期刊Risk Management and Insurance Review 2025年28卷第4期目录及摘要｜保险学术前沿

Core Insights - The insurance industry is facing challenges such as interconnected claims events and consumer perceptions of unfair premium pricing, which undermine market trust. Insurers must transform around the principles of resilience, risk reconceptualization, and reinvention [2][16]. Group 1: Insurance Market Challenges - Insurers are encountering difficulties due to modern risks that are human-made, globally interconnected, and unpredictable, leading to correlated claims [14][16]. - The perception of unfair pricing among consumers is increasing, which weakens trust in the insurance market [15][16]. Group 2: Simplified Loss Settlement Logic - Property and Casualty (P&C) products with simplified loss settlement logic can reduce insurers' combined ratios by up to five percentage points, benefiting from lower underwriting and claims administration costs [2][8]. - However, these products introduce basis risk for policyholders, and willingness to pay for such insurance products shows no significant difference compared to traditional indemnity insurance [7][8]. Group 3: Reserve Management and Internal Incentives - Internal tournament incentives are positively related to reserve errors, indicating that larger tournament prizes lead to more conservative loss-reserve management [5][6]. - The positive effect of these incentives on conservative reserve management is more pronounced in insurers with higher return volatility and a greater ratio of claim loss reserves to total liabilities [5][6]. Group 4: Long-Term Care Insurance Dynamics - The proportion of long-term care expenditure insured decreases with age, and individuals may sell assets to maintain consumption levels when facing health shocks [9]. - An increase in interest rates can significantly reduce insurance coverage, a factor that has been overlooked in existing literature [9]. Group 5: Mergers and Acquisitions in Insurance - There has been a notable difference in mergers and acquisitions (M&As) between life and non-life insurers in the U.S. post-2012, attributed to the low interest rates following the Fed's quantitative easing policy [10][11]. Group 6: IoT and Connected Insurance - The adoption of IoT technologies in insurance is expanding, enabling connected insurance offerings that generate observable risk data and support preventive services [12][13]. - This evolution complicates the cost-benefit structure and introduces new drivers of insurance demand, such as technology affinity and willingness to share data [12][13].