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Sample records for humana insurance company

  1. Captive insurance companies.

    Science.gov (United States)

    Strauss, Peter

    2014-01-01

    The landscape of the business world is changing; and now, more than ever, business owners are recognizing that life is filled with risks: known risk, calculated risk, and unexpected risk. Every day, businesses thrive or fail based on understanding the risk of owning and operating their business, and business owners are recognizing that there are alternative risk financing mechanisms other than simply taking out a basket of standard coverage as recommended by your friendly neighborhood agent. A captive insurance company is an insurance company established to provide a broad range of risk management capabilities to affiliated companies. The captive is owned by the business owner and can provide insurance to the business for potential future losses, whether or not the losses are already covered by a commercial carrier or are "self-insured." The premiums paid by your business are tax deductible. Meanwhile, the premiums that your captive collects are tax-free up to $1.2 million annually.

  2. BUSINESS INTELLIGENCE FOR INSURANCE COMPANIES

    Directory of Open Access Journals (Sweden)

    A. Ignatiuk

    2016-06-01

    Full Text Available The current state and future trends for the world and domestic insurance markets are analyzed. The description of business intelligence methodology, tools and their practical implication for insurance companies are provided.

  3. 75 FR 66806 - Nationwide Life Insurance Company, et al.,

    Science.gov (United States)

    2010-10-29

    ... COMMISSION Nationwide Life Insurance Company, et al., Notice of Application October 25, 2010. AGENCY...: Nationwide Life Insurance Company (``NWL''), Nationwide Life and Annuity Insurance Company (``NLAIC... contracts and/or variable life insurance policies issued by the Insurance Companies (collectively,...

  4. 75 FR 13147 - Integrity Life Insurance Company, et al.;

    Science.gov (United States)

    2010-03-18

    ... COMMISSION Integrity Life Insurance Company, et al.; Notice of Application March 10, 2010. AGENCY: Securities...: Integrity Life Insurance Company (``Integrity''), Separate Account I of Integrity Life Insurance Company (``Integrity Separate Account I''), Separate Account II of Integrity Life Insurance Company...

  5. SOCIAL RESPONSABILITY OF INSURANCE COMPANIES

    Directory of Open Access Journals (Sweden)

    MĂRĂCINE MIHAELA SIMONA

    2013-06-01

    Full Text Available The role of corporate social responsibility has increased significantly nowadays. The studies conducted have shown that consumers are increasingly no longer interested only in buying good quality and reliable products, but they are also interested whether they were produced in a socially responsible manner. In the recent years investors have increasingly realised that investing in social responsibility regarding the social and environmental areas, greatly contributes to the growth of the internal and external image of management. This paper aims at presenting a number of interesting issues related to social responsibility manifested by the insurance companies.

  6. 78 FR 54691 - American General Life Insurance Company, et al.

    Science.gov (United States)

    2013-09-05

    ... COMMISSION American General Life Insurance Company, et al. August 29, 2013, AGENCY: The Securities and... Life Insurance Company (``American General''), The United States Life Insurance Company in the City of New York (``US Life'') (each, an ``Insurance Company'' and together, the ``Insurance Companies''),...

  7. 77 FR 25349 - Mutual Insurance Holding Company Treated as Insurance Company

    Science.gov (United States)

    2012-04-30

    ... the Dodd- Frank Act with the treatment of such companies under state insurance company insolvency laws... or affiliate of such company that is , shall be conducted as provided under applicable State law..., under applicable state laws, a mutual insurance holding company generally is prohibited from selling...

  8. 26 CFR 1.831-3 - Tax on insurance companies (other than life or mutual), mutual marine insurance companies, mutual...

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Tax on insurance companies (other than life or mutual), mutual marine insurance companies, mutual fire insurance companies issuing perpetual policies...-3 Tax on insurance companies (other than life or mutual), mutual marine insurance companies,...

  9. ASSESSMENT OF THE FINANCIAL STABILITY OF THE INSURANCE COMPANY

    Directory of Open Access Journals (Sweden)

    D. I. Ramazanova

    2015-01-01

    Full Text Available This article considers the assessment of financial stability and solvency of the insurance company, which plays an important role in the selection of the insurer potential insurers, which guarantee payment of insurance compensation when the insured event. The author's approach to assessing the financial stability of the insurance company. Investigated the order analysis of financial stability of the insurance company. Based on the proposed method calculated the indicators of financial stability of the insurance company Rosgosstrakh Ltd.

  10. 78 FR 35360 - Surety Companies Acceptable on Federal Bonds: Terminations-American Economy Insurance Company...

    Science.gov (United States)

    2013-06-12

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY Fiscal Service Surety Companies Acceptable on Federal Bonds: Terminations-- American Economy Insurance Company (NAIC 19690); American States Insurance Company (NAIC 19704); General Insurance Company of America...

  11. 26 CFR 1.831-1 - Tax on insurance companies (other than life or mutual), mutual marine insurance companies, and...

    Science.gov (United States)

    2010-04-01

    ... companies (other than life or mutual), mutual marine insurance companies, and mutual fire insurance companies issuing perpetual policies. (a) All insurance companies, other than life or mutual or foreign... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Tax on insurance companies (other than life...

  12. MARKETING STRATEGY OF COMMERCIAL HEALTH INSURANCE COMPANY

    Directory of Open Access Journals (Sweden)

    Cut Zaraswati

    2017-01-01

    Full Text Available The objectives of this research are to: 1 compare the effect of premium earnings products of health insurances after the launching of national social health insurance (JKN-BPJS (Badan Penyelenggara Jaminan Sosial for health; 2 analyze the internal and external factors of private/commercial health insurance companies; 3 formulate a marketing strategyy for health insurance product after the operation of JKN-BPJS for health.  It is a challenge for commercial health insurance to survive and thrive with the existence of JKN-BPJS for health which is compulsory to Indonesia’s citizens to be a member. The research begins by analyzing premium earnings of the commercial health insurance company one year before and after the implementation of JKN-BPJS for health, the intensive interviews and questionnaires to the chosen resource person (purposive samplings, the analysis on Internal Factor Evaluation (IFE, External Factor Evaluation (EFE, Matrix IE and SWOT are used in the research. Then it is continued by arranging a strategic priority using Analytical Hierarchy Process (AHP.  The result from the research is there is totally no decreasing premium earnings for the commercial health insurance company although the growth trend shows a slight drop.  The appropriate strategy for the health insurance company in the commercial sector is the differentiation where the implication is involving customer service quality improvement, product innovation, and technology and infrastructure development.      Keywords:  commercial health insurance company, Marketing Strategy, AHP Analysis, national social health insurance

  13. 75 FR 60833 - Jackson National Life Insurance Company, et al.;

    Science.gov (United States)

    2010-10-01

    ... COMMISSION Jackson National Life Insurance Company, et al.; Notice of Application September 27, 2010. AGENCY... National Life Insurance Company (``Jackson''), Jackson National Life Insurance Company of New York... Companies and serve as the underlying investment vehicles for the variable life insurance contracts...

