出版日期：2022-01-26 00:00:00

著者：Jyh-Horng Lin; Jyh-Jiuan Lin; Xuelian Li; Zehe Song

著錄名稱、卷期、頁數：Emerging Markets Finance and Trade 58(11), p.3076-3089

摘要：This study explores the determinants of an insurer’s guaranteed rate based on a contingent claim model. According to the model development, we structure and estimate the guaranteed rate setting and policyholder protection equations. A time-series approach explains the guaranteed rate-setting behavior and insurance stability captured by policyholder protection from 1990 to 2018. The evidence suggests that derivatives, life insurance premiums, administrative costs, and federal income tax affect the insurer’s guaranteed rate-setting behavior. Increasing life insurance premiums and administrative costs in asset-liability matching management significantly enhance policyholder protection, contributing to insurance stability.

關鍵字：Guaranteed rate-setting;life insurance premium;policyholder protection

語言：en

ISSN：1558-0938; 1540-496X

期刊性質：國外

收錄於：SSCI

審稿制度：否

國別：GBR

出版型式：電子版,紙本