ARIA 2021 Annual Meeting

First Time Attendee Welcome and Information Session ⚑ 10:00am - 11:30am

1A2 Asset-Driven Insurance Pricing 10:45am - 12:15pm

1A1 Insurance Bundling and Market Power 10:45am - 12:15pm

1A3 Asset-Liability Management of Life Insurers in the Negative Interest Rate Environment 10:45am - 12:15pm

1B1 Enterprise Risk Management and Corporate Tax Avoidance 10:45am - 12:15pm

1B2 Financial Constraints and Risk Management in Small and Medium-Sized Enterprises 10:45am - 12:15pm

1D1 Are Health Insurance Marketplace Plans Subsidized by Off-marketplace Plans? 10:45am - 12:15pm

1E2 What matters in the annuitization decision? 10:45am - 12:15pm

1E1 Metamodeling for Variable Annuity Valuation What works and what does not 10:45am - 12:15pm

1C2 Effects of COVID-19 early release of pension funds: The case of Chile 10:45am - 12:15pm

1B3 Managerial Ability and the Success in Corporate Risk-Management: The Case of the Banking and... 10:45am - 12:15pm

1D2 Financial Impact of Health Promotion Medical Insurance on Economic Solvency Ratio 10:45am - 12:15pm

1D3 A Re-examination of Racial Health Disparities in the United States: Blinder-Oaxaca (B-O) vs.... 10:45am - 12:15pm

1C3 Determinants of Early-Access to Retirement Savings: Lessons from the COVID-19 Pandemic 10:45am - 12:15pm

1C1 The Financial Impact of COVID-19 on Publicly Traded Health Systems 10:45am - 12:15pm

1E3 It's RILA Time: An Introduction to Registered Index-Linked Annuities 10:45am - 12:15pm

2C2 Attributes-Based Conjoint Analysis of Landowner Preferences for Standing Timber Insurance 2:15pm - 3:45pm

2A2 Does Medicaid Make Private Health Insurance Cheaper? 2:15pm - 3:45pm

2C3 Risk-Taking At the Margins: Evidence from Simulated Auto Racing 2:15pm - 3:45pm

2E1 Sustainable Investing in the US and European Insurance Industry: A Text Mining Analysis 2:15pm - 3:45pm

2C1 Availability of the Gig Economy and Long Run Labor Supply Effects for the Unemployed 2:15pm - 3:45pm

2E2 Captive Insurance, Income Stability, and Firm Performance: Evidence from S&P Europe 350 Comp... 2:15pm - 3:45pm

2B1 Innovative Risk Transfer Solution for Extreme Events 2:15pm - 3:45pm

2D1 No-Betting Pareto Optima under Rank-Dependent Utility 2:15pm - 3:45pm

2A1 Tort Reform, Physician Remuneration Type, and Healthcare Expenditure 2:15pm - 3:45pm

2D3 A Model of Anchoring and Adjustment for Decision-Making under Risk 2:15pm - 3:45pm

2B2 Insurability of Pandemic Risks 2:15pm - 3:45pm

2E3 The Impact of a Commission Cap: Evidence from the German private health insurance market 2:15pm - 3:45pm

2B3 Enterprise Risk Management and Stock Market Reactions During the COVID-19 Pandemic 2:15pm - 3:45pm

2A3 Determinants and Consequences of Poor Decisions in Health Insurance 2:15pm - 3:45pm

Opening Ceremony &...