  14. Internet Activities among Malaysian Insurance Companies

    Directory of Open Access Journals (Sweden)

    Tee Chee Kiat

    2005-01-01

    Full Text Available Many studies have been conducted to study Internet usage. Most of them focused on SMI/SME, individuals, services organisations including the financial sector. Previous studies on Internet usage in the financial sector in Malaysia were more focused towards the banking institutions. Not much information is available with regards to the Internet usage among insurance companies. Recognizing the potential of the Internet to insurance companies, the Central Bank of Malaysia (Bank Negara of Malaysia has established guidelines that allow insurers to offer their services online. This study describes the extent of Internet usage among Malaysian insurers. Some insurers have already begun to use the Internet to conduct their daily business transactions, some are in the midst of planning to use and some do not have plan to use at all. Many of them stated that security, customer readiness and cost of initial investment were important considerations when deciding to adopt Internet technologies.

  15. REPORTING OF COMMERCIAL INSURANCE COMPANIES: EVIDENCE FROM THE CZECH REPUBLIC

    OpenAIRE

    Jiřina Bošková

    2007-01-01

    The subject of insurance companies is to provide insurance protection based on commercial principles. All changes in the society are directly reflected in the insurance activity. New risks apperar and therfore new insurance products appear as well. The insurance business intervenes into all areas of the economic and social life in the Czech Republic. Insurance companies cannot be treated only as companies offering insurance protection, but also as important investors who, as a result of their...

  16. THE MANAGEMENT OF AN INSURANCE COMPANY

    OpenAIRE

    Florin FRANT

    2013-01-01

    The management of an insurance company is based on a whole series of actions, whose finality can be found in obtaining and keeping a balance among the functions of the management, so as to ensure the success of the company on the market: the forecast function (substantiated in forecasts, plans and budgets), the organization function (completed with the achievement of the company objectives), the coordination functions (carried out between a manager and a subordinate or between a manager and s...

  17. THE FINANCIAL RESTORATION OF INSURANCE COMPANIES

    Directory of Open Access Journals (Sweden)

    LUMINITA TULEASCA

    2012-05-01

    Full Text Available The entire legal regulation of the insurance market is focused on the protection of the insurance policies holders, on keeping their trust in the insurance system and on the maintenance of the financial market steadiness. Noticing and solving the problems prior to the occurrence of insurers’ insolvency situation represents a fundamental aspect for the means of achieving such objective.By this survey we will analyse the financial restoration procedure of the insurance companies, Romanian legal entities, through the perspective of the whole aggregate of legal issues involved by this extremely complex and sensitive process required by the special nature of the insurance companies and by the impact of the activities carried out by these companies for the economic and social life of a state.Thus, there have been pointed out the particularities and the special nature of the insurance companies’ financial restoration as compared to the reorganization of the regular trade companies, the insurers’ means of avoiding the business failure, of avoiding the bankruptcy.

  18. 78 FR 68103 - Transamerica Life Insurance Company, et al; Notice of Application

    Science.gov (United States)

    2013-11-13

    ... COMMISSION Transamerica Life Insurance Company, et al; Notice of Application November 6, 2013. AGENCY: The.... Applicants: Transamerica Life Insurance Company (``TLIC''), Transamerica Financial Life Insurance Company...: Transamerica Life Insurance Company and Separate Account VA B, Transamerica Financial Life Insurance......

  19. REPORTING OF COMMERCIAL INSURANCE COMPANIES: EVIDENCE FROM THE CZECH REPUBLIC

    Directory of Open Access Journals (Sweden)

    Jiřina Bošková

    2007-06-01

    Full Text Available The subject of insurance companies is to provide insurance protection based on commercial principles. All changes in the society are directly reflected in the insurance activity. New risks apperar and therfore new insurance products appear as well. The insurance business intervenes into all areas of the economic and social life in the Czech Republic. Insurance companies cannot be treated only as companies offering insurance protection, but also as important investors who, as a result of their activity, dispose with temporary available resources of their customers. As situations and existance of time discordance between provision creation and their usage are occasional, insurance companies carry business with these provisions resources.

  20. 26 CFR 1.821-4 - Tax on mutual insurance companies other than life insurance companies and other than fire, flood...

    Science.gov (United States)

    2010-04-01

    ... life insurance companies and other than fire, flood, or marine insurance companies, subject to tax... Life and Certain Marine Insurance Companies and Other Than Fire Or Flood Insurance Companies Which... other than life insurance companies and other than fire, flood, or marine insurance companies,...

  1. STATE REGULATION OF INVESTMENT INSURANCE COMPANIES IN UKRAINE

    Directory of Open Access Journals (Sweden)

    О. Zaletov

    2016-03-01

    Full Text Available In the article the essence of investment insurance company. The role and importance of investment of insurance companies on formation of investment resources in the economy. The essence of the definition of "investment potential of insurance companies" and its relationship with the definition of "financial strength of insurance companies' insurance and potential insurance companies." By analyzing the structure and dynamics of aggregate investment portfolio of insurance organizations of Ukraine in 2008-2015 years defined contribution insurance sector in the formation of investment resources. The problems and prospects of the investment potential of the insurance market of Ukraine. Directions of improvement of state regulation of investment of insurance companies in Ukraine.

  2. COOPERATION WITH ASSETS MANAGEMENT COMPANIES AS THE INVESTMENT ACTIVITY OF INSURANCE COMPANIES

    OpenAIRE

    2008-01-01

    The article explores the peculiarities of investment activity of local insurance companies there is analyze of one of the option using the investment opportunities of insurance companies in the way of cooperation with assets management companies.

  3. Planning of marketing activity in an insurance company

    Directory of Open Access Journals (Sweden)

    Е.A. Smirnova

    2012-12-01

    Full Text Available In the article theoretical approaches in relation to planning of marketing activity in an insurance company are examined. Stages of marketing activity planning in insurance company are offered.

  4. AN ANALYSIS OF TEAMWORK IN THE INSURANCE COMPANIES

    National Research Council Canada - National Science Library

    Luka Stanić; Ivana Miklošević; Jerko Glavaš

    2017-01-01

    ...: a combination of science, the real sector and local government. The basis of this research is teamwork in insurance companies operating in eastern Croatia whose indicators reflect on other insurance companies in Croatia and beyond...

  5. 76 FR 77442 - Mutual Insurance Holding Company Treated as Insurance Company

    Science.gov (United States)

    2011-12-13

    ... ``RIN 3064-AD89'' in the subject line of the message. Mail: Robert E. Feldman, Executive Secretary... January 18, 2011, to Robert E. Feldman, Executive Secretary, FDIC from National Association of Insurance..., to Robert E. Feldman, Executive Secretary, FDIC from Mutual Insurance Holding Company Coalition,...

  6. 26 CFR 1.819-2 - Foreign life insurance companies.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Foreign life insurance companies. 1.819-2... TAX (CONTINUED) INCOME TAXES Miscellaneous Provisions § 1.819-2 Foreign life insurance companies. (a) Carrying on United States insurance business. Section 819(a) provides that a foreign life insurance...

  7. 7 CFR 400.168 - Obligations of participating insurance company.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 6 2010-01-01 2010-01-01 false Obligations of participating insurance company. 400... participating insurance company. The Agreement will include the following among the obligations of the Company. (a) The Company shall follow all applicable Corporation procedures in its administration of the...

