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GELİŞMİŞ VE YÜKSELEN EKONOMİLERDE EKONOMİK DALGALANMALARIN SİGORTA SEKTÖRÜNE DİNAMİK ETKİLERİ

Yıl 2017, Cilt 4, Sayı 2, 1 - 18, 30.07.2017

Öz

Çalışmada sigorta şirketlerinin pazar payı ile hayat ve hayat dışı sigorta primlerinin ekonomik faaliyet hacmindeki ciddi değişmelerden nasıl etkilendikleri araştırılmıştır. Gelişmiş ve yükselen ekonomilerden meydana gelen bir örneklem kullanılarak panel VAR modellerine dayalı analizler uygulanmıştır. Ulaşılan bulgular sigorta sektörünün ekonomik faaliyetlerdeki ciddi dalgalanmalardan olumsuz etkilendiği yönündedir. Genelde bu gibi şoklar krizleri takiben meydana geldiğinden, bu bulgular sigorta sisteminin krizlere karşı duyarlılığını da dolaylı olarak yansıtmaktadır. Sigorta sektöründeki şokların da ekonomiye yansımaları olabileceği yönünde bulgulara ulaşılmıştır. Ancak bunlar diğer bulgular kadar güçlü değildir. 

Kaynakça

  • Acharya, V.V., Biggs, J., Richardson, M. ve Ryan, S. (2009), “On the Financial Regulation of Insurance Companies”, NYU Stern School of Business, August. Acharya, V.V. ve Richardson, M. (2014), “Is the Insurance Industry Systemically Risky?”, in Modernizing Insurance Regulation (eds J. H. Biggs and M. P. Richardson), John Wiley & Sons, Inc., Hoboken, NJ, USA., 151-179. Anderson, S. (2013). “A History of the Past 40 Years in Financial Crises”, International Financing Review Special Report, Thomson Reuters. September, 48-52. Baluch, F., Mutenga, S. ve Parsons, C. (2011), “Insurance, Systemic Risk and the Financial Crisis”, Geneva Papers, 36, 126-163. Bernoth, K. ve Pick, A. (2011), “Forecasting the Fragility of the Banking and Insurance Sectors”, Journal of Banking and Finance, 35, 807-818. Bijlsma, M. ve Vermeulen, R. (2015) “Insurance Companies' Trading Behaviour during the European Sovereign Debt Crisis: Flight Home or Flight to Quality?” DeNederlandscheBank Working Papers, No. 468, March. Breitung, J. (2000). “The Local Power of Some Unit Root Tests for Panel Data”, Advances in Econometrics, Volume 15: Nonstationary Panels, Panel Cointegration, and Dynamic Panels, Ed. B. H. Baltagi, Amsterdam: JAY Press, 161–178. Canova, F. ve Ciccarelli, M. (2014). “Panel Vector Autoregressive Models: A Survey”, Advances in Econometrics, 32, 205-246. Chakraborty, D. (2010), “Global Financial Crises, India and Insurance and Pension Industry: Why and What Next”, Institute of Actuaries on India, 12th Global Conference of Actuaries, 18-19 February 2010, Mumbai. Chen, M.C., Chang, C.C.; Lin, S.K. ve Shyu, S.D. (2010), “Estimation of Housing Price Jump Risks and Their Impact on the Valuation of Mortgage Insurance Contracts”, Journal of Risk and Insurance, 77(2), 399-422. Chen, R. ve Wong, K.A. (2004), “The Determinants of Financial Health of Asian Insurance Companies”, Journal of Risk and Insurance, 71(3), 469-499. Choi, I. (2001). “Unit Root Tests for Panel Data”, Journal of International Money and Finance, 20(2): 249–272. Cummins, J.D. ve Weiss, M.A. (2009), “Convergence of Insurance and Financial Markets: Hybrid and Securitized Risk-Transfer Solutions”, Journal of Risk and Insurance, 76(3), 493- 545.

DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES

Yıl 2017, Cilt 4, Sayı 2, 1 - 18, 30.07.2017

Öz

In the study, it was investigated how the insurance companies' market share and life and non- life insurance premiums are affected by the serious changes in the volume of economic activity. Analyzes based on panel VAR models have been performed using a sample collected from developed and emerging market economies. The findings indicate that insurance industry are adversely affected by serious fluctuations in economic activities. Since such shocks generally follow the crisis, these findings indirectly reflect the sensitivity of the insurance system to crises. Findings also show that shocks in the insurance sector may be the reflections of the economy. But these are not as strong as the other findings. 