Business Meeting ⚑ 1:00pm - 2:00pm

1A Insurance Economics ⚑ (Moderator, James Garven, Baylor University) 10:45am - 12:15pm

2A Healthcare & Public Policy ⚑ (Moderator - Cameron Ellis, Temple University) 2:15pm - 3:45pm

1B Risk Management & Firm Performance ⚑ (Moderator - Thomas Berry-Stoelzle, University of I... 10:45am - 12:15pm

2B Catastrophic Risk- Transfers & ERM ⚑ (Moderator - Juan Zhang, Eastern Kentucky Universit... 2:15pm - 3:45pm

1C Financial Impact of Pandemics ⚑ (Moderator - Martin Eling, University of St. Gallen) 10:45am - 12:15pm

2C Estimations & Stimulations ⚑ (Moderator - Jill Bisco, The University of Akron) 2:15pm - 3:45pm

1D Healthcare & Insurance ⚑ (Moderator - Gene Lai, UNC Charlotte) 10:45am - 12:15pm

2D Risk & Utility ⚑ (Moderator - Charles Yang, Florida Atlantic University) 2:15pm - 3:45pm

1E Annuities ⚑ (Moderator - Tice Sirmans, Illinois State University) 10:45am - 12:15pm

2E International ⚑ (Moderator - Mark Browne, St. John's University) 2:15pm - 3:45pm

3A1 An empirical analysis of cyber risk data and development of cyber risk scenarios Cybersecuri... 9:00am - 10:30am

3B1 Fair Value versus Non-fair Value Discretion and Auditor Size 9:00am - 10:30am

3D2 The demand for longevity, health and long-term care insurance after COVID-19 9:00am - 10:30am

3A2 A Token Design for Decentralized Insurance on the Blockchain 9:00am - 10:30am

3C1 Why People Buy Insurance: A Modern Answer to an Old Question 9:00am - 10:30am

3C2 The Impact of Counterparty Risk on the Basis Risk of Industry Loss Warranties and on (Collat... 9:00am - 10:30am

3A3 Unraveling heterogeneity in cyber risks using quantile regressions 9:00am - 10:30am

3C3 Product differentiation and corporate demand for insurance in a duopoly model 9:00am - 10:30am

3D1 The Demand for Automobile Insurance: Evidence from Underserved Areas in California 9:00am - 10:30am

3B2 When gambling for resurrection is too risky 9:00am - 10:30am

3E3 Scope Economies in Commercial Health Insurance 9:00am - 10:30am

3D3 Does Investment-Induced Stress Drive Demand for Health Insurance? 9:00am - 10:30am

3E1 Estimating the Consumption Smoothing Effect of Health Insurance 9:00am - 10:30am

3B3 Patterns and Anomalies of Loss Development in P&C Insurance Market 9:00am - 10:30am

3E2 The Liquidity Sensitivity of Healthcare Consumption: Evidence from Social Security Payments 9:00am - 10:30am

4E1 Orthogonal reverse stress scenarios for portfolio risk measurement and management 10:45am - 12:15pm

4A1 (Re)Connecting Internationally as a Fulbright Scholar (TIME 10:45-11:30) 10:45am - 12:15pm

4A2 (Re)Connecting Internationally Post-Pandemic- China Greater Bay Area Risk Management Institu... 10:45am - 12:15pm

4D3 CEO political orientation, risk-taking and firm performance: Evidence from the US property-l... 10:45am - 12:15pm

4B3 Sales Tax and Arson 10:45am - 12:15pm

4E3 Sensitivity-implied tail-correlation matrices 10:45am - 12:15pm

4A3 (Re)Connecting Internationally- Shared Opportunities (TIME 11:45-12:15) 10:45am - 12:15pm

4B1 Insurance design and arson-type risks 10:45am - 12:15pm

4C1 Market Discipline and Policy Loans 10:45am - 12:15pm

4E2 Pareto-optimal Reinsurance with Default Risk and Solvency Regulation 10:45am - 12:15pm

4B2 Optimal insurance under moral hazard in loss reduction 10:45am - 12:15pm

4D2 Multimarket Competition, Price, and Product Innovation in the US Homeowners Insurance Market 10:45am - 12:15pm

4D1 Board Composition, Ownership Structure, and Cash Holdings: Evidence from the US Property-Cas... 10:45am - 12:15pm

4C2 Life insurance convexity 10:45am - 12:15pm

4C3 Lagging Behind or Being Shackled? An Empirical Analysis of the Pricing Behavior in the Germa... 10:45am - 12:15pm

