Risk transfer and moral hazard: An examination on the market for insurance-linked securities

Götze, Tobias; Gürtler, Marc

doi:10.1016/j.jebo.2019.06.010

Cited by 9 publications

(2 citation statements)

References 61 publications

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“…These insurancerelated securities are traded in a financial market with multiple stocks at correlated prices with risk-free rates. Götze and Gürtler (2020) claim whether the sponsors of catastrophes bonds with indemnity triggers are susceptible to ex-ante moral hazard and ex-post moral hazard, showing that the sponsors are only susceptible to ex-ante moral hazard and vertical loss retention has a positive effect on sponsors' incentives to contain losses. Carter and Mainelli (2018) show that cyber risks can also be transferred to the capital markets in ways similar to hurricane risk through ILS.…”

Section: Converting Risk Into Securitiesmentioning

confidence: 99%

Developing a Model of Insurance Securitisation in Iranian Environmental Conditions

Peivandi

Zeynali

Salehi

et al. 2022

JRFM

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As a growing industry in Iran, the insurance industry has dramatically grasped researchers’ and managers’ attention. Among the various issues in this industry, measuring and evaluating the efficiency and performance of its units and branches has always been considered by relevant experts because such evaluation can help us take adequate steps to improve this area. Through securitisation, insurance companies may mitigate the cost of their capital, increase the return on equity, and improve other metrics that affect their operating performance. Securitisation increases capital productivity in the insurance industry. Therefore, the present study was conducted in 2020 to review and develop a model of insurance securitisation in Iran. The present study is exploratory research. Thus, 13 experts and commentators in insurance securities were interviewed. Second, based on the theme analysis, the content of the interviews was analysed, and a proposed model was developed. Then, according to the obtained model, a questionnaire was designed and distributed among insurance industry experts. Two concepts of validity and reliability were used to validate the questionnaire. Based on the model, 10 main factors were identified as influencing insurance securitisation. Insurance securitisation, management of Iran’s environmental conditions, the role of the capital market in insurance, financing, economic development, optimal risk management, risk transfer process in insurance securitisation, investment culture, support of regulatory bodies and facilities in the securities issuance process, utilisation of technical knowledge and specialised human resources are the factors identified in the research. The results showed that all these factors identified from the interviews were confirmed, and the model was sufficiently valid.

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Section: Converting Risk Into Securitiesmentioning

confidence: 99%

Developing a Model of Insurance Securitisation in Iranian Environmental Conditions

Peivandi

Zeynali

Salehi

et al. 2022

JRFM

View full text Add to dashboard Cite

show abstract

“…Alberto Bucci and Alberto Russo [3] speak about the influence of finance on long-term development with the proper organization of its direction and its orders. Tobias Götze and Marc Gürtler discuss the role of securities in the insurance system [4].…”

Section: Introductionmentioning

confidence: 99%

Social and investment redistribution – the trend of the future

Donchenko

Shaginyan

2021

E3S Web Conf.

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Russia is going through a stage of becoming accompanied by complex internal problems. They are associated with the development of a legal framework and reconsidering the new type of economy, the negative impact of global crises and evident challenges in the distribution of the money supply. An active social policy of the state is aimed at the population strata in need of support: pensioners, disabled people, children. But the gap between low-income and rich groups is widening, and the middle stratum as a social component has practically disappeared. This situation suggests the need to search for tools to improve the prosperity of the population. Besides, low-efficiency investment systems of large players in the sector with state participation are registered, which requires the search for additional sources of investment and ways of their rational use with proper control. Which, in its turn, will reset the load from the state budget.

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Risk-preparedness mechanism and audit quality: Evidence from mandatory increase of professional indemnity insurance and professional risk fund

Yue

Yuan

2023

China Journal of Accounting Research

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Risk transfer and moral hazard: An examination on the market for insurance-linked securities

Cited by 9 publications

References 61 publications

Developing a Model of Insurance Securitisation in Iranian Environmental Conditions

Developing a Model of Insurance Securitisation in Iranian Environmental Conditions

Social and investment redistribution – the trend of the future

Risk-preparedness mechanism and audit quality: Evidence from mandatory increase of professional indemnity insurance and professional risk fund

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