  8. The Intra-Industry Effects of Life Insurance Company Demutualizaton

    Directory of Open Access Journals (Sweden)

    Joseph W. Meador

    2008-12-01

    Full Text Available We examine the impact of demutualization announcements by 13 life insurance companies during 1996-2000 on the value of existing stock-owned life insurance companies and companies in other segments of the insurance industry. Demutualization announcements are associated with negative stock price reactions in the days around the announcement, and with larger and positive stock price reactions in the days following announcement. Overall, the results support the contention that life insurance company demutualizations signal favorable future industry conditions and/or increased likelihood of future acquisitions for all segments of the insurance industry. Active-minded investors may use these results to develop alpha-generating investment strategies.

  9. 77 FR 54621 - Pruco Life Insurance Company, et al;

    Science.gov (United States)

    2012-09-05

    ... COMMISSION Pruco Life Insurance Company, et al; Notice of Application August 29, 2012. AGENCY: Securities and... Section 17(a) of the Act. Applicants: Pruco Life Insurance Company (``Pruco Life''), Pruco Life Flexible Premium Variable Annuity Account (``Pruco Life Variable Annuity Account''), Pruco Life Insurance...

  10. EXPERIENCE OF FOREIGN INVESTMENT ACTIVITY OF INSURANCE COMPANIES

    Directory of Open Access Journals (Sweden)

    R. Pikus

    2014-03-01

    Full Text Available The article presents the experience of the investment of insurance companies of developed foreign countries. Specific features of state regulation of investment activities of insurance companies are determined, as well as described the main trends shaping the investment portfolio of the insurer under current conditions.

  11. Approaches of the insurance companies to the settlement of claims

    OpenAIRE

    2010-01-01

    This paper analyzes the approaches of the insurance companies on the Czech insurance market to the settlement of claims. It deals with activities of the settlement of claims from report of a claim to the payment of an indemnity. In the analysis of the approaches of insurance companies to the settlement of claims this paper focuses on the five topics: direct settlement, elektronic file application, approach to the solutions of the insurance fraud, product advantage in connection with the claim...

  12. 75 FR 11228 - Surety Companies Acceptable On Federal Bonds: Manufacturers Alliance Insurance Company

    Science.gov (United States)

    2010-03-10

    ..., at 74 FR 31536. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874-6850. SUPPLEMENTARY... Fiscal Service Surety Companies Acceptable On Federal Bonds: Manufacturers Alliance Insurance Company....C. 9305 to the following company: Manufacturers Alliance Insurance Company (NAIC 36897)....

  13. 77 FR 25536 - Surety Companies Acceptable On Federal Bonds: Endurance American Insurance Company

    Science.gov (United States)

    2012-04-30

    ... Supplement No. 17 to the Treasury Department Circular 570, 2011 Revision, published July 1, 2011, at 76 FR... Fiscal Service Surety Companies Acceptable On Federal Bonds: Endurance American Insurance Company AGENCY.... 9305 to the following company: Endurance American Insurance Company (NAIC 10641). Business Address:...

  14. 75 FR 22689 - Surety Companies Acceptable on Federal Bonds: Regent Insurance Company

    Science.gov (United States)

    2010-04-29

    ... No. 11 to the Treasury Department Circular 570, 2009 Revision, published July 1, 2009, at 74 FR 31536... Fiscal Service Surety Companies Acceptable on Federal Bonds: Regent Insurance Company AGENCY: Financial... following company: Regent Insurance Company (NAIC 24449) Business Address: One General Drive, Sun...

  15. Management of risks at the insurance companies and solvency II

    Directory of Open Access Journals (Sweden)

    Sokić Miro

    2016-01-01

    Full Text Available If we assume that the key determination of each insurance company is in increasing the competitiveness of the offer of insurance services, growth in the market share and making a profit, the question is how and by what methods these pretty often opposite goals are possible to achieve in the most efficient way. In addition to the traditional approach of increasing the insurance portfolio, and consequently the total insurance funds, the basic condition for enhancing the positioning of insurance companies in the insurance market is a quality risk managing, with which every insurance company faces in its business. The growing internationalization and the concentration of the insurance business, the emergence of new risks, as well as the need for an integral comprehension of all risks with which insurers face in their business, have led to the definition of a new project for regulation of the solvency of insurance and reinsurance companies at EU level - Solvency II. Just because of this, the subject of this study is a field of risk management in insurance companies, with emphasis on the role and importance of the new regime for regulation. The subject is insufficiently present in scientific research circles and it is imperative of the present time, in order to readily go to meet changes and wait for the mandatory implementation in the time ahead of us. It will be pointed to the basic shortcomings of the previous model, better known as Solvency I, and introduced a new system of measuring solvency, based on risk. The unique rules will also be determined for measuring solvency of insurance companies which encourage insurers to implement risk management activities and develop their own models for risk quantification. The essence of the new model, better known as Solvency II, is a comprehensive analysis of all risks that the insurer meets, and not just those who are assumed to be insured.

  16. Using Clinical Decision Support Software in Health Insurance Company

    Science.gov (United States)

    Konovalov, R.; Kumlander, Deniss

    This paper proposes the idea to use Clinical Decision Support software in Health Insurance Company as a tool to reduce the expenses related to Medication Errors. As a prove that this class of software will help insurance companies reducing the expenses, the research was conducted in eight hospitals in United Arab Emirates to analyze the amount of preventable common Medication Errors in drug prescription.

  17. ESTIMATE OF INSURANCE COMPANIE'S PROFITS USING COMPUTER SIMULATION

    Directory of Open Access Journals (Sweden)

    О. Klepikova

    2014-09-01

    Full Text Available The article describes the main provisions of accounting and movement of financial resources insurance company. Has been developed simulation model of the interaction of financial flows insurance company that allows you to track the chain of financial resources and evaluate the possibility of making a profit.

  18. 26 CFR 1.821-3 - Tax on mutual insurance companies other than life or marine or fire insurance companies subject...

    Science.gov (United States)

    2010-04-01

    ... Premium Deposits) § 1.821-3 Tax on mutual insurance companies other than life or marine or fire insurance... life or marine or fire insurance companies subject to the tax imposed by section 831. 1.821-3 Section 1... (CONTINUED) INCOME TAXES Mutual Insurance Companies (other Than Life and Certain Marine Insurance...

  19. 26 CFR 1.821-1 - Tax on mutual insurance companies other than life or marine or fire insurance companies subject...

    Science.gov (United States)

    2010-04-01

    ... Premium Deposits) § 1.821-1 Tax on mutual insurance companies other than life or marine or fire insurance... life or marine or fire insurance companies subject to the tax imposed by section 831. 1.821-1 Section 1... (CONTINUED) INCOME TAXES Mutual Insurance Companies (other Than Life and Certain Marine Insurance...

  20. 77 FR 75263 - Surety Companies Acceptable on Federal Bonds: Termination; Universal Insurance Company

    Science.gov (United States)

    2012-12-19

    ..., at 77 FR 39322. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874-6850. SUPPLEMENTARY... Fiscal Service Surety Companies Acceptable on Federal Bonds: Termination; Universal Insurance Company... Insurance Company (NAIC 31704) under 31 U.S.C. 9305 to qualify as an acceptable surety on Federal bonds...

  1. Insurance Contract Analysis for Company Decision Support in Acquisition Management

    Science.gov (United States)

    Chernovita, H. P.; Manongga, D.; Iriani, A.

