Concurrent Sessions

Concurrent Sessions A

Monday, August 5 | 10:15am - 11:45am

A1 Longevity Risk & Tontines

  • Adverse Selection in Tontines                               
    • Nan Zhu, Penn State University
  • Risk Aversion and Longevity Risk Transfers: Reinsurance vs. Capital Market Solutions                                                                       
    • HONG LI, University of Guelph
  • Individuals' Demand for Retirement Plans       
    • Prof. Dr. Manuel Rach, Institute of Insurance Economics, University of St. Gallen

A2 Behavioral

  • Reference-Dependent Preferences: Evidence on Risk-Taking from Simulated Auto Racing
    • Annette Hofmann, University of Cincinnati
  • Risk Management and the Autonomy of Labor
    • Andreas J. Dambaur, Ludwig-Maximilians-Universität München
  • The Right to Be Forgotten in Insurance: Consumer Perceptions, Perceived Price Fairness and Willingness-to-Pay
    • Felix Feig, Institute of Insurance Economics, University of St. Gallen

A4 Aging and Risk

  • Changes in Willingness to Take Risks in the Golden Years
    • Taylor Graciano, University of Georgia
  • ‘Til Death Do Us Part: Widowhood and Healthcare Utilization
    • Taylor Graciano, University of Georgia
  • Older Americans and Life Insurance: Rationalizing Demand and Understanding Payout Utilization Among Surviving Spouses
    • SooJin Park, University of Wisconsin - Madison

A5 Health and Governance

  • Interconnected Excellence: Co-authorship Networks, Research Performance and Job Change among Risk, Insurance and Actuarial Scholars
    • Yijia Lin, University of Nebraska Lincoln
  • Pandemic Awakens Health Risk Awareness: Evidence from Insurtech Platform
    • Chang Zhang, PKU
  • The Impact of Retirement Benefit Cuts: Evidence from a Natural Experiment in Pension Reform
      • Yen-Chih Chen, Feng Chia University

A6 Claims and distribution

  • Claims Adjudication, Insurance Distribution Channel, and Customer Satisfaction
    • David Pooser, East Carolina University
  • Determinants of Claims Investigation Actions in Private Health Insurance
    • Gene Lai, The University of North Carolina at Charlotte
  • Terms of Service: Impact of Distribution Channel on the Surrender Rate among Life Insurance Policyholders in Taiwan
    • Carol Troy, Tunghai University

Concurrent Sessions B

Monday, August 5 | 1:45pm - 3:15pm

B1 Pension Funding Issues

  • How Does Financial Expertise on Corporate Pension Committee Affect Pension Funds’ Risky Asset Allocation?
    • Youngkyun Park, University of Idaho
  • Can you see state and local pension deficits from space?
    • Po-Lin Wang, University of South Flordia
  • Welfare Effect of Uniform Variable Annuities for Individuals with Different Education Levels
    • Jun-Hee An, Tilburg University

B2 Disaster relief

  • After the Storm: How Emergency Liquidity Helps Small Businesses Following Natural Disasters
    • Benjamin Collier, Temple University
  • Driving up flood risks? Examining vehicle flood exposure, vulnerability, and related disaster assistance outcomes in the United States
    • Steven Koller, University of Miami
  • The Effect of Disaster Relief on Flood Insurance Demand in Germany
    • Frederick Schuh, Universität zu Köln

B3 Insurance Market Theory

  • Bundling in Insurance Markets: Theory and an Application to Long-term Care
    • Adam Solomon, Massachusetts Institute of Technology
  • Information Design in Insurance Markets
    • Niklas Haeusle, University St. Gallen
  • How loss reduction costs and testing for severity risk affect insurance decisions
    • Kar Man Tan, University of Frankfurt am Main

B4 Moral Hazard

  • Information Asymmetry and Insurance Broker
    • Dingchen Ning, Institute of Insurance Economics, University of St. Gallen
  • Experience Rating and Moral Hazard in Auto Insurance Markets
    • Honglin Li, UW-Madison
  • Pay-As-You-Drive Insurance: Market Segmentation and Environmental Benefits
    • Dr. Frank Yulin Feng, Ph.D., Shanghai University of Finance and Economics

B5 Capital Structure

  • The impact of internal capital markets on market exit and entry decisions: Evidence from the insurance industry
    • Patrick Cho, National Association of Insurance Commissioners
  • ARIA Risk Management, Target Capital Structure, and its Deviations: Evidence from the Insurance Industry.docx
    • Xiaoyi Li
  • M&As and Internal Capital Market: Evidence from the U.S. Property-Liability Insurance Industry
    • Juan Zhang, Eastern Kentucky University

