Read out

The Effects of Great Earthquakes on the Premiums for Earthquake Insurance in Japan: A Bayesian Approach

Wirtschaftsuniversität Wien, Departments 2 D2.0.34215.01.2018, 17:00

Type Lecture / discussion
LanguageEnglisch
SpeakerDr. Kazuhiko Kakamu
Organizer FI Supply Chain Management
Contact sekretariat.itl@wu.ac.at

Lec­ture ser­ies of the Re­search In­sti­tute for Sup­ply Chain Man­age­ment

In this talk Dr. Kakamu dis­cusses his re­search: The pa­per ex­am­ines the ef­fects of the great earth­quake on the premi­ums for earth­quake in­sur­ance from a Bayesian point of view. Us­ing the lat­ent vari­able tech­nique, we con­struct a lin­ear re­gres­sion model, which in­cor­por­ates the changes in the par­ti­cip­a­tion be­ha­vior as para­met­ers to identify the re­gions (pre­fec­tures) where the changes oc­curred. With three peri­ods panel data­sets in Ja­pan, we ex­amined the dif­fer­ence and sim­il­ar­ity between Great Han­shin Earth­quake in 1995 and Great East Ja­pan Earth­quake in 2011. Em­pir­ical res­ults show that the dif­fer­ence and sim­il­ar­ity in these two earth­quakes and spa­tial phenom­ena can be ob­served.



Back to overview