Shinichi Kamiya
Associate Professor in Insurance and Actuarial Science
Deputy Director, Insurance Risk and Finance Research Centre
Nanyang Business School
Nanyang Technological University
Email: skamiya@ntu.edu.sg
Tel: +65 6790 5718
Address: 50 Nanyang Avenue, Singapore 639798
ORCID: 0000-0003-0825-2459
EDUCATION
Ph.D. in Risk Management and Insurance, University of Wisconsin-Madison, 2010
M.S. in Applied Mathematics, University of Illinois at Urbana-Champaign, 2003
B.A. in Environmental Information, Keio University, 1994
RESEARCH INTERESTS
Risk management, insurance, capital allocation, longevity
Working Papers
Context Comes to Mind: Evidence and Implications for Protection against Catastrophes (with K. Kakamu, P. Staufer-Steinnocher, T. Yamasaki, and N.Yanase), also available at at: http://ssrn.com/abstract=4050176
This study predicts that Russia's attacks to Kyiv, the capital and most populous city of Ukraine, would generate disproportionally strong reaction from a large global population living in major cities because they share similar contexts in urban living.
Too Old to Fail (with Martin Grace and George Zanjani), also available at http://ssrn.com/abstract=3918081
This study explains that banks and insurance companies with a long operating history effectively reduce market discipline and may cause excessive risk takings.
Analyst Coverage and Corporate Risk-Taking: Evidence From Property-Casualty Insurance Firms (with Tao Chen, Andreas Milidonis, and Pingyi Lou), available at https://ssrn.com/abstract=3778633
Investors’ Financial Health and Municipal Bond Liquidity Risk (with Tao Chen and Pingyi Lou), available at https://ssrn.com/abstract=3416974
This study establish the causal relationship between the financial status of PC insurers as municipal bondholders and municipal bonk liquidity risk. We study the effect of PC insurers' liabilities, subjected to climate risks, on bond pricing.
RESEARCH PAPERS
Published and Accepted Papers
Estimating Spillover Effects in Property Casualty Insurance Consumption (with Douglas Bujakowski), North American Actuarial Journal, 2022, forthcoming.
Risk Management, Firm Reputation, and the Impact of Successful Cyberattacks on Target Firms (with J.-K. Kang, J. Kim, A. Milidonis, and R. Stulz), Journal of Financial Economics 139(3), March 2021, 719-749.
Mortality Forecasts for Long-Term Care Subpopulations with Longevity Risk: A Bayesian Approach (with A. Kogure and T. Fushimi), North American Actuarial Journal 25(sup1), 2021, S534-S544.
Learning from Extreme Catastrophe (with Noriyoshi Yanase), Journal of Risk and Uncertainty 59(1), August 2019, 85-124.
Marginal Cost of Risk-Based Capital and Risk Taking (with C. Tao, J. R. Goh, and P. Lou), Journal of Banking and Finance 103, June 2019, 130-145.
Dynamic Capital Allocation with Irreversible Investment (with D. Bauer, X. Ping, and G. Zanjani), Insurance: Mathematics and Economics 85, March 2019, 138-152.
The Face of Risk: CEO Facial Masculinity and Firm Risk (with Y. H. Kim and S. Park), European Financial Management 25(2), March 2019, 239-270.
European Financial Management Readers’ Choice Best Paper Award (Volume 25, 2019)
European Financial Management Top Cited Article published between 2019 and 2020
Actuarial Independence and Managerial Discretion (with A. Milidonis), Journal of Risk and Insurance 85(4), December 2018, 1055-1082.
Credit Crunch and Insurance Consumption: The Aftermath of the Subprime Mortgage Crisis, Journal of Risk and Insurance 85(3), September 2018, 721-747.
Egalitarian Equivalent Capital Allocation (with G. Zanjani), North American Actuarial Journal 21(3), July 2017, 382-396.
A Bayesian Multivariate Risk-neutral Method for Pricing Reverse Mortgages (with A. Kogure and J. Li), North American Actuarial Journal 18(1), February 2014, 242-257.
A Theory of the Demand for Underwriting (with M. Browne), Journal of Risk and Insurance 79(2), June 2012, 335-349.