Break Option: Textbooks and Professional Designa... 12:15pm - 1:00pm

5A1 Bye, Bye, Bye! A Reevaluation of the Impact of Natural Disasters and Regulation on US Proper... 2:30pm - 4:00pm

5B2 When is safety a normal good? 2:30pm - 4:00pm

5A2 Economic Recovery Following Disasters: The Roles of Disaster Aid and Insurance 2:30pm - 4:00pm

5C3 Household Labor Supply in a Pandemic 2:30pm - 4:00pm

5B1 Peer-to-Peer Risk Sharing with an Application to Flood Risk Pooling 2:30pm - 4:00pm

5B3 Persistent Private Information Revisited 2:30pm - 4:00pm

5C1 More than the sum of its visible parts: (re)insurance and climate adaptation 2:30pm - 4:00pm

5D3 Observations on Empirical Resarch involving Machine Learning 2:30pm - 4:00pm

5E3 Pricing of Climate Risk Insurance: Regulatory Frictions and Cross-Subsidies 2:30pm - 4:00pm

5E1 Assessing and Attributing Climate Change Response of US Insurance Firms 2:30pm - 4:00pm

5E2 Climate Risk and Institutional Investors: Evidence from the Insurance Industry 2:30pm - 4:00pm

5C2 Intrahousehold Risk Sharing: Evidence from Samburu County, Kenya 2:30pm - 4:00pm

Puttin' on the RITS Part 2: Planning and Discussion on 2021/2022 Priorities/Work... 4:45pm - 6:00pm

3A Cyber / Technology ⚑ (Moderator - Ben Collier, Temple University 9:00am - 10:30am

4A (Re)Connecting Post-Pandemic ⚑ (Moderator - Randy Dumm) 10:45am - 12:15pm

5A CAT Loss-Markets & Economics ⚑ (Moderator - Krupa Viswanathan, Temple University) 2:30pm - 4:00pm

3B Accounting & Firm Decisions ⚑ (Moderator - David Eckles, University of Georgia 9:00am - 10:30am

4B Insurance Economics ⚑ (Moderator - Patty Born, Florida State University) 10:45am - 12:15pm

5B Insurance Economics ⚑ (Moderator - Andreas Richter, LMU) 2:30pm - 4:00pm

3C Insurance Economics ⚑ (Moderator - Tim Boonen, University of Amsterdam) 9:00am - 10:30am

4C Life Insurance ⚑ (Moderator - David McCarthy, University of Georgia) 10:45am - 12:15pm

5C Risk and Market Economics ⚑ (Moderator - Casey Rothschild, Wellesley College) 2:30pm - 4:00pm

3D Insurance Demand ⚑ (Moderator - Yu Lei, University of Hartford) 9:00am - 10:30am

4D Insurance Operations & Oversight ⚑ (Moderator - Anastasia Ivantsova, University of Calga... 10:45am - 12:15pm

5D Operational Risk, Fraud, and Big Data ⚑ (Moderator- Randy Dumm, Temple University) 2:30pm - 4:00pm

3E Health Insurance-Private & Public ⚑ (Moderator - Jim Carson, University of Georgia) 9:00am - 10:30am

4E Risk & Sensitivity ⚑ (Moderator - Joerg Schiller, University of Hohenheim) 10:45am - 12:15pm

5E Climate Risk ⚑ (Moderator - Joan Schmit, Univ. of Wisconsin - Madison) 2:30pm - 4:00pm

6B2 Multiemployer Defined Benefit Pension Plans: Funding Rules and Employer Withdrawals 9:00am - 10:30am

6D1 Number of claims and number of near-misses for telematics pricing in automobile insurance 9:00am - 10:30am

6C3 Is Affordable Care too Affordable? 9:00am - 10:30am

6E2 Climate Change and Demand for Insurance: Evidence from the US Homeowners Insurance 9:00am - 10:30am

6C2 Classification risk in health insurance: The interaction of prevention and guaranteed renewa... 9:00am - 10:30am

6A3 Rate Regulation Revisited: Does Stringent Regulation Impact Insurance Prices? 9:00am - 10:30am

