A Literature Review of Networking Research in Insurance

Authors

  • Ming Liu

DOI:

https://doi.org/10.14738/assrj.93.12019

Keywords:

Insurance; network research;

Abstract

The role of insurance institutions in the economic network is no longer only that of a loss compensator, but also of a risk transfer intermediary and supervisor of payer. In this process, insurance institutions gradually established their status as credit centre. Numerous theoretical studies and practices show that with the development of society, insurance has increasingly become an important factor and even one of the driving forces for economic development. Insurance reflects its value and status in many ways, whether it is the basic social security function or the indispensable importance of ensuring the smooth operation of business. It is worth noting that in recent years, the reform of the medical system has aroused the attention to the phenomenon of "narrow network", which is just for further study of insurance institutions (companies, institutions) and economic individuals (natural persons, The interaction between institutions) provides an opportunity. This paper strives to summarize and reflect the frontiers and dynamics of insurance network research in recent years, and expects to lead to the focus and direction of future insurance research at one time, and expects to provide new ideas and new paths.

References

. Boorman S A. A combinatiorial optimization model for transmission of job information through contact networks. The bell journal of economics, 1975: 216-249.

. Keren M, Levhari D. The internal organization of the firm and the shape of average costs. The Bell Journal of Economics, 1983: 474-486.

. Montgomery J D. Social networks and labor-market outcomes: Toward an economic analysis. The American economic review, 1991, 81(5): 1408-1418.

. Goyal S M. Porcine reproductive and respiratory syndrome. Journal of Veterinary Diagnostic Investigation, 1993, 5(4): 656-664.

. Hendricks E, Chevalier A, Jensen M, et al. Modelling of the intake manifold filling dynamics. SAE transactions, 1996: 122-146.

. Stinchcombe M B, White H. Some measurability results for extrema of random functions over random sets. The Review of Economic Studies, 1992, 59(3): 495-514.

. Gale D, Shapley L S. College admissions and the stability of marriage. The American Mathematical Monthly, 1962, 69(1): 9-15.

. Roth A E, Sotomayor M. The college admissions problem revisited. Econometrica: Journal of the Econometric Society, 1989: 559-570.

. Fora Aumann R, Myerson R. Endogenous formation of links between players and coalitions: an applications of the shapley value/In The shapley value. Cambridge Univ. 1998.

. Jackson M O, Wolinsky A. A Strategic Model of Social and Economic Networks: Kellogg Graduate School of Management. Northwestern University, 1995.

. Arrow K J, Borzekowski R. Limited network connections and the distribution of wages. Available at SSRN 632321, 2004.

. Calvo-Armengol A, Jackson M O. Social networks in determining employment: Patterns, dynamics, and inequality. American Economic Review, 2004, 94(3): 426-454.

. Huang H Y, Chen L P. Enterprise cluster structure embedded in social network and its advantages. Modern Management Science, 2005 (5): 70-71.

. Jackson M O, Pernoud A. Credit freezes, equilibrium multiplicity, and optimal bailouts in financial networks. Equilibrium Multiplicity, and Optimal Bailouts in Financial Networks (November 22, 2020), 2020.

. Ward D, Zurbruegg R. Does insurance promote economic growth? Evidence from OECD countries. Journal of Risk and insurance, 2000: 489-506..

. Kugler M, Ofoghi R. Does insurance promote economic growth? Evidence from the UK[C]//Money Macro and Finance (MMF). Research Group Conference. 2005, 8..

. Haiss P, Sümegi K. The relationship between insurance and economic growth in Europe: a theoretical and empirical analysis. Empirica, 2008, 35(4): 405-431.

. Arena M. Does insurance market activity promote economic growth? A cross‐country study for industrialized and developing countries. Journal of risk and Insurance, 2008, 75(4): 921-946.

. Fafchamps M, Gubert F. Risk sharing and network formation. American Economic Review, 2007, 97(2): 75-79.

. Bramoullé Y, Kranton R. Public goods in networks. Journal of Economic theory, 2007, 135(1): 478-494.

. Bloch F, Genicot G, Ray D. Reciprocity in groups and the limits to social capital. American Economic Review, 2007, 97(2): 65-69.

. Kanno M. The network structure and systemic risk in the global non-life insurance market. Insurance: Mathematics and Economics, 2016, 67: 38-53.

. Park S C, Xie X. Reinsurance and systemic risk: The impact of reinsurer downgrading on property–casualty insurers. Journal of Risk and Insurance, 2014, 81(3): 587-622.

. Niu X J, Wu X M. Research on Systemic Risk of Reinsurance Market Based on Complex Network. Insurance Research, 2019(3):15.

. Lu S T, Su F. Analysis of the root causes of differences in auto insurance underwriting profits of insurance companies: A two-way study based on the supply side and the demand side. Journal of Jiangxi University of Finance and Economics, 2020 (4): 65-75.

. Ho K, Lee R S. Equilibrium provider networks: Bargaining and exclusion in health care markets. American Economic Review, 2019, 109(2): 473-522.

. Goyal S, Joshi S. Networks of collaboration in oligopoly. Games and Economic behavior, 2003, 43(1): 57-85.

. Blumberg L J, Corlette S, Lucia K. The Affordable Care Act: Improving incentives for entrepreneurship and self-employment. Public Policy & Aging Report, 2014, 24(4): 162-167.

. Dafny L, Hendel I, Wilson N. Narrow networks on the health insurance exchanges: What do they look like and how do they affect pricing? a case study of texas. American Economic Review, 2015, 105(5): 110-14.

. Shepard D S, Undurraga E A, Halasa Y A, et al. The global economic burden of dengue: a systematic analysis. The Lancet infectious diseases, 2016, 16(8): 935-941.

. Polsky D, Weiner J, Zhang Y. Narrow networks on the individual marketplace in 2017. LDI Issue Brief, 2017, 21(8): 1-6.

. Ghirardato P, Siniscalchi M. Risk sharing in the small and in the large. Journal of Economic Theory, 2018, 175: 730-765

Downloads

Published

2022-03-21

How to Cite

Liu, M. (2022). A Literature Review of Networking Research in Insurance. Advances in Social Sciences Research Journal, 9(3), 110–117. https://doi.org/10.14738/assrj.93.12019