Reinsurance as a corporate finance; rethinking of traditional studies on reinsurance

再保险作为企业融资；

• 批准号: 18530326
• 负责人: YONEYAMA Takau
• 金额: $ 1.75万
• 依托单位: Hitotsubashi University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Scientific Research (C)
• 财政年份: 2006
• 资助国家: 日本
• 起止时间: 2006 至 2007
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-18530326/
• 关键词: reinsurance; life reinsurance; financing; Alternative Risk Transfer; Capital of insurance company; ALM; 生命再保険; リスク; リスク制御; 保険

In the study on insurance, many researchers have usually recognized that it is a measure for averaging of insurance risks and enlarging of the limit of retention for primary insurers. It is true, but we can rethink the role of reinsurance after the conceptual revolution on enterprise value and the development of financial engineering in business risk management.In the previous studies, every researcher often discusses which is more competitive between reinsurance and Alternative risk transfer, ART. Some emphasized the limit of reinsurance contract. However reinsurance market has been still active and it give consumers stable risk transfer service by using its old technology. At least, ART is far from pushing out the old technology.On these backgrounds, this study focused on the other functions of reinsurance. Reinsurance is not only a measure of diversification of risk but also a technique of financing.We selected the life reinsurance, and we discussed why Japanese larger life assurance companies used the life reinsurance program so little.Helped by interviews for insurance person, we concluded as follows. When globalization of insurance regulation developed, Japanese large life assurance companies will recognize the importance of life reinsurance arrangement for achieving enterprise risk management.

在保险研究中，许多研究者通常认识到这是一种平均保险风险、扩大主保险人自留限额的措施。确实如此，但随着企业价值观念的革命和金融工程在商业风险管理中的发展，我们可以重新思考再保险的作用。在以往的研究中，各位研究者经常讨论再保险和另类风险转移哪个更有竞争力，艺术。有人强调再保险合同的限制。然而，再保险市场仍然活跃，利用其旧技术为消费者提供稳定的风险转移服务。至少，ART还远未取代旧技术。在此背景下，本研究重点关注再保险的其他功能。再保险不仅是分散风险的一种手段，也是一种融资技术。我们选择了人寿再保险，并讨论了为什么日本较大的人寿保险公司很少使用人寿再保险计划。通过对保险公司人士的采访，我们得出以下结论：接下来。随着保险监管全球化的发展，日本大型寿险公司将认识到寿险再保险安排对于实现企业风险管理的重要性。

项目成果

Life Reinsurance in Japan, 1925-1950: Why don't Japanese life assurance companies make much of reinsurance?

日本人寿再保险，1925 年至 1950 年：为什么日本人寿保险公司不重视再保险？

• 发表时间: 2006
• 作者: Takau Yoneyama

保険会社のコンプライアンスへの取組み

保险公司合规努力

• 发表时间: 2007
• 作者: 米山 高生

Life Reinsurance in Japan, 1925-1950: Why don't Japanese life assurance companies make much of reinsurance

日本人寿再保险，1925 年至 1950 年：为什么日本人寿保险公司不重视再保险

• 发表时间: 2006
• 作者: Takau; Yoneyama
• 通讯作者: Yoneyama

自動車保険が損害保険会社の経営に及ぼした影響-自動車保険へのシフトは損害保険会社にとって合理的な行動だったのか?-

车险对非寿险公司经营管理的影响 - 向车险转型对非寿险公司来说是理性行为吗？

• 发表时间: 2007
• 作者: 米山高生(宮下洋との共著)

The Great Kanto earthquake and the response of insurance companies: a historical lesson on the impact of a major disaster

关东大地震和保险公司的反应：重大灾难影响的历史教训

• 发表时间: 2008
• 作者: Takau Yoneyama