    2017-01-01

    One of company activities to retain their business is marketing the products which include in acquisition management to get new customers. Insurance contract analysis using ID3 to produce decision tree and rules to be decision support for the insurance company. The decision tree shows 13 rules that lead to contract termination claim. This could be a guide for the insurance company in acquisition management to prevent contract binding with these contract condition because it has a big chance for the customer to terminate their insurance contract before its expired date. As the result, there are several strong points that could be the determinant of contract termination such as: 1) customer age whether too young or too old, 2) long insurance period (above 10 years), 3) big insurance amount, 4) big amount of premium charges, and 5) payment method.

  2. 17 CFR 230.489 - Filing of form by foreign banks and insurance companies and certain of their holding companies...

    Science.gov (United States)

    2010-04-01

    ... banks and insurance companies and certain of their holding companies and finance subsidiaries. 230.489... form by foreign banks and insurance companies and certain of their holding companies and finance... is a finance subsidiary of a foreign bank or foreign insurance company, as those terms are defined...

  3. 76 FR 17720 - American Family Life Insurance Company, et al.

    Science.gov (United States)

    2011-03-30

    ... a diversified portfolio of stocks of companies with above average earnings growth potential. Each... substitution of shares of the Vanguard Capital Growth Portfolio (``Replacement Portfolio'') of the Vanguard... Products Growth Portfolio (``Replaced Portfolio'') of the Fidelity Variable Insurance Products Fund...

  4. Illinois disability law does not extend to insurance companies.

    Science.gov (United States)

    1999-07-23

    A Federal appeals court ruled that the content of insurance policies is not regulated by the Americans with Disabilities Act. The decision came in a complaint filed by a hairdresser, Cut N Dried Salon, against National Group Life Insurance Co. in Illinois. The insurance company refused coverage for a female salon employee because it did not insure employees of hairdressers, interior decorators, florists, graphic artists, and certain other professions. The insurer explained that they were "high risk occupations." All occupations identified are commonly associated with gay men. National later changed its policy, but requires the employer to pay a 20 percent additional premium. In 1992, the salon filed a complaint with the Illinois Department of Human Rights, which later dismissed the case for lack of jurisdiction. The State Appellate Court said that insurance companies were not like other commercial ventures, since their customers have to undergo an evaluation process. The ruling leaves insurance customers with a last resort, filing a complaint with the State Insurance Department whose Insurance Code bars such discrimination. However, investigations into Insurance Department complaints are discretionary and not required.

  5. 26 CFR 1.802(b)-1 - Tax on life insurance companies.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Tax on life insurance companies. 1.802(b)-1...) INCOME TAX (CONTINUED) INCOME TAXES Life Insurance Companies § 1.802(b)-1 Tax on life insurance companies... August 16, 1954, section 802(b) imposes a tax on the 1954 life insurance company taxable income of...

  6. Approaches to the formation of financial security companies in the insurance market

    OpenAIRE

    Kravchenko, V.

    2014-01-01

    The features of the insurance market as a special sphere of financial relations that arise between the subjects of the insurance market and financial market and economic relations in the insurance market, which form the 1st level of financial security of insurance companies, especially the investment activities of insurers in the financial market, where a 2 level of financial security insurance companies.

  7. HRM Practices in Insurance Companies: A Study of Indian and Multinational Companies

    Directory of Open Access Journals (Sweden)

    Subhash C. Kundu

    2009-06-01

    Full Text Available Competitive advantage of a company can be generated from human resources (HR and company performance is influenced by a set of effective HRM practices. In this study, we intended to assess the HR practices in insurance companies. Primary data based on 218 respondents from four insurance companies (two multinational-7 branches and two Indian-7 branches were analyzed to assess HR practices being practiced by insurance companies in India. Six factors from factor analysis were further analyzed. ‘Training and benefits’ was found highly in practice in the insurance companies. Further, ‘performance appraisal,’ ‘selection and socialization of employees,’ and ‘HR planning and recruitment’ were moderately practised in insurance companies. ‘Workforce diversity and contemporary HR practices’ and ‘competitive compensation’ were also practised to some extent. ANOVA results showed that Indian companies did not practise workforce diversity. Compensation practices were found more competitive or performance based in Multinational insurance companies than in Indian ones. The gender effect showed that only competitive compensation was perceived significantly differently by male and female employees/executives. Interactive effects were significant on workforce diversity and contemporary issues, training and benefits, and selection and socialization of employees.

  8. Insurance Companies Adapting to Trends by Adopting Medical Tourism.

    Science.gov (United States)

    Paul, David P; Barker, Tyler; Watts, Angela L; Messinger, Ashley; Coustasse, Alberto

    2017-09-26

    Health care costs in the United States are rising every year, and patients are seeking new ways to control their expenditures and save money. Going abroad to receive health care is a cheaper alternative than receiving the same or similar care at home. Insurance companies are beginning to realize the benefits of medical tourism for both themselves and their beneficiaries and have therefore started to introduce medical tourism plans for their clients as an option for their beneficiaries. This research study explores the benefits and risks of medical tourism and examines the US insurance market's reaction to the trend of increasing medical tourism. The US medical tourism industry mirrors that of the United Kingdom in recent years, with more patients seeking care abroad than in the United States. Insurance companies have introduced new plans providing the option of traveling abroad to countries such as India and Costa Rica. Medical tourism is gaining popularity with US residents, and insurance companies are recognizing this trend.

  9. 75 FR 36153 - Surety Companies Acceptable on Federal Bonds-Terminations: Victore Insurance Company

    Science.gov (United States)

    2010-06-24

    ..., 2009, at 74 FR 31536. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874-6850... Fiscal Service Surety Companies Acceptable on Federal Bonds--Terminations: Victore Insurance Company... the above-named company under 31 U.S.C. 9305 to qualify as acceptable surety on Federal bonds...

  10. 75 FR 33897 - Surety Companies Acceptable on Federal Bonds-Terminations: Commercial Alliance Insurance Company

    Science.gov (United States)

    2010-06-15

    ... Fiscal Service Surety Companies Acceptable on Federal Bonds--Terminations: Commercial Alliance Insurance Company AGENCY: Financial Management Service, Fiscal Service, Department of the Treasury. ACTION: Notice... the above-named company under 31 U.S.C. 9305 to qualify as acceptable surety on Federal bonds is...

  11. Development of model for insurance risk management and its application to insurance companies operating in the Serbian market

    OpenAIRE

    Mirjana M. Ilic; Veselin Avdalovic; Milica D. Obadovic

    2011-01-01

    The literature on the topic of risk management in insurance generally separately treat insurance risk and insurance company risk, however such a separate treatment of risk excludes a third type of risk which is defined here, that is the risk of incorrectly calculating insurance risk, which causes uncertainties and disruptions in the operations of an insurance company and its concept of risk management arising from its activities. This paper presents a Model developed for insurance risk manage...

  12. Business Storytelling and Leadership in the Insurance Companies from Romania

    Directory of Open Access Journals (Sweden)

    Viorica Păuș

    2013-12-01

    Full Text Available The research addresses a new concept introduced into the managerial practice of the insurance industry from Romania and it aims to test the hypothesis that success, performance and competitiveness of the organizations in the insurance industry depend also on the quality of the leadership and the leaders’ ability to use storytelling, taking into account the intangibility of the insurance products. The main tool that this exploratory, qualitative research has used is the structured interview with three target groups, which we considered to be relevant: CEOs/managers of insurance companies and insurance brokerage firms, public relations specialists and economic journalists. The results of our research endeavours may be of interest for both the managers, employees and communication specialists in the insurance industry and the business world in general, for which the introduction of storytelling in the leadership practices might increase the attractiveness not only for employees, but also for stakeholders and customers.

