CONCURRENT SESSIONS VII + VIII

 

THURSDAY, AUGUST 6th – CONCURRENT SESSIONS VII

A Behavioral Effects Moderator: Lisa Posey,
Pennsylvania State University
Room A014
8.30 – 9.00 am Retirement Savings: A Tale of Decisions and Defaults
• Hazel Bateman, University of New South Wales
Discussant: Gregor Weiß, TU Dortmund University
9.00 – 9.30 am Regret and Rejoicing Effects on Mixed Insurance
• Yoichiro Fujii, Osaka Sangyo University
• Mahito Okura, Doshisha Women’s College of Liberal Arts
• Osaki Yusuke, Osaka Sangyo University
Discussant: Kazuhiro Takino, Nagoya University of Commerce & Business
9.30 – 10.00 am What Role Does Limited Attention Play in Explaining Consumer Inertia in Insurance?
• Kyeonghee Kim, University of Wisconsin-Madison
• Justin Sydnor, University of Wisconsin-Madison
Discussant: Hongjun Ha, Georgia State University
B Annuities Moderator: Shinichi Yamamoto,
Ritsumeikan University
Room A015
8.30 – 9.00 am Hedging and Immunization of Longevity Risk
• Changyu Liu, University of New South Wales
• Michael Sherris, University of New South Wales
Discussant: Anastasia Driva, LMU Munich
9.00 – 9.30 am Embedding the Natural Hedging of Mortality/Longevity Risks into Product Design
• Becky F. Huang, National Chengchi University
• Chenghsien Tsai, National Chengchi University
Discussant: Hsuan Fu, Imperial College London
9.30 – 10.00 am The Impact of the Level of Biometric Guarantees on Mortality Indexed Annuities
• Jakob Klein, University of Ulm
Discussant: Andreas Haas, University of Hohenheim
C Market Discipline Moderator: Shinichi Kamiya,
Nanyang Technological University
Room A016
8.30 – 9.00 am Risk Aversion, Business Risk, and Market Discipline in the Insurance Industry: A Cross-Country Analysis
• Muhammed Altuntas, University of Cologne
• Thomas Berry-Stölzle, University of Iowa
Discussant: Li Diao, Central University of Finance and Economics
9.00 – 9.30 am The Effect of Government Guarantees on Market Discipline in the Property-Casualty Insurance Industry
• Yiling Deng, Georgia State University
• Tyler Leverty, University of Wisconsin-Madison
• George Zanjani, Georgia State University
Discussant: Hideki Iwaki, Kyoto Sangyo University
9.30 – 10.00 am Regulatory versus Market Discipline in the Property-Liability Insurance Industry
• David Eckles, University of Georgia
• Martin Halek, University of Wisconsin-Madison
• Anastasia Ivantsova, University of Wisconsin-Madison
• Tyler Leverty, University of Wisconsin-Madison
Discussant: Tobias Gerstner, LMU Munich
D Health Care Expenditure Moderator: Peter Zweifel,
University of Zurich
Room A017
8.30 – 9.00 am Health Care Expenditure Shocks and Optimal Annuitization Considerations of Longevity Risk
• Jing Ai, University of Hawaii at Manoa
• Patrick Brockett, University of Texas at Austin
• Linda Golden, University of Texas at Austin
• Wei Zhu, University of International Business and Economics, Beijing, China
Discussant: Erin Lu, Shenzhen University
9.00 – 9.30 am Predicting Health Care Costs by Two-part Model with Sparse Regularization
• Atsuyuki Kogure, Keio University
Discussant: Wei-Hua Tian, National Cheng Kung University
9.30 – 10.00 am Critical Illness Insurance to Alleviate Catastrophic Health Expenditures: New Evidence from China
• Guochen Pan, Wuhan University
• Jacques Vanneste, University of Antwerp
• Jiaxin Xu, Southeast University
• Ying Zhang, Southeast University
Discussant: –
E Retirement Planning Moderator: Sankarshan Basu,
Indian Institute of Management Bangalore
Room A021
8.30 – 9.00 am Optimal Life-Time Utility: The Effect of Retirement Age
• An Chen, University of Ulm
• Felix Hentschel, University of Ulm
• Fangyi Jin, Central University of Finance and Economics
• Xian Xu, Fudan University
Discussant: Wenchao Wang, Central University of Finance and Economics
9.00 – 9.30 am Multi-period Optimization Model for Retirement Planning
• Norio Hibiki, Keio University
• Wataru Oya, The Dai-ichi Life Insurance Company, Limited
Discussant: Felix Hentschel, University of Ulm
9.30 – 10.00 am How Do Plan Demographic Characteristics Matter in the Retirement Income Security of 401(k) Plan Participants?
