@article{ART002227880},
author={OUH, CHANGSU and Heemun Cheong},
title={An Analysis on Effect of Bancassurance Channel on Insurance Claims},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2017},
volume={28},
number={2},
pages={37-58},
doi={10.23842/jif.2017.28.2.002}
TY - JOUR
AU - OUH, CHANGSU
AU - Heemun Cheong
TI - An Analysis on Effect of Bancassurance Channel on Insurance Claims
JO - Journal of Insurance and Finance
PY - 2017
VL - 28
IS - 2
PB - Korea Insurance Research Institute
SP - 37
EP - 58
SN - 2384-3209
AB - The purpose of this study is to analyze the characteristics of independent variables, which influence the mortality rate of life insurance contracts. This paper is also focused on whether bancassurance channel has moderating effects on mortality rate compared with non-bancassurance channel. This study used hierarchical logistic regression model, which is composed of Model 1, Model 2, and Model 3 to analyze moderating effects of bancassurance channel. Model 1 analyzed the characteristics of mortality rate using logistic model with individual independent variables such as gender, contract age, job group (risk level), death benefit and protection influence degree. Model 2 analyzed characteristics of mortality rate using logistic model with additional variable (bancassurance channel choice variable), which is used as moderating variable in Model 3. Model 3 analyzed whether bancassurance channel has moderating effects on mortality rate using logistic regression model. This study shows that mortality rate (the odds ratio) of bancassurance channel policyholders was lower than that of non-bancassurance channel policyholders when ages increase. Moreover, it was showed that mortality rate (the odds ratio) of bancassurance channel policyholders was lower than that of non-bancassurance channel policyholders when risk level and insured amount became higher. This paper shows bancassurance channel has moderating effects on mortality rate of life insurance contracts consequentially.
KW - bancassurance;logistic model;hierarchical logistic model;moderating effect
DO - 10.23842/jif.2017.28.2.002
ER -
OUH, CHANGSU and Heemun Cheong. (2017). An Analysis on Effect of Bancassurance Channel on Insurance Claims. Journal of Insurance and Finance, 28(2), 37-58.
OUH, CHANGSU and Heemun Cheong. 2017, "An Analysis on Effect of Bancassurance Channel on Insurance Claims", Journal of Insurance and Finance, vol.28, no.2 pp.37-58. Available from: doi:10.23842/jif.2017.28.2.002
OUH, CHANGSU, Heemun Cheong "An Analysis on Effect of Bancassurance Channel on Insurance Claims" Journal of Insurance and Finance 28.2 pp.37-58 (2017) : 37.
OUH, CHANGSU, Heemun Cheong. An Analysis on Effect of Bancassurance Channel on Insurance Claims. 2017; 28(2), 37-58. Available from: doi:10.23842/jif.2017.28.2.002
OUH, CHANGSU and Heemun Cheong. "An Analysis on Effect of Bancassurance Channel on Insurance Claims" Journal of Insurance and Finance 28, no.2 (2017) : 37-58.doi: 10.23842/jif.2017.28.2.002
OUH, CHANGSU; Heemun Cheong. An Analysis on Effect of Bancassurance Channel on Insurance Claims. Journal of Insurance and Finance, 28(2), 37-58. doi: 10.23842/jif.2017.28.2.002
OUH, CHANGSU; Heemun Cheong. An Analysis on Effect of Bancassurance Channel on Insurance Claims. Journal of Insurance and Finance. 2017; 28(2) 37-58. doi: 10.23842/jif.2017.28.2.002
OUH, CHANGSU, Heemun Cheong. An Analysis on Effect of Bancassurance Channel on Insurance Claims. 2017; 28(2), 37-58. Available from: doi:10.23842/jif.2017.28.2.002
OUH, CHANGSU and Heemun Cheong. "An Analysis on Effect of Bancassurance Channel on Insurance Claims" Journal of Insurance and Finance 28, no.2 (2017) : 37-58.doi: 10.23842/jif.2017.28.2.002