  13. Financial Health of a Commercial Insurance Company and its Coherences

    Directory of Open Access Journals (Sweden)

    Svatopluk Nečas

    2016-05-01

    Full Text Available Purpose of the article The main purpose of the article is to define the term “financial health of a commercial insurance company” and identify the factors that influence management and its economic results of a commercial insurance company. The above mentioned term will be faced with other similar terms such as financial stability, financial strength, solvency, liquidity or profitability (always with emphasis on the insurance sector. Related to this purpose, this hypothesis is formulated: "Financial health of a commercial insurance company can be identified in the long perspective with the term financial stability and as its synonym the concept of solvency can be stated. Methodology/methods The methods of description, analysis, deduction and induction will be used in the article. The research part is based on a qualitative basis. It combines three methods of qualitative research: interviews with experts, a structured interview with open questions, a questionnaire with open questions. Its subject is a managed conversation with leading experts in the field of insurance and related branches, who answered questions related to the topic. Evaluation of interviews was done by method of interview analysis, respectively thematic analysis and subsequent synthesis based on respondents' answers. The synthesis is used as a method to gain new knowledge. The conclusions are the basis for discussion for the theory completion in the case of the term mentioned above and for statements to other contexts that are defined in the objectives of the article. Synthetic approach is applied in the formulation of conclusions of the research. Significant findings for the theory are obtained by abstraction, as derived from observations of the issues, i.e. financial health of a commercial insurance company. The evaluation also includes a summary of significant matters and it reflects the opinion of the author devised throughout literature and based on interviews

  14. Analysis of the differences in the management of a conventional and a takaful insurance company

    OpenAIRE

    2008-01-01

    The dissertation is based on the comaprison of takaful insurance company and a conventional insurance company in Bahrain. The dissertation takes a closer look at the performance of the insurance industry in Bahrain and the growth and development of the takaful insurance companies in the G.C.C region.

  15. 26 CFR 1.802-3 - Tax imposed on life insurance companies.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Tax imposed on life insurance companies. 1.802-3... TAX (CONTINUED) INCOME TAXES Life Insurance Companies § 1.802-3 Tax imposed on life insurance... tax on the life insurance company taxable income (as defined in section 802(b) and paragraph (a)...

  16. Conditional risk measure modeling for Latvian insurance companies

    Directory of Open Access Journals (Sweden)

    Irina Voronova

    2009-12-01

    Full Text Available Due to the current economical situation on the Latvian market insurance companies are forced to consider other possibilities of income generation. One of such opportunities could be seen in cash flows from investment operations, while managing stocks' portfolios. The process of portfolio management is tightly connected with adequate risk management. In the current paper we have used copula approach for estimating portfolio’s conditional risk measures and though to contribute to the discussion about appropriate risk management in the insurance companies.

  17. Risky business: how insurance companies gamble with your health coverage.

    Science.gov (United States)

    Denny, J

    1993-01-01

    Under a patchwork of state laws and virtually no federal oversight, a decade of risky investments, questionable business dealings, lavish spending, and help-yourself ethics in the insurance industry is playing a hidden role in the crisis in affordable medical coverage. Skyrocketing medical costs are the main culprit, but financial losses have put pressure on insurers to raise premiums and cancel risky policyholders. The losses also are a major factor in the sharp increase in life/health insurance company failures, which can leave policyholders stranded.

  18. Capital Allocation for Insurance Companies: Issues and Methods

    DEFF Research Database (Denmark)

    Nielsen, Jens Perch; Poulsen, Rolf; Mumford, Paul

    2010-01-01

    We address some key issues related to risk and capital allocation in insurance companies. We argue that the Froot-Stein approach to risk is relevant to a number of important problems in the daily management of an insurance portfolio and that – taken to its consequence – this approach will lead...... a new way of combining capital allocation and pricing of insurance policies. Through a performance measure of return on capital, we suggest a way of evaluating the price of capital for a single policy, that this money is held as a reserve and that this reserve should run off in such a way that old...

  19. 77 FR 9708 - Pacific Life Insurance Company, et al.; Notice of Application

    Science.gov (United States)

    2012-02-17

    ... COMMISSION Pacific Life Insurance Company, et al.; Notice of Application February 13, 2012. AGENCY... Insurance Company (``Pacific Life''), Pacific Life & Annuity Company (``PL&A,'' and collectively with Pacific Life and any insurance company controlling, controlled by, or under common control with...

  20. 76 FR 20727 - National Life Insurance Company, et al.

    Science.gov (United States)

    2011-04-13

    ... diversified, open- end management investment company.\\3\\ Currently, VIPFV has 31 investment portfolios, one of... substitution of shares of the Money Market Portfolio (the ``Replacement Portfolio'') of the Variable Insurance Products Fund V (``VIPFV'') for shares of the Money Market Fund (the ``Substituted Portfolio'') of the...

  1. Management of visual communications in insurance companies (on the example of using icons in logos

    Directory of Open Access Journals (Sweden)

    Viktor Trynchuk

    2017-08-01

    Full Text Available This article is devoted to the study of insurance business development in Ukraine and Russia in the late XIX – early XXI centuries, generation and identification of special aspects of formation and use of sacred art elements in corporate identity of insurance companies. The purpose of this article is to discuss the concept of management of visual communications in insurance companies, an important component of which is the formation and development of brands in the insurance market, which include elements of sacred art. Corporate identity gives insurers a new methodology for managing marketing communications. The author proves the corporate identity of insurance companies and its place in the system of marketing communications. Due attention is paid to corporate identity of National Joint-Stock Insurance Company “Oranta” (Ukraine, Insurance LLC “Oranta” (Russia and Insurance Company “Rossiya” (Russia. There are given examples of the use of Orans (Oranta and the Burning Bush icons inscriptions in corporate identity of insurance companies. The author describes icons in corporate identity of insurance companies and definitely their role in the communication process. Conflict situations over the use of the Orans brand in Ukraine are analyzed. The need to be careful enough in using sacred symbols in the corporate style of insurance companies is emphasized. Evolution of the logo insurance companies is presented. Examples of integrating corporate identity into the strategy and tactics of insurance companies are shown.

  2. Implications of European Directives in the Assessment of Insurance Companies

    Directory of Open Access Journals (Sweden)

    Ionel BOSTAN

    2011-03-01

    Full Text Available The objective of this paper is to present a vision in the sphere of the problematic of assets and liabilities’ evaluation that are reflected in the balance sheet of the insurance companies, inside the theory of the contingent claims, and of the marginal theory inside the insurance sphere. Our references take into consideration all the principles and evaluation norms of a company’s liabilities, company operating in the life insurance domain, including the general request introduced by the IFRS. Also, we argument the fact that the making of the new IFRS standards’ frame must take into consideration the accelerated globalization of the trading and the internalization of the financial markets, factors that have made pass onto the first place the necessity of a standardized financial reporting system. Because for so long the evaluating inadequacy of the assets at their fair value and the liabilities at their fair cost has persisted for so long, we underline that we find even in this a vast debate subject between the insurance companies’ representatives and the IASB, especially in the second step of the IFRS4’s implementation in the life insurance contract.