• Youngkyun Park, University of Idaho
Discussant: Kimberly Luchtenberg, East Carolina University
F Investment Moderator: Noriyoshi Yanase,
Tokyo Keizai University
Room A022
8.30 – 9.00 am Retained Asset Accounts and Investor Strategy
• Jill Bisco, University of Akron
• Kathleen McCullough, Florida State University
Discussant: Mark Browne, St. John‘s University
9.00 – 9.30 am Optimal Investment and Liability Ratio Policies in a Multi-dimensional Regime Switching Model
• Abel Cadenillas, University of Alberta
• Bin Zou, Technical University of Munich
Discussant: Arnaud Goussebaile, École Polytechnique
9.30 – 10.00 am Evaluating Investments in Renewable Energy under Policy Risks
• Nadine Gatzert, Friedrich-Alexander-University of Erlangen-Nürnberg
• Nikolai Vogl, Friedrich-Alexander-University of Erlangen-Nürnberg
Discussant: Alexis Louaas, École Polytechnique
G Catastrophe Risk Moderator: Andreas Richter,
LMU Munich
Room E004
8.30 – 9.00 am Pricing of Catastrophe Risk and the Implied Volatility Smile
• Ben Semir Ammar, University of St. Gallen
Discussant: Alexander Braun, University of St. Gallen
9.00 – 9.30 am The Effects of Revealed Information on Catastrophe Loss Projection Models‘ Characterization of Risk: Damage Vulnerability Evidence from Florida
• James Karl, East Carolina University
• Patrick Maroney, Florida State University
• Lorilee Medders, Florida State University
Discussant: Alexandr Pekelis, University of Mannheim
9.30 – 10.00 am The Effect of Catastrophe Events on (Re)Insurance Pricing
• Ginger Turner, Swiss Re
Discussant: Davide Benedetti, Imperial College London
H Moral Hazard Moderator: Jörg Schiller,
University of Hohenheim
Room E006
8.30 – 9.00 am Dynamic Incentives with Event Risk
• Enrico Biffis, Imperial College London
• Caterina Lepore, Imperial College London
Discussant: Benjamin Ouvrard, University of Strasbourg
9.00 – 9.30 am Moral Hazard Premium: Valuation of Moral Hazard Under Diffusive and Jump Risks
• Hisashi Nakamura, Hitotsubashi University
Discussant: Yana Petrova, Lund University
9.30 – 10.00 am Social Preferences and Moral Hazard: An Experimental Analysis
• Christian Knoller, Allianz SE
• Stefan Neuß, LMU Munich
Discussant: Sebastain Awondo, University of Georgia
I Deregulation in Automobile Insurance Moderator: Christian Biener,
University of St. Gallen
Room A119
8.30 – 9.00 am Automobile Insurance Price Deregulation and Competition in the Nonlife Insurance Industry in Korea
• Soon-Jae Lee, Sejong University
Discussant: Sangwook Nam, Seowon University
9.00 – 9.30 am Deregulation, Pricing Strategies, and Claim Behavior in Taiwan Automobile Insurance Market
• Chu-Shiu Li, National Kaohsiung First University of Science and Technology
• Chwen-Chi Liu, Feng Chia University
• Sheng-Chang Peng, Ming Chuan University
Discussant: Soon-Jae Lee, Sejong University
9.30 – 10.00 am Long-run Regional Equilibria in a Large Motor Insurance Market
• Giovanni Millo, Assicurazioni Generali
• Antonio Salera, Assicurazioni Generali
Discussant: Christopher Schreckenberger, University of Hohenheim
J Loss Control Moderator: Hongjoo Jung,
Sungkyunkwan University
Room A125
8.30 – 9.00 am Compulsory Insurance and Voluntary Self-Insurance: Substitutes or Complements? A Matter of Risk Attitudes
