2005 Fiscal Year Final Research Report Summary

The Innovation of Insurance Business

Research Project

Project/Area Number	16530281
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Commerce
Research Institution	Yamaguchi University
Principal Investigator	ISHIDA Shigenori Yamaguchi University, Professor, 経済学部, 教授 (50232301)
Project Period (FY)	2004 – 2005
Keywords	trade insurance / structured finance / derivative of insurance / innovation of financial technology / integration / securitization / finite / captive
Research Abstract	Foreign Big Projects in Developing Countries are financed mainly by Syndicate Loan, supported by trade insurance. Recently, the budget of such insurance have gone to be bankruptcy nearly, such insurance have been privatized and the function of Japanese Government have been moving to private institutions. We scrutinize the structure of project finance and the proper role of such institutions, e.g. banks and insurance companies, when foreign big project will be planned and excised. Especially, under the situation the integration of finance and risk management, we conclude that insurance companies play a role of the adviser to the projects and finance them through the securitization of the insurance risks properly.

(4 results)