Significant Factors of Aviation Insurance and Risk Management Strategy: An Empirical Study of Taiwanese Airline Carriers

Aviation insurance premiums have become a heavy burden for the airline industry since September 11, 2001. Although the industry must constantly balance its operations between profitability and safety, the reality is that airlines are in the business of making money. Therefore, their ability to reduce cost and manage risk is a key factor for success. Unlike past research, which used subjective judgment methods, this study applied quantitative historical data (1999–2000) and gray relation analysis to identify the primary factors influencing ratemaking for aviation insurance premiums. An empirical study of six airlines in Taiwan was conducted to determine these factors and to analyze the management strategies used to deal with them. Results showed that the loss experience and performance of individual airlines were the key elements associated with aviation insurance premiums paid by each airline. By identifying and understanding the primary factors influencing ratemaking for aviation insurance, airlines will better understand their relative operational strengths and weaknesses, and further help top management identify areas for further improvement. Knowledge of these factors combined with effective risk management strategies, may result in lower premiums and operating costs for airline companies.     

Implied Preference for Seismic Design Level and Earthquake Insurance

Seismic risk can be reduced by implementing newly developed seismic provisions in design codes. Furthermore, financial protection or enhanced utility and happiness for stakeholders could be gained through the purchase of earthquake insurance. If this is not so, there would be no market for such insurance. However, perceived benefit associated with insurance is not universally shared by stakeholders partly due to their diverse risk attitudes. This study investigates the implied seismic design preference with insurance options for decisionmakers of bounded rationality whose preferences could be adequately represented by the cumulative prospect theory (CPT). The investigation is focused on assessing the sensitivity of the implied seismic design preference with insurance options to model parameters of the CPT and to fair and unfair insurance arrangements. Numerical results suggest that human cognitive limitation and risk perception can affect the implied seismic design preference by the CPT significantly. The mandatory purchase of fair insurance will lead the implied seismic design preference to the optimum design level that is dictated by the minimum expected lifecycle cost rule. Unfair insurance decreases the expected gain as well as its associated variability, which is preferred by risk-averse decisionmakers. The obtained results of the implied preference for the combination of the seismic design level and insurance option suggest that property owners, financial institutions, and municipalities can take advantage of affordable insurance to establish successful seismic risk management strategies.     

先进制造业基本特征刍议

本文结合当今先进制造业已具备的几个基本特征分析了我国制造业发展中存在的一些问题 ,并对如何解决这些问题提出了自己的观点与见解     

基于核心能力的企业过程再造

阐述了企业过程再造(BPR)和核心能力的内涵及本质,分析了核心过程与核心能力二者之间的关系,指出企业过程再造不能脱离核心能力这一本质,BPR本质上应该是基于核心能力的再造。给出了基于核心能力实施BPR的6个具体步骤:即识别核心能力,识别核心过程,定义经营业绩,找出问题,确定方案和实施方案。     

非典与中国的电子商务

探讨了非典对于中国电子商务的影响以及电子商务在此期间发挥出的作用、存在的不足，进而提出了关于如何促进中国电子商务进一步发展的思考和建议．     

我国医疗社会保险的体系及存在问题

随着中国加入WTO ,社会保障事业开始与世界接轨。其中的一个重要问题就是社会医疗保险制度的改革及确立。在建立和完善社会医疗保险制度的过程中 ,遇到很多问题 ,还有很多内容需要从理论和实践两方面进行探索。     

Deposit Insurance,Institutions, and Bank Interest Rates

Many recent institutional reforms of the financial system have relied on the introduction of an explicit scheme of deposit insurance. This instrument aims at two main targets, contributing to systemic stability and protecting depositors. However, it may also affect the interest rate spread in the banking system, which can be viewed as an indicator of either inefficiency or market power in this financial segment. This paper provides an empirical investigation of the effect of deposit insurance and other institutional and economic variables on bank interest rates across countries. We find that deposit insurance increases the lending–deposit spread in banking. The main effect seems to arise not from the deposit side though, but from an increase in the lending rate. We interpret this result as evidence of the presence of moral hazard problems related to this instrument. We also find that higher quality of institutions is associated with lower spreads, thus contributing to eroding sources of market power in the banking sector.     

中国电子商务的社会环境分析

近十年来,电子商务在全球范围内取得了巨大的发展,逐渐成为一种新型的商务模式,中国的电子商务在经历了一段时间的发展之后,已具备了一定的基础设施环境和技术环境,但在社会环境方面十分薄弱,文章分析了中国在政策和法规、网络消费习惯、信用体系等社会环境方面的现状,指出了目前中国电子商务发展在人才、管理、国民的知识素质、网络消费意识和企业、个人、社会信用等方面的制约因素,最终提出了相应的对策建议。     

论我国商业银行兼营证券业的法律监管

我国商业银行兼营证券业是大势所趋,混业经营所引发的利益冲突将带来一系列的问题,这必将给我国金融监管主体带来新的挑战。与此同时,我国现行金融监管的一些制度缺陷也将呈现出来。对此,从加强银行内部控制和提高外部监管两个方面提出对策,以防范和化解金融风险。     

买卖合同中的风险转移制度研究

在买卖合同中,风险应被限定为标的物因法定免责事由毁损、灭失的不利状态.由于各种风险的存在,风险转移制度显得尤为重要,它直接关系到当事人最根本的利益,因此是买卖合同中最重要的问题.各国对风险转移制度的规定是不同的,主要有合同订立主义、所有人主义及交付主义三种形式.我国买卖合同的风险转移制度采纳交付主义为一般原则,兼采特别法原则.