|
|
Thursday, May 4, 2006
|
08:00 |
Registration
Continental Breakfast
|
|
08:20 |
Welcoming Remarks
J. David Cummins, Harry J. Loman Professor, The Wharton
School
Georges Dionne, Canada Research Chair in Risk
Management, HEC Montréal
|
|
|
Moderator: J. David Cummins |
|
08:30 |
Opening Keynote Address
Kenneth Froot, Andre R. Jakurski Professor of Business
Administration, Harvard University
|
|
|
Session 1: Efficiency and Productivity
Moderator: J. David Cummins |
|
09:15 |
Efficiency of Insurance
Firms with Endogenous Financial and Risk Management Activities
Authors: J. David Cummins, The
Wharton School
Georges Dionne, HEC Montréal
Robert Gagné, HEC Montréal
Abdelhakim Nouira, HEC Montréal
|
|
09:45 |
Market Structure
and the Efficiency of European Insurance Companies: A Stochastic Frontier
Analysis
Authors: Paul Fenn, University of Nottingham
Dev Vencappa, University of
Nottingham
Steve Diacon, University of
Nottingham
Paul Klumpes, Imperial College London
Chris O’Brien, University of
Nottingham
|
|
10:15 |
Break
|
|
|
Session 1: Efficiency and Productivity
(continued) |
|
10:30 |
An Exploration into
Competition and Efficiency In the Dutch Life Insurance Industry
Authors: Jacob A. Bikker, Central Bank of the
Netherlands
Michiel van Leuvensteijn, CPB Netherlands Bureau
for Economic Policy
Analysis/European Central Bank
|
|
11:00 |
The Impact of Deregulation
on the German and UK Life Insurance Markets: An Analysis of Efficiency and
Productivity Over 1991-2002
Authors: Stephanie Hussels, University of Bradford
Damien Ward, University of Bradford
|
|
11:30 |
Measuring the Productivity of the Insurance Business at
the Firm Level
Author: Tarek M.
Harchaoui, Statistics Canada
|
|
12:00 |
Lunch: Box Lunches
|
|
|
Session 2: Theoretical and Empirical Issues on
Insurance Industry Organization
Moderator: Georges Dionne |
|
13:00 |
Providers Affiliation, Insurance and
Collusion
Authors: Jean-Marc Bourgeon,
INRA-INAPG, Paris
Pierre Picard, École
Polytechnique, France
Jerome Pouyet, École
Polytechnique, France
|
|
13:30 |
The Historical Relation
between Banking, Insurance, and Economic Growth In Sweden: 1830 to 1998
Authors: Mike Adams, University of Wales Swansea
Jonas Andersson, Norwegian School of
Economics and Business Adm.
Lars-Fredrik Andersson, Umeå
University
Magnus Lindmark, Norwegian School of
Economics and Business Adm.
|
|
14:00 |
On the
Efficiency Gains from Financial Conglomeration
Author: Ville Malkonen, VATT
(Government Institute for Economic Research), Finland
|
|
14:30 |
Break
|
|
|
Session 3: Consolidation and Convergence
Moderator: Scott Harrington |
|
14:45 |
Mergers and
Acquisitions in the US Property-Liability Insurance Industry: Productivity
and Efficiency Effects
Authors: J. David Cummins, The Wharton School
Xiaoying Xie, California State
University at Fullerton
|
|
15:15 |
Authors: Dario Focarelli, Italian Association of
Insurance Companies (ANIA)
Alberto Franco Pozzolo, Università degli Studi del
Molise
|
|
15:45 |
Break
|
|
16:00 |
Consolidation and Value Creation in the Insurance
Industry: The Role of Governance
Authors: Narjess Boubakri, HEC Montréal
Georges Dionne, HEC Montréal
Thouraya Triki, IESEG School of Management
|
|
16:30 |
Consolidation and
Efficiency in the Major European Insurance Markets
Author: Paul Klumpes, Imperial College, London
|
|
18:00 |
Dinner
|
Friday, May 5, 2006
|
08:00 |
Continental Breakfast
|
|
|
Moderator: Georges Dionne |
|
08:30 |
Keynote Address 2
Insurance Market Mechanism and Public Goods
Denis Kessler, President and CEO, SCOR Reinsurance
|
|
|
Session 4: Malpractice and Regulation
Moderator: Paul Fenn |
|
09:15 |
“Crises” in Medical
Malpractice Insurance: Evidence of Excessive Price-Cutting in the
Preceding Soft Market
Authors: Scott E. Harrington, The Wharton School
Patricia M. Danzon, The Wharton School
Andrew J. Epstein, Yale University
|
|
09:45 |
Regulator Performance,
Regulatory Environment and Outcomes: An Examination of Insurance
Regulator Career Incentives on State Insurance Markets
Authors: Martin F. Grace, Georgia State University
Richard D. Phillips, Georgia State
University
|
|
10:15 |
Break
|
|
|
Session 5: Globalization Issues
Moderator: Martin Grace |
|
10:30 |
Foreign Exchange
Exposure: Evidence from the United States Insurance Industry
Authors: Donghui Li, University of New South Wales
Fariborz Moshirian, University of
New South Wales
Timothy Wee, Citibank,
USA
Eliza Wu, University of New South
Wales
|
|
11:00 |
Are There Co-movements
in the Default Risk of Reinsurance Companies?
Author:
Oliver Burkart, German Federal Financial Supervisory Authority
|
|
11:30 |
Round Table On The Different Issues Of The Conference
Moderator: Mary A.
Weiss, Temple University
Panelists: J.
David Cummins, The Wharton School
Scott E. Harrington, The Wharton School
Dennis Kessler, SCOR Re
Pierre Picard, École
Polytechnique
|
|
12:00 |
Lunch
|
|
13:00 |
Adjournment |
|
|
 |
| |
