nep-ias New Economics Papers
on Insurance Economics
Issue of 2014‒08‒28
twelve papers chosen by
Soumitra K. Mallick
Indian Institute of Social Welfare and Business Management
  1. India : IAIS Insurance Core Principles By International Monetary Fund; World Bank
  2. Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems By World Bank
  3. Agricultural Supply Chain Risk Assessment in the Caribbean By Diego Arias Carballo; dos Reis Laura
  4. When Do Companies Need a Board-Level Risk Management Committee? By Ivan Choi
  5. Reflection on the current debate on how to link flood insurance and disaster risk reduction in the European Union By Swenja Surminski; Jeroen Aerts; Wouter Botzen; Paul Hudson; Jaroslav Mysiak; Carlos Dionisio; Pérez-Blanco
  6. Job Lock: Evidence from a Regression Discontinuity Design By Fairlie, Robert
  7. More than Just Words : How the Africa Round Table is Enabling Meaningful Reforms across Africa By Mahesh Uttamchandani; Antonia Menezes
  8. Labor market transitions and the availability of unemployment insurance By Bradbury, Katharine L.
  9. Measureable Results! Doing Business Project Encourages Economies to Reform Insolvency Frameworks By Valentina Saltane; Rong Chen; Nuria Moya Guzman
  10. Household Finance after a Natural Disaster: The Case of Hurricane Katrina By Hartley, Daniel; Gallagher, Justin
  11. Insured loss inflation: How natural catastrophes affect reconstruction costs By Döhrmann, David; Gürtler, Marc; Hibbeln, Martin
  12. The Emerging Global Landscape of Mobile Microinsurance By Camilo Tellez; Peter Zetterli
  1. By: International Monetary Fund; World Bank
    Keywords: Insurance and Risk Mitigation Law and Development - Insurance Law Private Sector Development - Emerging Markets Finance and Financial Sector Development - Non Bank Financial Institutions Finance and Financial Sector Development - Debt Markets
    Date: 2013–08
    URL: http://d.repec.org/n?u=RePEc:wbk:wboper:16796&r=ias
  2. By: World Bank
    Keywords: Finance and Financial Sector Development - Access to Finance Banks and Banking Reform Finance and Financial Sector Development - Debt Markets Finance and Financial Sector Development - Bankruptcy and Resolution of Financial Distress Finance and Financial Sector Development - Deposit Insurance
    Date: 2013–05
    URL: http://d.repec.org/n?u=RePEc:wbk:wboper:16748&r=ias
  3. By: Diego Arias Carballo; dos Reis Laura
    Keywords: Insurance and Risk Mitigation Social Protections and Labor - Labor Policies Urban Development - Hazard Risk Management Macroeconomics and Economic Growth - Markets and Market Access Crops and Crop Management Systems Finance and Financial Sector Development Agriculture
    Date: 2013–03
    URL: http://d.repec.org/n?u=RePEc:wbk:wboper:17029&r=ias
  4. By: Ivan Choi
    Keywords: Insurance and Risk Mitigation Social Protections and Labor - Labor Policies Law and Development - Banking Law Governance - National Governance Finance and Financial Sector Development - Non Bank Financial Institutions
    Date: 2013
    URL: http://d.repec.org/n?u=RePEc:wbk:wboper:17018&r=ias
  5. By: Swenja Surminski; Jeroen Aerts; Wouter Botzen; Paul Hudson; Jaroslav Mysiak; Carlos Dionisio; Pérez-Blanco
    Date: 2014–08
    URL: http://d.repec.org/n?u=RePEc:lsg:lsgwps:wp162&r=ias
  6. By: Fairlie, Robert
    Abstract: Employer-provided health insurance may restrict job mobility, resulting in “job lock.â€Â  Previous research on job lock finds mixed results using several methodologies. We take a new approach to examine job-lock by exploiting the discontinuity created at age 65 through the qualification for Medicare. Using a novel procedure for identifying age in months from matched monthly CPS data and a relatively unexplored administration measure of job mobility, we compare job mobility among male workers in the months just prior to turning age 65 to job mobility in the months just after turning age 65. We find no evidence that job mobility increases at the age 65 threshold when Medicare eligibility starts. We also do not find evidence that other factors such as retirement, reduction in hours worked, social security eligibility, pension eligibility, and sample changes confound the results on job mobility in the month individuals turn 65.
