The independency of insurance while the fusion of insurance and capital markets has accelerated.

• Project/Area Number: 20530384
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Commerce
• Research Institution: Shiga University
• Principal Investigator: KUBO Hideya Shiga University, 経済学部, 教授 (10362815)
• Co-Investigator(Kenkyū-buntansha): SAKAI Yasuhiro 滋賀大学, 経済学部, 特任教授 (40093760) ; MAEDA Yuji 関西学院大学, 経営戦略研究科, 准教授 (70456747)
• Project Period (FY): 2008 – 2010
• Project Status: Completed (Fiscal Year 2010)
• Budget Amount: ¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000); Fiscal Year 2010: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000); Fiscal Year 2009: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2008: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
• Keywords: 破産確率 / ART / 保険の買取制度 / 規範と文化 / モンテカルロ・シミュレーション / ジャンプ過程 / ジャンプ課程 / 生命保険の買取 / 必要責任準備金比率 / モンテカルロシミュレーション / 信用リスクスプレッド / 資本市場との融合

Research Abstract

The purpose of this research is to calculate insurance premiums by means of the new method of Monte Carl simulation rather than the traditional one based on the law of large numbers. The price of life settlements and finite insurance premium of captive insurance company in the interval of an insurance market and a capital market may substitute for insurance markets. And they have possibility of expanding insurance market themselves.
However, in the case of dealing in people's life in a market on life settlements, it is important that institutional ethicality is collateralized.