  3. 75 FR 39994 - AXA Equitable Life Insurance Company, et al.; Notice of Application

    Science.gov (United States)

    2010-07-13

    ... COMMISSION AXA Equitable Life Insurance Company, et al.; Notice of Application July 7, 2010. AGENCY... Act. APPLICANTS: AXA Equitable Life Insurance Company (``AXA Equitable''), Separate Account 45 of AXA... (``Separate Account FP'') (together, ``AXA Equitable Separate Accounts''), MONY Life Insurance Company...

  4. 78 FR 62716 - Pacific Life Insurance Company, et al; Notice of Application

    Science.gov (United States)

    2013-10-22

    ... COMMISSION Pacific Life Insurance Company, et al; Notice of Application October 17, 2013. AGENCY: Securities... 1940, as amended (the ``1940 Act''). Applicants: Pacific Life Insurance Company (``Pacific Life... Street NE., Washington, DC 20549-1090. Applicants: Pacific Life Insurance Company, Separate Account A...

  5. 76 FR 35249 - Allianz Life Insurance Company of North America, et al; Notice of Application

    Science.gov (United States)

    2011-06-16

    ... COMMISSION Allianz Life Insurance Company of North America, et al; Notice of Application June 10, 2011... Section 17(b) of the Act from Section 17(a) of the Act. Applicants: Allianz Life Insurance Company of North America (``Allianz Life'') and Allianz Life Insurance Company of New York (``Allianz...

  6. 78 FR 8601 - AXA Equitable Life Insurance Company, et al; Notice of Application

    Science.gov (United States)

    2013-02-06

    ... COMMISSION AXA Equitable Life Insurance Company, et al; Notice of Application January 31, 2013. AGENCY... the Act from Section 17(a) of the Act. Applicants: AXA Equitable Life Insurance Company (``AXA... Equitable Life Insurance Company, 1290 Avenue of Americas, New York, New York 10104; Patricia Louie,...

  7. 75 FR 75708 - American United Life Insurance Company, et al.; Notice of Application

    Science.gov (United States)

    2010-12-06

    ... COMMISSION American United Life Insurance Company, et al.; Notice of Application November 30, 2010. AGENCY... securities. Applicants: American United Life Insurance Company (``AUL''), AUL American Unit Trust (``AUL.... Applicants: c/o Richard M. Ellery, Esq., American United Life Insurance Company, One American...

  8. 12 CFR 925.16 - Financial condition requirement for insurance company applicants.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Financial condition requirement for insurance company applicants. 925.16 Section 925.16 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME... Financial condition requirement for insurance company applicants. An insurance company applicant shall...

  9. Insurance companies' perspectives on the orphan drug pipeline.

    Science.gov (United States)

    Handfield, Robert; Feldstein, Josh

    2013-11-01

    Rare diseases are of increasing concern to private and public healthcare insurance plans. Largely neglected by manufacturers before the 1983 passing of the Orphan Drug Act (ODA), orphan drugs have become a commercialization target of steadily increasing importance to the healthcare industry. The ODA mandates the coverage of rare diseases, which are defined in research communities as diseases that are so infrequent that there is no reasonable expectation of a drugmaker recovering the cost of developing that drug. To determine the views of leading commercial US payers regarding providing access to and coverage for orphan drugs; to assess whether and to what degree cost-effectiveness analysis (CEA) is viewed by payers as relevant to rare disease coverage. The study sample was identified through a call for action sent by America's Health Insurance Plans to its members, resulting in 4 interviews conducted and 3 completed surveys from a total of 7 companies. These 7 US health insurance companies represent approximately 75% of the US private insurance market by revenue and include approximately 157 million covered lives (using self-reported data from insurance companies). Representatives of 3 companies responded to the survey, and representatives of 4 companies were interviewed via the phone. The interviews were conducted with subject matter experts at each company and included 2 senior vice presidents of a pharmacy program, 1 chief medical director, and 1 head of pharmacoeconomics. The surveys were completed by 1 vice president of clinical pharmacy strategy, 1 chief pharmacy director, and 1 medical director. Based on the responses in this study, approximately 67% of US private insurance companies are concerned about orphan drugs, but only approximately 17% have developed meaningful strategies for addressing the cost of orphan drugs. Of the companies who do have such a strategy, 100% are unsure how to determine the best economic assessment tools to control orphan drug

  10. Working capital, profitability, liquidity and solvency of healthcare insurance companies

    Directory of Open Access Journals (Sweden)

    André Luiz de Souza Guimarães

    2010-01-01

    Full Text Available The purpose of this study is to analyze the adequacy of a working capital management normative model, in terms of profitability, liquidity and solvency. Through an empirical and analytical research, the analysis of variance results (ANOVA of a sample containing financial information from 621 healthcare insurance companies for the year 2006 ,show that different working capital structures are associated with different levels of profitability, liquidity and solvency, suggesting a preference order different from the one theorized by Fleuriet / Braga. The results indicate that a certain structure - where financial current assets exceed onerous current liabilities, and cyclical current assets exceed cyclical current liabilities ¿ is associated with higher levels of profitability, liquidity and solvency. In addition, the study reiterates the importance of efficient management of working capital to the performance and survival of healthcare insurance companies.

  11. Development of Investment Activities of Commercial Insurance Companies in Slovak, Czech and Austrian Insurance Markets in 2004-2009

    Directory of Open Access Journals (Sweden)

    Marek Meheš

    2011-05-01

    Full Text Available The contribution deals with investments of commercial insurance companies operating in Slovak, Czech and Austrian insurance market in the period of 2004–2009. First of all, development of technical reserves volume as an important prerequisite of investing of commercial insurance companies will be characterized. After that, we evaluate financial placements and investment activities – ratio of total investments and technical reserves. We also present statistical tests by means of which we examine the existence of the relation between the volume of technical reserves and the volume of investments of commercial insurance companies.

  12. The application of variable sampling method in the audit testing of insurance companies' premium income

    Directory of Open Access Journals (Sweden)

    Jovković Biljana

    2012-12-01

    Full Text Available The aim of this paper is to present the procedure of audit sampling using the variable sampling methods for conducting the tests of income from insurance premiums in insurance company 'Takovo'. Since the incomes from the insurance premiums from vehicle insurance and third-party vehicle insurance have the dominant share of the insurance company's income, the application of this method will be shown in the audit examination of these incomes - incomes from VI and TPVI premiums. For investigating the applicability of these methods in testing the income of other insurance companies, we shall implement the method of variable sampling in the audit testing of the premium income from the three leading insurance companies in Serbia, 'Dunav', 'DDOR' and 'Delta Generali' Insurance.

  13. EFFICIENCY OF THE INVESTMENT STRATEGY OF THE INSURANCE COMPANIES IN UKRAINE

    Directory of Open Access Journals (Sweden)

    R. Pikus

    2015-04-01

    Full Text Available The article explores the theoretical basis for the formation of an effective investment strategy of the insurance company. It was determined that, depending on the insurer’s conduct and risk factor and yield of funds, investment strategy can be aggressive, moderate and conservative. The main factors that characterize conservative, aggressive and moderately conservative investment strategy are defined. The characteristic of the structure of the investment portfolio of domestic insurance companies is determined. There are insurance companies which conduct an aggressive, conservative and moderately conservative investment strategy. In the article defined the main directions of investments of insurance companies in Ukraine which include bank deposits, government securities and shares. Determined that majority of insurance companies in the insurance market of Ukraine followed a conservative investment strategy which is the least risky. It is noted that in view of difficult economic situation in Ukraine, insurance companies need to develop an effective investment strategy to ensure their ability to pay.

