Lai

Washington State U

 
Session 1E
Insurance Solvency

Moderator: Steven Pottier, U of Georgia at Athens

 

Author

Affiliation

Paper Title

Discussant

Affiliation

APRIA

Liu Xiaojun and Chen Dan

Central U of Finance and Economics, and Beihang U

An Empirical Study on the Solvency of China's Insurers Basing the Financial Situation of Companies

Thomas Berry-Stölzle

U of Cologne

APRIA

Hunsoo Kim, Soon-Jae Lee, and W. Jean Kwon

Sejong U, SoonChunHyang U, and St. John's U

Choice of Exit Forms and Firm Characteristics: Evidence from the U.S. Property-Liability Insurance Market

Harold Skipper

Georgia State U

ARIA

Thomas Berry-Stölzle

U of Cologne

The Impact of Illiquidity on the Asset Management of Insurance Companies

Steven Pottier

U of Georgia

 
Session 1F:
Life Insurance I

Moderator: Bill Rabel, LOMA (retired)

 

Author

Affiliation

Paper Title

Discussant

Affiliation

APRIA

Zheng Yu

Central U of Finance and Economics

The Focus of Life: Risk Protection or Investment--Evidence from the Empirical Study on the Demand of the Life Insurance in China Emerging Markets

Randy Dumm

Florida State U

APRIA

Alexander Kling, Andreas Richter, and Jochen Russ

Insitut fuer Finanz- und Aktuarwissenschaften and Illinois State U

The Impact of Surplus Distribution on the Risk Exposure of With Profit Life Insurance Policies Including Interest Rate Guarantees

Chenghsien Tsai

National Chengchi U

 
Session 1G:
Pensions I

Moderator: Roland Eisen, Johann Wolfgang Goethe-U Frankfurt

 

Author

Affiliation

Paper Title

Discussant

Affiliation

ARIA

Marie-Eve Lachance

San Diego State U

Helping Workers Delay Retirement: Is it Worth it?    

Jeff Brown

U of Illinois and NBER

EGRIE

Miguel Romero

Universidad Autonoma de Madrid