Research Products

• [Journal Article] Shareholders Value : The Case of Japanese Captive Insurers (2011)
  • Author(s): Yuji Maeda, 諏澤吉彦, Nicos Scordis
  • Journal Title: Asia Pacific Journal of Risk and Insurance 2011年掲載決定 Pages: 19-19
  • Peer Reviewed
• [Journal Article] On long-term credit risk assessment model and rating : Towards a new set of models (2011)
  • Author(s): Hideya Kubo, Yasuhiro Sakai
  • Journal Title: Journal of Risk Research Volume12/ Issue1,(掲載決定) Pages: 24-24
  • Peer Reviewed
• [Journal Article] On long-term credit risk assessment model and rating : Towards a new set of models (2011)
  • Author(s): 久保英也、酒井泰弘
  • Journal Title: Journal of Risk Research Volume: 12(掲載確定 予定) Pages: 1-24
  • Peer Reviewed
• [Journal Article] Analysis of Finite Risk as International Risk Management in Japan and Australia : With Special Reference to the Collapse of Insurance Companies due to the nine-eleven attacks (2010)
  • Author(s): Yuji Maeda
  • Journal Title: Studies in Regional Science Vol.40, No.2 Pages: 327-337
  • NAID: 130000454846
  • Peer Reviewed
• [Journal Article] Comparative Advantage of Japanese Insurers in Loss Portfolio Transfer-A Post-loss Finite Risk Insurance (2010)
  • Author(s): Yuji Maeda
  • Journal Title: Kwansei Gakuin University Social Science Review Vol.15 Pages: 87-104
  • NAID: 120003802256
• [Journal Article] Analysis of Finite Risk as International Risk Management in Japan and Australia : With Special Reference to the Collapse of Insurance Companies due to the nine-eleven attacks. (2010)
  • Author(s): 前田祐治
  • Journal Title: Studies in Regional Science Volume: 40 Pages: 327-337
  • NAID: 130000454846
  • Peer Reviewed
• [Journal Article] Comparative Advantage of Japanese Insurers in Loss Portfolio Transfer-A Post-loss Finite Risk Insurance (2010)
  • Author(s): 前田祐治
  • Journal Title: Kwansei Gakuin University Social Science Review Volume: 15 Pages: 87-104
  • NAID: 120003802256
• [Journal Article] 死亡リスクと信用リスクの交換モデルの提案―生命保険買取制度における適正価格の算出 (2010)
  • Author(s): 久保英也
  • Journal Title: 日本リスク研究学会誌 19巻4号 Pages: 97-104
  • NAID: 130004845579
  • Peer Reviewed
• [Journal Article] 死亡リスクと信用リスクの交換モデルの提案 (2009)
  • Author(s): 久保英也
  • Journal Title: 日本リスク研究学会誌 19巻2号 Pages: 63-70
  • Peer Reviewed
• [Journal Article] 生命保険買取契約の価格構造と契約者還元の可能性 (2009)
  • Author(s): 久保英也
  • Journal Title: 保険学雑誌 Vol.606 Pages: 61-80
  • NAID: 130001390986
• [Journal Article] Japanese Risk Management as a Product of Social Culture : With Special Reference to Insurance Companies (2009)
  • Author(s): Yuji Maeda
  • Journal Title: Shiga University Center for Risk Research CRR Working Paper Series No.A-13 Pages: 1-14
• [Presentation] Comparative Advantage of Japanese Insurers on Loss Portfolio Transfer (2010)
  • Author(s): 前田祐次
  • Organizer: 平成22年度第23回日本リスク学会年次大会
  • Place of Presentation: 明治大学
  • Year and Date: 2010-11-27
• [Presentation] Shareholders Value : The Case of Japanese Captive Insurers (2010)
  • Author(s): 前田祐治
  • Organizer: World Risk and Insurance Economics Congress
  • Place of Presentation: シンガポール
  • Year and Date: 2010-08-07
• [Presentation] Shareholders Value : The Case of Japanese Captive Insurers (2010)
  • Author(s): Yuji Maeda, 諏澤吉彦, Nicos Scordis
  • Organizer: World Risk and Insurance Economics Congress, Singapore
  • Place of Presentation: Singapore Management University
  • Year and Date: 2010-07-26
• [Presentation] 死亡リスクと信用リスクの交換モデルの提案 (2009)
  • Author(s): 久保英也
  • Organizer: 日本リスク研究学会
  • Place of Presentation: 早稲田大学
  • Year and Date: 2009-11-29
• [Presentation] リスクファイナンスに関する諸問題の研究-ファイナイトリスクの功罪 (2009)
  • Author(s): 前田祐治
  • Organizer: 平成21年度日本保険学会(単著)
  • Place of Presentation: 龍谷大学
  • Year and Date: 2009-10-25
• [Presentation] 生命保険の流動化を促進する公正価格の算出 (2009)
  • Author(s): 久保英也
  • Organizer: 「経済経営リスクの日中比較」シンポジウム
  • Place of Presentation: 中国大連市東北財経大学
  • Year and Date: 2009-09-15
• [Presentation] Japanese Risk Management as a Product of Social Culture : With Special Reference to Insurance Companies (2009)
  • Author(s): 前田祐治, 酒井泰弘
  • Organizer: 21st Conference of PRSCO(Pacific Regional Science Conference Organization), International Conference at Conrad Jupiters, Gold Coast, Queensland, Australia
  • Year and Date: 2009-07-21
• [Presentation] リスクファイナンスの一考察:Finite Risk as a Risk Financing-Comparative Advantage on Loss Portfolio Transfer (2008)
  • Author(s): 前田祐治
  • Organizer: 日本リスク学会第21回年次大会
  • Place of Presentation: 関西大学
  • Year and Date: 2008-11-30
• [Presentation] 信用リスク構造型モデルの改善と示唆 (2008)
  • Author(s): 久保英也
  • Organizer: 日本リスク研究学会第21回年次大会
  • Place of Presentation: 関西大学
  • Year and Date: 2008-11-28
• [Presentation] ファイナイトリスクにおける日豪企業の国際リスクマネジメント比較分析‐9・11テロ事件に関わるリスクマネジメントの教訓から (2008)
  • Author(s): 前田祐治
  • Organizer: 日本地域学会第45回年次大会
  • Place of Presentation: はこだて未来大学
  • Year and Date: 2008-10-25
• [Presentation] 生命保険買取制度の価格評価 (2008)
  • Author(s): 久保英也
  • Organizer: 日本保険学会大会
  • Place of Presentation: 獨協大学
  • Year and Date: 2008-10-25
• [Presentation] 生命保険買取制度の価格評価 (2008)
  • Author(s): 久保英也
  • Organizer: 日本保険学会 全国大会
  • Place of Presentation: 独協大学
  • Year and Date: 2008-10-25
• [Book] リスクの経済思想 (2010)
  • Author(s): 酒井泰弘
  • Total Pages: 270
  • Publisher: ミネルバ書房
• [Book] 保険の独立性と資本市場との融合 (2009)
  • Author(s): 久保英也
  • Total Pages: 263
  • Publisher: 千倉書房
• [Remarks] ホームページ等