  14. Loss analysis of a life insurance company applying discrete-time risk-minimizing hedging strategies

    NARCIS (Netherlands)

    Chen, A.

    2008-01-01

    The present paper investigates the net loss of a life insurance company issuing equity-linked pure endowments in the case of periodic premiums. Due to the untradability of the insurance risk which affects both the in- and outflow side of the company, the issued insurance claims cannot be hedged perf

  15. 76 FR 33003 - TIAA-CREF Life Insurance Company, et al.

    Science.gov (United States)

    2011-06-07

    ... COMMISSION TIAA-CREF Life Insurance Company, et al. June 1, 2011. AGENCY: Securities and Exchange Commission... 1940, as amended (the ``1940 Act''). Applicants: TIAA-CREF Life Insurance Company (``TC LIFE''), TIAA... ``Replacement Portfolio'') under certain variable life insurance policies and variable annuity contracts...

  16. 26 CFR 1.381(d)-1 - Operations loss carryovers of life insurance companies.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 4 2010-04-01 2010-04-01 false Operations loss carryovers of life insurance... loss carryovers of life insurance companies. For the application of part V, subchapter C, chapter 1 of the Code to operations loss carryovers of life insurance companies, see section 812(f) and §...

  17. 26 CFR 1.381(c)(22)-1 - Successor life insurance company.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 4 2010-04-01 2010-04-01 false Successor life insurance company. 1.381(c)(22)-1...) INCOME TAX (CONTINUED) INCOME TAXES Insolvency Reorganizations § 1.381(c)(22)-1 Successor life insurance... the following examples: Example 1. X qualified as a life insurance company in 1949. Y qualified as...

  18. Loss analysis of a life insurance company applying discrete-time risk-minimizing hedging strategies

    NARCIS (Netherlands)

    Chen, A.

    2008-01-01

    The present paper investigates the net loss of a life insurance company issuing equity-linked pure endowments in the case of periodic premiums. Due to the untradability of the insurance risk which affects both the in- and outflow side of the company, the issued insurance claims cannot be hedged perf

  19. THE FINANCIAL RESOURCES OF INSURANCE COMPANIES AND DIRECTIONS OF THEIR PLACEMENT

    Directory of Open Access Journals (Sweden)

    D. Nesterova

    2013-12-01

    Full Text Available The article outlines the economic meaning of the financial resources of the insurance company. The structure of the financial resources of insurer financing is examined. The investment opportunities of financial resources are characterized. The role and place of the insurance company in the investment process are determined.

  20. 26 CFR 1.804-3 - Gross investment income of a life insurance company.

    Science.gov (United States)

    2010-04-01

    ... law) shall be excluded from the gross investment income of a life insurance company. However, section... company. 1.804-3 Section 1.804-3 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY... insurance company. (a) Gross investment income defined. For purposes of part I, subchapter L, chapter 1 of...

  1. Organisational Culture and Performance: Empirical Investigation of Nigerian Insurance Companies

    Directory of Open Access Journals (Sweden)

    Olu Ojo

    2008-12-01

    Full Text Available This research work examines the impact of organizational culture on performance usingNigerian insurance companies as case study. The study investigates the importance of the relationship betweenorganizational culture and performance and stresses the necessity of a strong employee-responsiveculture. Data were collected through the use of questionnaires, and the chi-square method was used totest our research hypotheses. It was discovered that there was indeed a relationship between organizationculture and performance and also a strong employee-responsive culture can lead to effective performance.While carrying out the study it was also discovered that the values and beliefs of the companies were notcompatible with that of few employees. It was therefore recommended that to solve this problem appropriatemachinery should be put in place to drive compatibility, thereby ensuring unity of purpose.

  2. Multi-component Efficiency with share Resources in Insurance Companies

    Directory of Open Access Journals (Sweden)

    Fereydon Rahnamay Roodposhti

    2012-11-01

    Full Text Available In the most common utilization of Data Envelopment Analysis (DEA, the existing models used to in order to obtain efficiency score. However, trough real cases, efficiency are a factor of different share resources in Decision Making Units (DMUs. Indeed, in classical models, a DMU had its own inputs and outputs and could only be effective in its own efficiency, but in the model, which introduced here, some of the inputs are used for some of the components in common and the whole component makes outputs. In this article, the efficiency of four insurance companies in six periods is examined and indices in question include debt ratio, flow of capital resources ratio, profit margin, capital output of insurance companies, and the components of capital structure, profitability, and growth are known as those using the specific and common indices. In this article, in order to calculate efficiency of a decision making unit we have used four components and determined the specific efficiency of each single component individually. In this procedure, the efficiency of each component is calculated without the effect of those indices, which are not used. Moreover, the aggregate efficiency of all components will be recognizing. With this method, we will find inefficient components in an efficient DMU and we can determine exactly which of the inefficient components make the DMU inefficient. Finally, the relative efficiency of units will be calculating in financial component.

  3. Edificio de la Gulf Life Insurance Company, en Florida, USA

    Directory of Open Access Journals (Sweden)

    Welton Becket y Asociados, Arquitectos

    1969-03-01

    Full Text Available This tall building contains the offices of the Gulf Insurance Co. and also a hotel with 302 rooms and a car park. Its various floor levels are largely free of columns, and thus provide a highly diaphanous space, that is easily adaptable to various uses. This Tower is outstanding because of its height, in contrast with the largely horizontal development of the city of Jacksonville, and the beautiful light and shade effects of its external elevations, which give it a dynamic intrigueing quality. There is also a fine contrast between the dark tinge of the glazing and the white coloured structure.Este edificio, desarrollado en altura, además de las oficinas de la firma Gulf Life Insurance Company, contiene un hotel con 302 habitaciones, un aparcamiento, etc. La diafanidad de sus plantas —libres de columnas— ha proporcionado la adecuada flexibilidad para la distribución del espacio interior y la posibilidad de acoger fácilmente futuras necesidades. El edificio Gulf Life Insurance destaca: por su altura —la urbanización de Jacksonville virtualmente horizontal—; por los bellos juegos de luces y sombras que se producen en sus fachadas, que le imprimen variedad y vida; así como también por el contraste entre el vidrio oscuro de los acristalamientos y el hormigón «blanco» de su estructura.

  4. 26 CFR 1.822-5 - Mutual insurance company taxable income.

    Science.gov (United States)

    2010-04-01

    ... Companies and Other Than Fire Or Flood Insurance Companies Which Operate on Basis of Perpetual Policies Or... accounting procedure employed is not conclusive as to whether any assignment has in fact been...