Kaynakça

  • Acharya, V.V., Biggs, J., Richardson, M. ve Ryan, S. (2009), “On the Financial Regulation of Insurance Companies”, NYU Stern School of Business, August. Acharya, V.V. ve Richardson, M. (2014), “Is the Insurance Industry Systemically Risky?”, in Modernizing Insurance Regulation (eds J. H. Biggs and M. P. Richardson), John Wiley & Sons, Inc., Hoboken, NJ, USA., 151-179. Anderson, S. (2013). “A History of the Past 40 Years in Financial Crises”, International Financing Review Special Report, Thomson Reuters. September, 48-52. Baluch, F., Mutenga, S. ve Parsons, C. (2011), “Insurance, Systemic Risk and the Financial Crisis”, Geneva Papers, 36, 126-163. Bernoth, K. ve Pick, A. (2011), “Forecasting the Fragility of the Banking and Insurance Sectors”, Journal of Banking and Finance, 35, 807-818. Bijlsma, M. ve Vermeulen, R. (2015) “Insurance Companies' Trading Behaviour during the European Sovereign Debt Crisis: Flight Home or Flight to Quality?” DeNederlandscheBank Working Papers, No. 468, March. Breitung, J. (2000). “The Local Power of Some Unit Root Tests for Panel Data”, Advances in Econometrics, Volume 15: Nonstationary Panels, Panel Cointegration, and Dynamic Panels, Ed. B. H. Baltagi, Amsterdam: JAY Press, 161–178. Canova, F. ve Ciccarelli, M. (2014). “Panel Vector Autoregressive Models: A Survey”, Advances in Econometrics, 32, 205-246. Chakraborty, D. (2010), “Global Financial Crises, India and Insurance and Pension Industry: Why and What Next”, Institute of Actuaries on India, 12th Global Conference of Actuaries, 18-19 February 2010, Mumbai. Chen, M.C., Chang, C.C.; Lin, S.K. ve Shyu, S.D. (2010), “Estimation of Housing Price Jump Risks and Their Impact on the Valuation of Mortgage Insurance Contracts”, Journal of Risk and Insurance, 77(2), 399-422. Chen, R. ve Wong, K.A. (2004), “The Determinants of Financial Health of Asian Insurance Companies”, Journal of Risk and Insurance, 71(3), 469-499. Choi, I. (2001). “Unit Root Tests for Panel Data”, Journal of International Money and Finance, 20(2): 249–272. Cummins, J.D. ve Weiss, M.A. (2009), “Convergence of Insurance and Financial Markets: Hybrid and Securitized Risk-Transfer Solutions”, Journal of Risk and Insurance, 76(3), 493- 545.

Ayrıntılar

Bölüm Makaleler
Yazarlar

Necla TUNAY>


Batu TUNAY>

Yayımlanma Tarihi 30 Temmuz 2017
Başvuru Tarihi 30 Temmuz 2017
Kabul Tarihi 4 Haziran 2017
Yayınlandığı Sayı Yıl 2017, Cilt 4, Sayı 2

Kaynak Göster

Bibtex @araştırma makalesi { iuipad331719, journal = {Journal of Economic Policy Researches}, eissn = {2148-3876}, address = {}, publisher = {İstanbul Üniversitesi}, year = {2017}, volume = {4}, number = {2}, pages = {1 - 18}, title = {DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES}, key = {cite}, author = {Tunay, Necla and Tunay, Batu} }
APA Tunay, N. & Tunay, B. (2017). DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES . Journal of Economic Policy Researches , 4 (2) , 1-18 . Retrieved from https://dergipark.org.tr/tr/pub/iuipad/issue/30697/331719
MLA Tunay, N. , Tunay, B. "DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES" . Journal of Economic Policy Researches 4 (2017 ): 1-18 <https://dergipark.org.tr/tr/pub/iuipad/issue/30697/331719>
Chicago Tunay, N. , Tunay, B. "DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES". Journal of Economic Policy Researches 4 (2017 ): 1-18
RIS TY - JOUR T1 - GELİŞMİŞ VE YÜKSELEN EKONOMİLERDE EKONOMİK DALGALANMALARIN SİGORTA SEKTÖRÜNE DİNAMİK ETKİLERİ AU - NeclaTunay, BatuTunay Y1 - 2017 PY - 2017 N1 - DO - T2 - Journal of Economic Policy Researches JF - Journal JO - JOR SP - 1 EP - 18 VL - 4 IS - 2 SN - -2148-3876 M3 - UR - Y2 - 2017 ER -
EndNote %0 İktisat Politikası Araştırmaları Dergisi DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES %A Necla Tunay , Batu Tunay %T DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES %D 2017 %J Journal of Economic Policy Researches %P -2148-3876 %V 4 %N 2 %R %U
ISNAD Tunay, Necla , Tunay, Batu . "DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES". Journal of Economic Policy Researches 4 / 2 (Temmuz 2017): 1-18 .
AMA Tunay N. , Tunay B. DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES. JEPR. 2017; 4(2): 1-18.
Vancouver Tunay N. , Tunay B. DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES. Journal of Economic Policy Researches. 2017; 4(2): 1-18.
IEEE N. Tunay ve B. Tunay , "DYNAMIC EFFECTS OF ECONOMIC FLUCTUATIONS ON THE INSURANCE SECTOR IN DEVELOPED AND EMERGING ECONOMIES", Journal of Economic Policy Researches, c. 4, sayı. 2, ss. 1-18, Tem. 2017