Does insurance fraud in automobile theft insurance fluctuate with the business cycle?
學年 101
學期 2
出版（發表）日期 2013-07-03
作品名稱 Does insurance fraud in automobile theft insurance fluctuate with the business cycle?
作品名稱（其他語言）
著者 Wang, Kili C.; 汪琪玲
單位 淡江大學保險學系
出版者 New York: Springer New York LLC
著錄名稱、卷期、頁數 Journal of Risk and Uncertainty 47(1), pp.67-92
摘要 Financial institutions face various cyclical risks, but very few studies have analyzed the cyclicality of operational risk. External fraud is an important operational risk faced by insurers. In this research, we analyze the empirical relationship between insurance fraud and business cycle and we concentrate our study on two insurance contracts that may create an incentive to defraud. We find that residual insurance fraud exists both in the contract with replacement cost endorsement and the contract with no-deductible endorsement in the Taiwan automobile theft insurance market. These results are consistent with previous literature on the relationship between fraud activity and non-optimal insurance contracting. We also show that the severity of insurance fraud is countercyclical. Fraud is stimulated during periods of recession and mitigated during periods of expansion. Although this last result seems intuitive, our contribution is the first to measure its significance.
關鍵字 Operational risk;Insurance fraud;Replacement cost endorsement;No-deductible endorsement;Automobile theft insurance;Business cycle
語言 en_US
ISSN 1573-0476
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度 是
國別 USA
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/80645 )

機構典藏連結
SDGS 產業創新與基礎設施,減少不平等,負責任的消費與生產,和平正義與有力的制度