Zobrazeno 1 - 10
of 32
pro vyhledávání: '"George Zanjani"'
Publikováno v:
SSRN Electronic Journal.
We reexamine life insurance and annuity pricing during the 2008 financial crisis. In contrast with previous research, we find that insurers sold policies at significantly elevated markups over their fundamental values during the crisis months and, mo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::831a9e87406f5a89d0f767ceb0b1e87f
https://doi.org/10.2139/ssrn.3799325
https://doi.org/10.2139/ssrn.3799325
Autor:
Daniel Bauer, George Zanjani
Publikováno v:
Journal of Banking & Finance. 125:106071
We revisit the foundations of economic capital and RAROC calculations prevalent in the insurance industry by extending the canonical static setting to a dynamic model with different ways of raising capital. The dynamic results suggest two important m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cb6f915b7209275a9acab231f7de64f1
https://doi.org/10.1016/j.jbankfin.2021.106071
https://doi.org/10.1016/j.jbankfin.2021.106071
Autor:
Yiling Deng, George Zanjani
Publikováno v:
Journal of Risk and Insurance. 85:959-991
This article studies the timing of state‐level tort reform enactments between 1971 and 2005. Using discrete‐time hazard models, we find the level of litigation activity—as measured by incurred liability insurance losses, the number of lawyers,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8e84de8a825339ebdd4e675486f9db32
https://doi.org/10.1111/jori.12186
https://doi.org/10.1111/jori.12186
Autor:
George Zanjani, Michael R. Powers
Publikováno v:
Annual Review of Financial Economics. 5:201-223
We pursue two interrelated lines of thought. The first is a conceptual arc from (a) consideration of the unique characteristics of insurance risk, to (b) the quantification of this risk through risk measures, to (c) the application of these concepts
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b4851744780625e416de1247ad42ec3a
https://doi.org/10.1146/annurev-financial-110112-120955
https://doi.org/10.1146/annurev-financial-110112-120955
Autor:
Darius N. Lakdawalla, George Zanjani
Publikováno v:
Journal of Risk and Insurance. 79:449-476
Catastrophe bonds feature full collateralization of the underlying risk transfer and thus abandon the reinsurance principle of economizing on collateral through diversification of risk transfer. Our analysis demonstrates that this feature places limi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::850133036039138d8ee7418d4eb1b7d3
https://doi.org/10.1111/j.1539-6975.2011.01425.x
https://doi.org/10.1111/j.1539-6975.2011.01425.x
Autor:
George Zanjani
Publikováno v:
Journal of Risk and Insurance. 77:523-549
This article starts with primitive assumptions on preferences and risk. It then derives prices consistent with a social optimum within an insurance company and the consumer-level capital allocation implied therein. The allocation "adds up" to the tot
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::390e82ecedf528e35a2e74f65a221ca5
https://doi.org/10.1111/j.1539-6975.2010.01354.x
https://doi.org/10.1111/j.1539-6975.2010.01354.x
Publikováno v:
SSRN Electronic Journal.
We identify the effect of public guarantees on market discipline by exploiting the rich variation in U.S. state guarantees of property-liability insurer obligations. We find government guarantees significantly reduce the sensitivity of premium growth
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::221bedfdfd7e94d3065efd2c53e42d3e
https://doi.org/10.2139/ssrn.2736397
https://doi.org/10.2139/ssrn.2736397
Autor:
George Zanjani
Publikováno v:
American Economic Review. 97:973-983
This paper studies the association between regulation and the organizational form of new life insurers between 1900 and 1949. The mutual form was popular in states with low initial capital requirements for mutual companies and differentially higher r
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::94db3680546c3d45f1ec743c1304b475
https://doi.org/10.1257/aer.97.3.973
https://doi.org/10.1257/aer.97.3.973
Autor:
Darius N. Lakdawalla, George Zanjani
Publikováno v:
Journal of Public Economics. 89:1891-1905
This paper investigates the rationale for public intervention in the terrorism insurance market. It argues that government subsidies for terror insurance have the effect of discouraging self-protection and limiting the negative externalities associat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2e49173e10807a8519cd904c7e88a73f
https://doi.org/10.1016/j.jpubeco.2004.06.008
https://doi.org/10.1016/j.jpubeco.2004.06.008
Autor:
Shinichi Kamiya, George Zanjani
Publikováno v:
SSRN Electronic Journal.
We apply Moulin's notion of egalitarian equivalent cost sharing of a public good to the problem of insurance capitalization and capital allocation where the liability portfolio is fixed. We show that this approach yields overall capitalization and co
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e06ff2604a5af48bb8434910e36d4078
https://doi.org/10.2139/ssrn.2592475
https://doi.org/10.2139/ssrn.2592475