A Global Forum

To Deepen Understanding Among Academics, Professionals and Policymakers

 

E-mail: Secretariat@wriec.org

World Risk and Insurance Economics Congress

Concurrent Sessions V

Wednesday, 10 August 2005, 10:30 AM - 12 PM

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 5A
Agency Theory I

Moderator: David Sommer, U of Georgia

 

Author

Affiliation

Paper Title

Discussant

Affiliation

ARIA

David Eckles and Martin Halek

U of Georgia

Insurer Reserve Error and Executive Compensation

Wei Zheng

Peking U

ARIA

Rob Hoyt and Kathleen McCullough

U of Georgia and Florida State U

Managerial Discretion and the Impact of Risk-Based Capital Requirements on Property-Liability Insurer Reserving Practices

Larry Cox

U of Mississippi

ARIA

Enya He and David Sommer

U of Georgia

CEO Turnover and Ownership Structures: Evidence from the U.S. Property-Casualty Insurance Industry

Qiang Liu

U of Mississippi

 
Session 5B
Corporate Risk Management III

Moderator: Richard Phillips, Georgia State U

 

Author

Affiliation

Paper Title

Discussant

Affiliation

ARIA

Marcel Boyer, Martin Boyer and Rene Garcia

HEC Montréal and CIRANO

The Value of Risk Management: A Frontier Analysis

Greg Davis

U of Cambridge

APRIA

Mariko Nakabayashi

Meiji U

Business Scandals and Risk Management: From a Business Ethics Perspective

Terrie Troxel

AICPCU/IIA

ARIA

David Cummins, Christopher Lewis, and Ran Wei

U of Pennsylvania, Hartford Insurance Group, and U of Pennsylvania

The Market Value Impact of Operational Risk Events

Nobuko Aoba

Naruto U of Education

 
Session 5C
Healthcare Economics III

Moderator: Sandrine Spaeter, U of Strasbourg

 

Author

Affiliation

Paper Title

Discussant

Affiliation

APRIA

Carlo Savino and Dario Focarelli

Associazione Nazionale fra le Imprese Assicuratrici

Household Portfolio Diversification and the Diffusion of Health and Property Insurance in Italy

Jan Ambrose

La Salle U

APRIA

S. Jayaprakash and S. Ganesan

Jansons School of Business

Tweaking the Corporate Health Insurance Models in Indian Scenario: An Entry Point

Jie Gao

U of Wisconsin-Madison

 
Session 5D
Insurance Empirics III

Moderator: Gene Lai, Washington State U

 

Author

Affiliation

Paper Title

Discussant

Affiliation

ARIA

Steve Pottier and David Sommer

U of Georgia

On the Use of Group-level Financial Information in Insurer Solvency Surveillance

Francesco Natale

Bicocca U

EGRIE

Emilio Venezian

Rutgers U

What Is the Property-Liability Insurance Business?

Laureen Regan

Temple U

ARIA

Larry Tzeng, Ching-Fan Chung and Jennifer Wang

National Taiwan U, Academia Sinica, and National Cheng-chi U

Immoral Smirks

Joseph Ruhland

U of Georgia

 
Session 5E
Insurance Finance I

Moderator: Peter Zweifel, U of Zurich

 

Author

Affiliation

Paper Title

Discussant

Affiliation

ARIA

Qiming Wang and James Ligon

U of Alabama

The Underpricing of  IPOs of Insurance Companies

Yong-Duck Kim

Soongsil U

APRIA

Wen-Yen Hsu, Richard Lu, and Shu-Ying Wu

Feng Chia U

Fair Participating Life Insurance Policies: The Impact of Interest Rate Guarantees, Bonus Policies, and Investment Incentives

Jochen Russ

Insitut fuer Finanz- und Aktuarwissenschaften

APRIA

Yu Ziyou and Xiao Yanhua

Lingnan U

Safety-first Portfolio Optimization Model: Predicting the Asset Portfolio of Chinese Insurance Funds with Direct Investment in the Stock Market

Jung Hwan Lee

Korea Insurance Development Institute

 
Session 5F
Taxes

Moderator: Richard Derrig, Opal Consulting

 

Author

Affiliation

Paper Title

Discussant

Affiliation

ARIA

Andreas Milidonis and Martin Grace

Georgia State U

Tax-deferred Pre-event Catastrophe Loss Reserves: The Case of Florida

Richard Lu

Feng Chia U

APRIA

Minglai Zhu and Yuan Yuan

Nankai U

The Impact of State Taxation on Property-Casualty Insurance Industry

Rachel Huang

Ming Chuan U

ARIA

Rachel Huang and Larry Tzeng

Ming Chuan U and National Taiwan U

Why Does a Government Provide Tax Deductions for Net Losses?

Minglai Zhu