Shinichi Kamiya

CV NTU page SSRN

Associate Professor in Insurance and Actuarial Science

Co-Director, Insurance Risk and Finance Research Centre (IRFRC)

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

Too Old to Fail (with Martin Grace and George Zanjani), also available at  http://ssrn.com/abstract=3918081 

Investors’ Financial Health and Municipal Bond Liquidity Risk (with Tao Chen and Pingyi Lou), available at https://ssrn.com/abstract=3416974

Intergenerational Financial Decision-Making Children’s Role in Elderly Financial Well-being (with Pingyi Lou, Jingwen Luo, Xian Xu)

Asset and Liability Channels of Climate Risk: Implications for P&C Insurer Performance (Canchun He, Ruo Jia, and Pingyi Lou)

Market Discipline and Guaranty Funds in Life Insurance (with Martin F. Grace, Robert Klein, and Kenny Wunder)

Mortality Projections under Climate Change Scenarios in Asia: A Multi-district Factor Approach (with Atsuyuki Kogure)

RESEARCH PAPERS

Published and Accepted Papers

Context Comes to Mind: Evidence and Implications for Protection against Catastrophes (with K. Kakamu, P. Staufer-Steinnocher, T. Yamasaki, and N.Yanase), North American Actuarial Journal, 2025, 1–25. https://doi.org/10.1080/10920277.2025.2503740 (Open Access)

The Impact of COVID-19 on Mortality in 34 Countries and Economies (with Dang, O., and Zhou, L.),  North American Actuarial Journal, 2025, 1–38. https://doi.org/10.1080/10920277.2025.2496726 (Open Access)

How do insurance companies manage reserves? Evidence from reserve errors across lines of business and accident years (with J. R. Goh and P. Lou), Risk Sciences, 2025, 1, 100014. https://doi.org/10.1016/j.risk.2025.100014 (Open Access)

Analyst coverage, executive compensation and corporate risk-taking: Evidence from property–casualty insurance firms (with Chen, T., Lou, P., and Milidonis, A). Journal of Risk and Insurance, 2023, 90(4), 899–939. https://doi.org/10.1111/jori.12437

• The Journal of Risk and Insurance Robert C. Witt (Best Paper) Award (Volume 90, 2023)

Estimating Spillover Effects in Property Casualty Insurance Consumption (with Douglas Bujakowski), North American Actuarial Journal, 2022, 27(2), 355–379. https://doi.org/10.1080/10920277.2022.2086141

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.