• Anne Corcos, University of Picardy
• Claude Montmarquette, Université de Montréal and CIRANO
• François Pannequin, École Normale Supérieure de Cachan
Discussant: Christine Wang, National University of Singapore
9.00 – 9.30 am Precautionary Motives Under Multiple Instruments
• Christoph Heinzel, INRA
• Richard Peter, LMU Munich
Discussant: Lukas Reichel, University of St. Gallen
9.30 – 10.00 am Learning and Risk Management Decisions
• Dominik Lohmaier, LMU Munich
Discussant: Johannes Maier, LMU Munich

 

THURSDAY, AUGUST 6th – CONCURRENT SESSIONS VIII

A Risk Preferences Moderator: Steven Pottier, University of Georgia Room A014
10.30 – 11.00 am Insurance and Endogenous Bankruptcy Risk: When is it Rational to Choose Gambling, Insurance and Potential Bankruptcy?
• Vickie Bajtelsmit, Colorado State University
• Lisa Posey, Pennsylvania State University
Discussant: Martin Boyer, HEC Montréal
11.00 – 11.30 am Heterogeneity in Risk Attitudes Across Domains: A Mixture Model Approach
• Anna Conte, University of Westminster
• Peter Moffatt, University of East Anglia
• Mary Riddel, University of Nevada, Las Vegas
Discussant: Atsuyuki Kogure, Keio University
11.30 – 12.00 pm Risk Preferences and (Behavioral) Consequences – Effects of Changes in Risk Attitude on Individuals’ Health-related and Financial Decision Making
• Verena Jaeger, LMU Munich
Discussant: –
B Pricing Moderator: Enrico Biffis,
Imperial College London
Room A015
10.30 – 11.00 am A Least-Squares Monte Carlo Approach to the Price of Guaranteed Minimum Withdrawal Benefits
• Hongjun Ha, Georgia State University
Discussant: Yujia He, Tsinghua University
C Organizational Form Moderator: Chu-Shiu Li,
National Kaohsiung First University of Science and Technology
Room A016
10.30 – 11.00 am Under Pressure – How the Environment Affects Profitability and Efficiency of European Life Insurance Companies
• Martin Eling, University of St. Gallen
• Philipp Schaper, University of St. Gallen
Discussant: Stefan Mau, ETH Zurich
11.00 – 11.30 am Key Drivers for Mutualization: Comparison between Japan and U.S./Canada
• Tatsuo Kurogi, Nagoya University of Commerce & Business
Discussant: Chunhong Zhao, Central University of Finance and Economics
D Health Insurance Moderator: Jing Ai,
University of Hawaii at Manoa
Room A017
10.30 – 11.00 am Using Logarithmic Goal Programming Methodology to Develop a Utility Function for Buyers of Health Insurance in India
• Sankarshan Basu, Indian Institute of Management Bangalore
• Goutam Dutta, Indian Institute of Management Ahmedabad
Discussant: Do-yeon Kim, Sungkyunkwan University
11.00 – 11.30 am Risk Preference Heterogeneity and Private Health Insurance under National Health Insurance Program in Taiwan: Reexamination by Latent Class Analysis
• Wei-Hua Tian, National Cheng Kung University
Discussant: Jakob Klein, University of Ulm
11.30 – 12.00 pm How Does Preferential Tax Policy Affect Commercial Health Insurance Purchase Intention
• Minglai Zhu, Nankai University
• XinLiang Yu, Nankai University
• Ke Zhou, Nankai University
Discussant: Kyeonghee Kim, University of Wisconsin-Madison
E Risk Management of Insurers Moderator: Patrick Brockett,
University of Texas at Austin
Room A021
10.30 – 11.00 am Globalization of the Life Insurance Industry: Blessing or Curse?