B6 Healthcare and Health Insurance

  • Risk Corridors in Medicare Part D: Financial Risk Sharing or Profit Limiting Mechanism?
    • Paul HS Kim, Michigan State University
  • Your Plan or Your Provider? The Anatomy of a Network Break in Medicare Advantage
    • Grace McCormack, University of Southern California
  • Cost Uncertainty and Hospital Investment Decisions: Evidence from Trauma Centers
    • Meghan Esson, The University of Iowa

Concurrent Sessions C

Monday, August 5 | 3:30pm - 5:00pm

C1 Catastrophe Risk Behavior

  • Premium subsidy designs for underinsured perils
    • Tim Philippi, University of Hohenheim
  • Can investment views explain why people insure their cell phones but not their homes? - A new perspective on the catastrophe insurance puzzle
    • Annette Hofmann, University of Cincinnati
  • Adapting to Risk: How Work-From-Home Practices Shape Responses to Weather Advisories
    • Joyce (Xiao) Lin, St. John's University

C2 Health Insurance Markets

  • Government Involvement in a Mandated Insurance Market: The Case of Workers’ Compensation Insurance
    • Tyler Q. Welch, University of Wisconsin - Madison
  • Did the ACA Inject a Healthy Dose of Discipline in the US Health Insurance Market?
    • Joshua D. Frederick, Georgia Southern University
  • Premium Subsidy vs. Reinsurance Subsidy Under Financial Frictions: Evidence from Health Insurance Markets
    • Paul HS Kim, Michigan State University

C3 Systemic Risk

  • Impact of Catastrophe Events on the Systemic Risk of Insurers
    • Xinjie Ge, School of Economics, Peking University
  • Systemic Risk of Systemically Important Financial Institutions in the Post-2008 Global Financial Crisis Era: A Tail Risk Network Approach
    • Dr. Tao Sun
  • The Effect of Governmental Disaster Relief on Individuals’ Incentives to Mitigate Losses
    • Tobias Huber, School of Risk and Actuarial Studies, Business School, UNSW Sydney

C4 ESG

  • Experimental Evidence on the Willingness to Pay for Insurance with Sustainability Components
    • Timo Greve, University of Hamburg
  • Corporate ESG performance and business efficiency: Evidence from the Korean insurance industry
    • Kwangmin Jung, POSTECH

C5 Insurer Operations

  • Financial Reporting and Firm's Investment Strategy: Evidence From the U.S. Insurance Industry
    • Dan Yang, Troy University
  • Uncertainty and Managerial Discretion: Evidence from Insurance Rate Filings
    • Jingshu Luo, University of Mississippi
  • Insurer Start-Up Survival
    • Dana Telljohann, Florida State University

C6 Derivatives and Insurance

  • Flood Risk Premia in CDS Spreads
    • Federico Pedretti, Institute of Insurance Economics, University of St. Gallen
  • Insurer Hedging and Index Option Prices
    • Manuel Mezger, Institute of Insurance Economics, University of St. Gallen
  • Risk Valuation with Option Pricing
    • Marcel Freyschmidt, University of St. Gallen

Concurrent Sessions D

Tuesday, August 6 | 10:15am - 11:45am

D1 Life insurance and annuity choices

  • Trends in Life Annuity Choices by TIAA Participants, 2000 to 2022
    • Brent Davis, TIAA
  • Revisiting Selections in Life Insurance
    • Ai Meitong, PhD candidate, Peking University
  • Determinants and Implications of the US Insurers’ Voluntary Termination Rates
    • Chenghsien Jason Tsai, National Chengchi University

D2 ERM

  • A Text-Based Measure of Corporate Risk Management
    • Po-Lin Wang, University of South Flordia
  • Enterprise Risk Management, External Financing and Corporate Investment
    • Xin Che, Cal State Fullerton
  • Product Market Competition and Portfolio Choice: Evidence from the U.S. Property-Liability Insurance Industry
    • Jeungbo Shim, University of Colorado Denver

D3 Big data and resilience

  • Building Disaster Resilience: Leveraging High-Resolution Weather Data in Index Insurance
    • Shimeng Huang, University of Wisconsin - Madison
  • Satellite-Based Measurement of Urban Household Living Standards
    • Prerna Mishra, Georgia State University
  • Forecast Improvements and the Demand for Market Insurance
    • Vaibhav Anand, St. John’s University

