出版日期：2013-07-03 00:00:00

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

審稿制度：是

國別：USA

出版型式：電子版,紙本