• Christian Biener, University of St. Gallen
• Martin Eling, University of St. Gallen
• Ruo (Alex) Jia, University of St. Gallen
Discussant: Katja Hanewald, University of New South Wales
11.00 – 11.30 am Partial Adjustment toward Target Reinsurance Levels: An Analysis of U.S. Property-Liability Insurance Industry
• Vincent Chang, Chaoyang University of Technology
Discussant: Chwen-Chi Liu, Feng Chia University
11.30 – 12.00 pm Effects of Corporate Diversification Revisited: New Evidence from the Property-Liability Insurance Industry
• Thomas Berry-Stölzle, University of Iowa
• In Song, University of Georgia
Discussant: Patrick Brockett, University of Texas at Austin
G Income and Retirement Moderator: Hazel Bateman,
University of New South Wales
Room E004
10.30 – 11.00 am The Interindustry Gender Wage Gap: Evidence from the Financial and Insurance Industry
• Hwei-Lin Chuang, National Tsing Hua University
• Eric S. Lin, National Tsing Hua University
• Min-Teh Yu, National Chia Tung University
Discussant: Shinichi Yamamoto, Ritsumeikan University
11.00 – 11.30 am Evaluating Lost Earnings using Longitudinal Age Earnings Profiles: The Case of Korea
• Wondon Lee, Daegu University
• Seungryul Ma, Government Employees Pension Service
Discussant: Yoshihiko Suzawa, Kyoto Sangyo University
H Asymmetric Information in Health Insurance Moderator: Kili C. Wang,
Tamkang University
Room E006
10.30 – 11.00 am Heterogeneous Selection in the Market for Private Supplemental Dental Insurance: Evidence from Germany
• Jan Michael Bauer, University of Hohenheim
• Jörg Schiller, University of Hohenheim
• Christopher Schreckenberger, University of Hohenheim
Discussant: Sven Nolte, University of Münster
11.00 – 11.30 am Can Guaranteed Renewability Survive in the Presence of Death?
• Patrick Eugster, Allianz Suisse
• Annette Hofmann, Hamburg School of Business Administration
• Peter Zweifel, University of Zurich
Discussant: Wanda Mimra, ETH Zurich
11.30 – 12.00 pm Pros and Cons of Sick Pay Schemes: A Method to Test for Contagious Presenteeism and Shirking Behavior
• Stefan Pichler, ETH Zurich, KOF Swiss Economic Institute
• Nicolas Ziebarth, Cornell University
Discussant: Caterina Lepore, Imperial College London
I Banking Moderator: J. Tim Query,
New Mexico State University
Room A119
10.30 – 11.00 am Politicians’ Promotion Incentives and Bank Risk Exposure in China
• Lukas Menkhoff, Kiel Institute for the World Economy
• Michael Schröder, Centre for European Economic Research
• Li Wang, Fudan University
• Xian Xu, Fudan University
Discussant: Dominik Lohmaier, LMU Munich
11.00 – 11.30 am The Impact of Bancassurance on Efficiency and Profitability of Banks: Evidence from the Banking Industry in Taiwan
• YenChih Chen, National Chengchi University
• Vivian Jeng, National Chengchi University
• Jin-Lung Peng, National Chengchi University
• Jennifer L. Wang, National Chengchi University
Discussant: tba
11.30 – 12.00 pm Bank Equity Ownership and Corporate Hedging: Evidence from Japan
• Noriyoshi Yanase, Tokyo Keizai University
Discussant: Fumitoshi Sugino, Senshu University