D4 Risk and Insurance Teaching Society (RITS)

  • How to Use AI for Insurance Education
    • Martin Eling, University of St. Gallen
  • Using Generative AI as a Teaching Tool
    • James Hilliard, Temple University
  • Integrating ChatGPT with Role-Play Simulations for Climate Risk Management Education
    • Xiao Xu, University of New South Wales

D5 Cyber Risk

  • The Trends and Determinants of Cyber Loss Event on U.S. Insurers
    • Jeffrey Czajkowski, NAIC
  • Cyber Risk Taxonomies: Statistical Analysis of Operational Cybersecurity Risk Classifications
    • Matteo Malavasi, School of Risk and Actuarial Studies, Business School, UNSW Sydney
  • Moral hazard with interdependent risks: The effect of ex-post effort verification in cyber insurance
    • Elisabeth Stöckl, LMU Munich School of Management, MRIC

D6 Renewal behavior

  • Behavioral Frictions in Private Health Insurance Market: What does an Automatic Renewal Do?
    • Yin Ye, Peking University
  • Why additional early reminders don’t work? The anticipation of future reminders and procrastination on insurance renewal
    • Jiacheng Liu, Peking University
  • Unintended effects of the pandemic on health insurance lapse: the role of narrow framing
    • Zining Liu, PhD, Central University of Economics and Finance

Concurrent Sessions E

Tuesday, August 6 | 1:45pm - 3:15pm

E1 Demand for annuities

  • Annuity Trial Periods: Overcoming Annuity Hesitancy?
    • Brent Davis, TIAA
  • The Value of Health and Longevity with Stochastic Health Risk and Partial Annuitization
    • Xiaoyu Song, University of Wisconsin - Madison
  • How Do Health Insurance Costs Affect Low- and High-Income Workers?
    • Shan Ge, New York University

E2 Insurance Groups

  • Subsidised Illiquidity Insulators - The Effect of FHLB Membership on Life Insurers’ Strategic Asset Allocation
    • Manuel Mezger, Institute of Insurance Economics, University of St. Gallen
  • Structure and Complexity of Global Insurance Groups
    • Artur Dobysh, University of St. Gallen
  • The Issuance and Consequences of Surplus Notes in the U.S. Property-Casualty Insurance Industry
    • David Pooser, East Carolina University

E3 P&C Insurance Markets

  • The Economics of Travel Insurance
    • Rob Hoyt, University of Georgia
  • The Impact of Surplus Lines and Admitted Affiliation on Risk Taking
    • Boyi Zhuang, The University of Alabama
  • How do Insurers differ from Banks in Syndicated Loan Markets?
    • Min-Teh Yu, National Tsing Hua University

E4 Risk and Insurance Teaching Society (RITS)

  • Risk Engineering  for Risk Mitigation Pedagogy
    • Pamela Hurley, University of Houston Downtown
  • From Basics to Boardroom: An Innovative Approach to ERM Education
    • Randy Dumm, University of South Florida; Leo Külpp, LMU

  • Teaching Risk-Retention Trade-offs using an Inventory Control Model 
    • Puneet Prakash, Missouri State University

E5 Information and Compliance

  • Compliance in a Regulatory Setting: A Further Investigation of Transparency
    • Patricia Born, PhD
  • Risk Microstructure, Risk-Prediction Technology, and Insurance
    • Jieyu Lin, Lingnan University
  • The Usefulness of Increased Disclosures for Complex Estimates
    • Evan Eastman

E6 Life and Health Decisions

  • Migration Incentives and Elderly Health: Evidence from the Hukou Reforms in China
    • Haotian Zhang, School of Economics, Peking University
  • Does a universal health insurance program mitigate intergenerational health persistence? Evidence from rural China
    • Tong Hui, Peking University
  • Life insurance, decision making and impacts on a life-cycle economy
    • Hangsuck Lee, Sungkyunkwan University

Concurrent Sessions F

Wednesday, August 7 | 8:30am - 10:00am

F1 Innovation

  • Innovative Pathways in Africa: Navigating the Relationship between Innovation and Insurance through Linear and Non-linear Lenses
    • Sylvester Senyo Horvey, University of the Witwatersrand
  • Risk underwriting in Decentralized Finance (DeFi): Market stability under prediction market structures (Executive Summary)
    • Felix Bekemeier, University of Basel
  • Insurance in the Digital Age: On the Drivers of Smart Home Insurance Demand
    • Angela Zeier Roeschmann, ZHAW School of Management and Law