6A1 Regulatory Inconsistency and Shadow Insurance: The Impact of Solvency II on the US Insurance... 9:00am - 10:30am

6E3 Economic Transition and Insurance Market Development: Evidence from Post-Communist European... 9:00am - 10:30am

6D2 Multi-State Health Transition Modeling Using Neural Networks 9:00am - 10:30am

6D3 Mutual Risk Sharing and Fintech: The Case of Xiang Hu Bao 9:00am - 10:30am

6A2 Optimal Capital Structure under the Solvency II Regulation in the Presence of Subordinated D... 9:00am - 10:30am

6B1 Demand for reverse mortgages: Behavioral explanations 9:00am - 10:30am

6B3 Individual Health Insurance Reforms: Expanding Interstate Markets, Medicare for All, or Medi... 9:00am - 10:30am

6E1 Will Repeal of the Individual Mandate Exacerbate the Decline in Unsubsidized Enrollment in t... 9:00am - 10:30am

6C1 Spillover effect of long-term care insurance on family caregivers' labor supply 9:00am - 10:30am

Break 12:00pm - 1:00pm

7D1 Predicting Earnings Management from Qualitative Disclosures 1:00pm - 2:30pm

7C1 Hurricane Risk and Asset Prices 1:00pm - 2:30pm

7E1 Rank Portfolio Insurance Strategies: An Almost Stochastic Dominance Approach 1:00pm - 2:30pm

7B3 What to Offer If Consumers Do Not Want What They Need? A Simultaneous Evaluation Approach wi... 1:00pm - 2:30pm

7E2 Extreme price changes and individual forecasting behavior 1:00pm - 2:30pm

7C3 Common Risk Factors in the Cross-Section of Cat Bond Returns 1:00pm - 2:30pm

7D3 Measuring Managerial Discretion in the Insurance Industry 1:00pm - 2:30pm

7C2 No Shock Waves through Wall Street? Market Responses to the Risk of Nuclear War 1:00pm - 2:30pm

7B2 Going to the next level: On the effectiveness of a gamified course material to improve finan... 1:00pm - 2:30pm

7B1 Insurance Literacy is Different 1:00pm - 2:30pm

7E3 Pooling mortality risk in Eurozone state pension liabilities: an application of a Bayesian c... 1:00pm - 2:30pm

7D2 Does Earnings Reclassification Change Firm's Information Asymmetry? Evidence from Public Ban... 1:00pm - 2:30pm

Doctoral Student Workshop ⚑ 2:45pm - 4:00pm

Board Meeting: Conference Follow Up (By Invitati... 4:15pm - 5:00pm

6A Regulation ⚑ (Moderator - Jeff Czajkowski, National Association of Insurance Commissione... 9:00am - 10:30am

7A ARIA/RITS- Teaching Practices and Technology: Post-Pandemic; Moderator- Lori Medders ⚑ 1:00pm - 2:30pm

6B Retirement-Plans & Funding ⚑ (Moderator - Chuck Nyce, Florida State University) 9:00am - 10:30am

7B Insurance & Financial Literacy ⚑ (Moderator - Anne Kleffner, University of Calgary) 1:00pm - 2:30pm

6C Health Insurance & LTC ⚑ (Moderator - Cheng Wan, UNSW Sydney) 9:00am - 10:30am

7C Capital Markets & Catastrophes ⚑ (Moderator - Daniel Bauer, University of Wisconsin - Ma... 1:00pm - 2:30pm

6D Big Data & Technology ⚑ (Moderator - Andrew Hobbs, University of San Francisco) 9:00am - 10:30am

7D Earnings Management ⚑ (Moderator - David Sommer, St. Mary's University) 1:00pm - 2:30pm

6E Insurance Markets & Demand ⚑ (Moderator - Jingshu Luo, Le Moyne College) 9:00am - 10:30am

7E Forecasting, Pooling & Diversification ⚑ (Weili Lu, California State Univeristy-Fullerto... 1:00pm - 2:30pm