{"id":"https://openalex.org/W2087808239","doi":"https://doi.org/10.2307/253820","title":"Insurer Capital Structure Decisions and the Viability of Insurance Derivatives","display_name":"Insurer Capital Structure Decisions and the Viability of Insurance Derivatives","publication_year":1995,"publication_date":"1995-09-01","ids":{"openalex":"https://openalex.org/W2087808239","doi":"https://doi.org/10.2307/253820","mag":"2087808239"},"language":"en","primary_location":{"id":"doi:10.2307/253820","doi":"https://doi.org/10.2307/253820","is_oa":false,"landing_page_url":"https://doi.org/10.2307/253820","pdf_url":null,"source":{"id":"https://openalex.org/S116483603","display_name":"Journal of Risk & Insurance","issn_l":"0022-4367","issn":["0022-4367","1539-6975"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Risk and Insurance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103345463","display_name":"Scott E. Harrington","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Scott E. Harrington","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5064739783","display_name":"Steven V. Mann","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Steven V. Mann","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5076509992","display_name":"Greg Niehaus","orcid":"https://orcid.org/0000-0002-9041-8747","observed_orcids":["https://orcid.org/0000-0002-9041-8747"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Greg Niehaus","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":4.467,"has_fulltext":false,"cited_by_count":49,"citation_normalized_percentile":{"value":0.93319332,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":98},"biblio":{"volume":"62","issue":"3","first_page":"483","last_page":"483"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11720","display_name":"Probability and Risk Models","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/insurance-derivatives","display_name":"insurance derivatives","score":0.8889999985694885},{"id":"https://openalex.org/keywords/equity-capital","display_name":"equity capital","score":0.7590000033378601},{"id":"https://openalex.org/keywords/reinsurance","display_name":"reinsurance","score":0.7429999709129333},{"id":"https://openalex.org/keywords/correlated-risks","display_name":"correlated risks","score":0.9160000085830688},{"id":"https://openalex.org/keywords/natural-disaster-risk","display_name":"natural disaster risk","score":0.6949999928474426},{"id":"https://openalex.org/keywords/chicago-board-of-trade","display_name":"Chicago Board of Trade","score":0.8029999732971191}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.570235013961792},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.532006561756134},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.44161632657051086},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3554145395755768},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2307/253820","doi":"https://doi.org/10.2307/253820","is_oa":false,"landing_page_url":"https://doi.org/10.2307/253820","pdf_url":null,"source":{"id":"https://openalex.org/S116483603","display_name":"Journal of Risk & Insurance","issn_l":"0022-4367","issn":["0022-4367","1539-6975"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Risk and Insurance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W278397369","https://openalex.org/W1551622374","https://openalex.org/W1583301615","https://openalex.org/W1589753893","https://openalex.org/W1965830268","https://openalex.org/W1970776271","https://openalex.org/W1979158236","https://openalex.org/W1988815727","https://openalex.org/W1989115832","https://openalex.org/W1990643610","https://openalex.org/W1993408849","https://openalex.org/W2007946760","https://openalex.org/W2022699084","https://openalex.org/W2042768198","https://openalex.org/W2046782869","https://openalex.org/W2065326746","https://openalex.org/W2082929479","https://openalex.org/W2086431725","https://openalex.org/W2088682171","https://openalex.org/W2107692174","https://openalex.org/W2113472471","https://openalex.org/W2124597406","https://openalex.org/W2136547682","https://openalex.org/W2140358882","https://openalex.org/W2143557201","https://openalex.org/W2314634122","https://openalex.org/W2331280068","https://openalex.org/W2599802624","https://openalex.org/W3121131820"],"related_works":["https://openalex.org/W1972117199","https://openalex.org/W1970776271","https://openalex.org/W1505906237","https://openalex.org/W2041666919","https://openalex.org/W1546059892","https://openalex.org/W7098177666","https://openalex.org/W3122793756","https://openalex.org/W7101200604","https://openalex.org/W2984567514","https://openalex.org/W3124718148"],"abstract_inverted_index":{"Insurance":[0],"futures":[1,118],"contracts":[2,7],"and":[3,20,64,113],"options":[4],"on":[5,89,107],"these":[6],"developed":[8],"by":[9],"the":[10,53,70,96,108,114],"Chicago":[11],"Board":[12],"of":[13,55,80,110,117],"Trade":[14],"provide":[15],"a":[16],"means":[17],"for":[18,36,98],"insurers":[19],"reinsurers":[21],"to":[22,27,39,48],"hedge":[23],"underwriting":[24],"losses":[25],"due":[26],"industry-wide":[28],"shocks,":[29],"such":[30,58],"as":[31,59],"natural":[32],"catastrophes.":[33],"In":[34,101],"order":[35],"insurance":[37,75,91],"derivatives":[38,76,92],"be":[40],"viable,":[41],"they":[42],"must":[43],"lower":[44],"insurers'":[45],"costs":[46],"compared":[47],"other":[49],"methods":[50,79],"that":[51],"mitigate":[52],"effects":[54],"correlated":[56,83,111],"risk,":[57],"holding":[60],"additional":[61],"equity":[62,99],"capital":[63],"purchasing":[65],"reinsurance.":[66],"This":[67],"article":[68],"identifies":[69],"tradeoffs":[71],"associated":[72],"with":[73,82],"using":[74],"versus":[77],"alternative":[78],"dealing":[81],"risk.":[84,122],"Particular":[85],"attention":[86],"is":[87,105],"focused":[88],"whether":[90],"can":[93],"efficiently":[94],"reduce":[95],"need":[97],"capital.":[100],"addition,":[102],"empirical":[103],"evidence":[104],"provided":[106],"magnitude":[109],"risk":[112],"potential":[115],"effectiveness":[116],"in":[119],"hedging":[120],"this":[121]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}