F2 Investments and Demand for Insurance

  • How Is the Performance of Institutional Investors: Evidence from the Private Equity Infrastructure Fund
    • Kelly Edmiston, NAIC
  • Insurance as Anxiety Antidote? Preference for Uncertainty Resolution and Insurance Demand
    • Felix Maximilian Walthes, Institute of Insurance Economics, University of St. Gallen
  • What Causes the Disposition Effect? A Model-Independent Analysis
    • Dr. Johannes Maier, LMU Munich and MRIC

F3 Insurance Pricing Strategy

  • Ownership Form, Rate Regulation, and Insurance  Companies' Rate Filing Patterns
    • Siegfried Anyomi, University of Iowa
  • Are Insurance Prices Always Forward Looking? Evidence from the 2011 Catastrophic Tornadoes
    • Boyi Zhuang, The University of Alabama
  • Interest Rates, Asset Duration, and P&C Insurers Product Pricing
    • Mohammad Soltaninejad, Temple University (Doctoral Student)

F4 Climate Change

  • Climate Risk in Insurers’ Municipal Bond Holdings
    • Boheng Su
  • The Role of Climate Change Concerns and Firm ESG Performance in Pricing Weather-Related Natural Catastrophes: Evidence from the Catastrophe Bond Market
    • Dr. Tao Sun

F5 Capital structure and regulation

  • Regulatory Reform and Resilience: The Effect of Certified Reinsurer Programs on U.S. Insurance Markets
    • Vaibhav Anand, St. John’s University
  • Reinsurance, CAT Bonds and Capital Structure
    • Xiaoyi Li
  • Regulatory Pressure and Company Returns: An Empirical Analysis of the P&C Insurance Industry
    • Justin Waller, University of Georgia

F6 Health and Health Insurance

  • Empowering Portfolios: Health Insurance Ownership and Financial Risk Taking in South Korea
    • Hyejeong Mun, Seoul National University and Korea Insurance Research Institute
  • Health Expenditure Decisions and China’s Urban-Rural Inequality in Health: A Structural Analysis based on Life Cycle Model
    • Yirong Wang, Central University of Finance and Economics
  • Longevity Shocks and Household Portfolios
    • Julia Braun, University of St.Gallen

Concurrent Sessions G

Wednesday, August 7 | 10:30am - 12:00pm

G1 Flood Insurance

  • From Perception to Protection: Field-level Evidence on Determinants of Flood Insurance Uptake
    • Lalita Adhikari, University of Georgia
  • U.S. Households' Responses to Insurance Premium Change
    • Jiyoung Lee, Temple University (Doctoral Student)

G2 Life Insurer Operations

  • Life Insurance Portfolio Optimization
    • Che-Pin Chen, National Chengchi University
  • Life Insurers, Asset Managers, and Regulations
    • Kyeonghee Kim, Florida State University College of Business
  • Market Discipline in Life Insurance: Does Public Risk Disclosure Encourage Less Risky Management Actions?
    • Moritz Hanika, Friedrich-Alexander University Erlangen-Nürnberg (FAU)

G3 Insurance Pricing

  • Extreme Driver Detection via Machine Learning
    • Yu-Ying Tzeng, National Chengchi University
  • Stochastic Dominance and Financial Pricing in Peer-to-Peer Insurance
    • Markus Huggenberger, University of St. Gallen
  • The Effects of Consumer Litigation Finance on Insurance Pricing
    • Jinjing Wang

G4 Cyber Risk

  • Firm-specific and time-variant effects on cyber risks
    • Jaehun Cho, POSTECH
  • Five Sector Cyber Risk Model
    • Marcel Freyschmidt, University of St. Gallen

G5 Catastrophe Insurance Markets

  • Physical Climate Risk Factors and an Application to Measuring Insurers’ Climate Risk Exposure
    • Shan Ge, New York University
  • Climate Change and Cost of Equity Capital for Property Liability Insurers
    • Yayuan Ren, Illinois State University
  • What is Driving Insurers out of Property Markets? An Empirical Analysis
    • Dana Telljohann, Florida State University

Event Mobile App & Printed Program Book

  • ARIA uses Whova as its mobile app for Annual Meeting. Access to that will be provided to all attendees closer to the event.
  • A program book will also be created. Some printed copies will be available at the check-in area, and a PDF version will be posted here