    Keywords: Social and Behavioral Sciences, Job lock; health insurance; Medicare
    Date: 2014–08–15
    URL: http://d.repec.org/n?u=RePEc:cdl:ucscec:qt4947535x&r=ias
  7. By: Mahesh Uttamchandani; Antonia Menezes
    Keywords: Financial Crisis Management and Restructuring Finance and Financial Sector Development - Deposit Insurance Private Sector Development - Emerging Markets Finance and Financial Sector Development - Debt Markets Finance and Financial Sector Development - Bankruptcy and Resolution of Financial Distress
    Date: 2013–10
    URL: http://d.repec.org/n?u=RePEc:wbk:wboper:18690&r=ias
  8. By: Bradbury, Katharine L. (Federal Reserve Bank of Boston)
    Abstract: Economists often expect unemployment insurance (UI) benefits to elevate unemployment rates because recipients may choose to remain unemployed in order to continue receiving benefits, instead of accepting a job or dropping out of the labor force. This paper uses individual data from the Current Population Survey for the period between 2005 and 2013 — a period during which the federal government extended and then reduced the length of benefit availability to varying degrees in different states — to investigate the influence of program parameters in the UI system on monthly transition rates of unemployed individuals. The main finding is that unemployed job losers tend to remain unemployed until they exhaust UI benefits, at which point they become more likely to drop out of the labor force; transitions to a job appear to be unaffected by UI benefit extensions. These findings imply that the longer periods of benefit eligibility under the federal programs EUC08 and EB — up to 99 weeks in many states in 2011 and 2012 — contributed to the elevated jobless rates observed during that period, but not via lower employment. By the same token, the sharp contraction of benefit weeks that occurred in 2012 and continued more gradually in 2013 likely contributed to declines in unemployment and participation rates beyond what one would expect based on the improving economy alone. Similarly, the December 28, 2013 sudden cutoff of federal UI payments to an estimated 1.3 million jobless Americans who had been looking for work for more than six months is adding to the pace of transitions from unemployment to dropping out of the labor force, thus reducing the unemployment rate and the labor force participation rate further in the first half of 2014, although very modestly.
    Keywords: unemployment insurance; federal benefit extensions; labor force participation
    JEL: E24 J22 J65
    Date: 2014–07–09
    URL: http://d.repec.org/n?u=RePEc:fip:fedbwp:14-2&r=ias
  9. By: Valentina Saltane; Rong Chen; Nuria Moya Guzman
    Keywords: Law and Development - Trade Law Private Sector Development - Competitiveness and Competition Policy Private Sector Development - E-Business Finance and Financial Sector Development - Deposit Insurance Finance and Financial Sector Development - Bankruptcy and Resolution of Financial Distress
    Date: 2013–01
    URL: http://d.repec.org/n?u=RePEc:wbk:wboper:17042&r=ias
  10. By: Hartley, Daniel (Federal Reserve Bank of Cleveland); Gallagher, Justin (Federal Reserve Bank of Cleveland)
    Abstract: Little is known about how affected residents are able to cope with the fi nancial shock of a natural disaster. We investigate the impact that flooding from a major US hurricane had on household finance. Spikes in credit card borrowing and overall delinquency rates for the most flooded residents are modest in size and short-lived. Greater flooding results in larger reductions in total debt. Lower debt levels appear to be driven by homeowners using flood insurance to repay their mortgages rather than to rebuild. Debt reductions are larger in census tracts where mortgages were likely to be originated by nonlocal lenders.
    Keywords: Household Finance; Insurance; Natural Disaster.
    JEL: D14 G21 H84 Q54
    Date: 2014–08–12
    URL: http://d.repec.org/n?u=RePEc:fip:fedcwp:1406&r=ias
  11. By: Döhrmann, David; Gürtler, Marc; Hibbeln, Martin
    Abstract: In the aftermath of a natural catastrophe, there is increased demand for skilled reconstruction labor, which leads to significant increases in reconstruction labor wages and hence insured losses. Such inflation effects are known as 'Demand Surge' effects. It is important for insurance companies to properly account for these effects when calculating insurance premiums and determining economic capital. We propose an approach to quantifying the Demand Surge effect and present an econometric model for the effect that is based on 191 catastrophe events in the United States. Our model explains more than 75% of the variance of the Demand Surge effect and is thus able to identify the key drivers of the phenomenon. --
    Keywords: Demand Surge,Natural Catastrophes,Reconstruction,Insured Losses
    JEL: G22 J23 J31 Q54 R23
    Date: 2013
    URL: http://d.repec.org/n?u=RePEc:zbw:tbsifw:if44v2&r=ias
  12. By: Camilo Tellez; Peter Zetterli
    Keywords: Insurance and Risk Mitigation Macroeconomics and Economic Growth - Markets and Market Access Private Sector Development - Emerging Markets Private Sector Development - E-Business Water Resources - Water and Industry Finance and Financial Sector Development
    Date: 2014–01
    URL: http://d.repec.org/n?u=RePEc:wbk:wboper:18420&r=ias
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