  5. CARMEL racio analiys in the asset liability management process for insurance companies in Republic of Serbia

    Directory of Open Access Journals (Sweden)

    Vujović Vukosava

    2016-01-01

    Full Text Available CARMEL racio indicators are used as a risk management tool in the insurance companies - specialy for insurance, solvency, investment, borrowing and operational risk. Indicators are formed by comparison of the balance sheet items and various analytical data. Those indicators are being specialy adapted for insurance sector with the main purpose to evaluate financial standing and business capabilities of the insurance companies. The comparative analisys and the development level assessment of the Serbian insurance sector are being prepared on the basis of the regulatory institutions and the insurance assotiations (in Serbia, Croatia and Germany officialy published data, as well as European institutions data resources (OECD, Insurance Europe, European Central Bank, etc. Provoked by the Solvency II project implementation, the comparison of CARMEL racio indicators for Serbia with the Europian insurance trends have been performed on the example of a few Serbian companies.

  6. Value-oriented risk management of insurance companies

    CERN Document Server

    Kriele, Marcus

    2014-01-01

    Value- and risk-oriented management is a holistic method of managing businesses. In this book both actuarial methods and methods pertaining to classical internal control and classical risk management are used. Therefore the approach taken is necessarily interdisciplinary. Indeed, there is a new dynamically developing field for actuaries as a result of the emphasis now on the measurement of risk. This book provides the required basic knowledge for this subject from an actuarial perspective. It enables the reader to implement in practice a risk management system that is based on quantitative methods. With this book, the reader will additionally be able to critically appraise the applicability and the limits of the methods used in modern risk management. Value- Oriented Risk Management of Insurance Companies focuses on risk capital, capital allocation, performance measurement and value-oriented management. It also makes a connection to regulatory developments (for example, Solvency II). The reader should have...

  7. FACTORS TO ENSURE FINANCIAL STABILITY AND SOLVENCY OF AN INSURANCE COMPANY

    OpenAIRE

    Solonina S. V.; Ovsyanitsky E. S.; Anufrieva A. P.

    2014-01-01

    The article discusses the factors to ensure solvency and financial stability of the insurance company's howl. It shows the classification of types of financial stability and solvency of insurance companies; as-sesses the tariff policy of organizations and reveals the essence of reinsurance

  8. FACTORS TO ENSURE FINANCIAL STABILITY AND SOLVENCY OF AN INSURANCE COMPANY

    Directory of Open Access Journals (Sweden)

    Solonina S. V.

    2014-05-01

    Full Text Available The article discusses the factors to ensure solvency and financial stability of the insurance company's howl. It shows the classification of types of financial stability and solvency of insurance companies; as-sesses the tariff policy of organizations and reveals the essence of reinsurance

  9. 78 FR 53175 - The Northwestern Mutual Life Insurance Company, et al.;

    Science.gov (United States)

    2013-08-28

    ... COMMISSION The Northwestern Mutual Life Insurance Company, et al.; Notice of Application Agency: Securities... Section 17(b) of the Act from Section 17(a) of the Act. Applicants: The Northwestern Mutual Life Insurance...''), under each of the variable annuity contracts and variable life insurance policies issued by the...

  10. 77 FR 5089 - Surety Companies Acceptable on Federal Bonds-Name Change: American Hardware Mutual Insurance Company

    Science.gov (United States)

    2012-02-01

    ... directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and...: January 17, 2012. Laura Carrico, Director, Financial Accounting and Services Division, Financial... Insurance Company AGENCY: Financial Management Service, Fiscal Service, Department of the Treasury....

  11. The development of methodological approach to management of capital adequacy of insurance company through reinsurance

    Directory of Open Access Journals (Sweden)

    Opeshko Nataliya Sergiivna

    2015-02-01

    Full Text Available The article defines the essence of capital adequacy of insurance company. Theoretical aspects of estimation capital adequacy of insurer in accordance with the requirements of the Directive Solvency II are discussed. The methodological approach to management of capital adequacy of insurance company through reinsurance is developed in the article. The usefulness of using the developed approach for managing capital adequacy ratio is proved on the basis of conducted experiments.

  12. Customer Representatives As Part-Time Marketers Of Online Services : Case: Tapiola General Mutual Insurance Company

    OpenAIRE

    Niemelä, Jere

    2011-01-01

    The empirical study that this thesis is based on was ordered to be conducted by Tapiola General Mutual Insurance Company, a Finnish customer-owned insurance company that offers its customers general insurance. The purpose of this thesis is to determine the current online services-related competence of customer representatives working at Tapiola General’s customer interface, namely at the company’s branch offices and its contact center. There is great demand within Tapiola General for a b...

  13. Analysis of Financial Ratio to Distinguish Indonesia Joint Venture General Insurance Company Performance using Discriminant Analysis

    Directory of Open Access Journals (Sweden)

    Subiakto Soekarno

    2012-01-01

    Full Text Available Insurance industry stands as a service business that plays a significant role in Indonesiaeconomical condition. The development of insurance industry in Indonesia, both of generalinsurance and life insurance, has increased very fast. The general insurance industry itselfdivided into two major players which are local private company and Joint Venture Company.Lately, the use of statistical techniques and financial ratios models to asses financial institutionsuch as insurance company have been used as one of the appropriate combination inpredicting the performance of an industry. This research aims to distinguish between JointVenture General Insurance Companies that have a good performance and those who are lessperforming well using Discriminant Analysis. Further, the findings led that DiscriminantAnalysis is able to distinguish Joint Venture General Insurance Companies that have a goodperformance and those who are not performing well. There are also six ratios which are RBC,Technical Reserve to Investment Ratio, Debt Ratio, Return on Equity, Loss Ratio, and ExpenseRatio that stand as the most influential ratios to distinguish the performance of joint venturegeneral insurance companies. In addition, the result suggest business people to be concernedtoward those six ratios, to increase their companies’ performance.Key words: general insurance, financial ratio, discriminant analysis

  14. Analysis of Financial Ratio to Distinguish Indonesia Joint Venture General Insurance Company Performance using Discriminant Analysis

    Directory of Open Access Journals (Sweden)

    Subiakto Soekarno

    2012-01-01

    Full Text Available Insurance industry stands as a service business that plays a significant role in Indonesiaeconomical condition. The development of insurance industry in Indonesia, both of generalinsurance and life insurance, has increased very fast. The general insurance industry itselfdivided into two major players which are local private company and Joint Venture Company.Lately, the use of statistical techniques and financial ratios models to asses financial institutionsuch as insurance company have been used as one of the appropriate combination inpredicting the performance of an industry. This research aims to distinguish between JointVenture General Insurance Companies that have a good performance and those who are lessperforming well using Discriminant Analysis. Further, the findings led that DiscriminantAnalysis is able to distinguish Joint Venture General Insurance Companies that have a goodperformance and those who are not performing well. There are also six ratios which are RBC,Technical Reserve to Investment Ratio, Debt Ratio, Return on Equity, Loss Ratio, and ExpenseRatio that stand as the most influential ratios to distinguish the performance of joint venturegeneral insurance companies. In addition, the result suggest business people to be concernedtoward those six ratios, to increase their companies’ performance.Key words: general insurance, financial ratio, discriminant analysis

  15. 12 CFR 250.412 - Interlocking relationships between member bank and insurance company-mutual fund complex.

    Science.gov (United States)

    2010-01-01

    ... mutual fund shares and life insurance policies that would provide increased competitive strength in a... Fund, Inc. (“Fund”), the mutual fund, was closely related to X Life Insurance Company (“Insurance... and insurance company-mutual fund complex. 250.412 Section 250.412 Banks and Banking FEDERAL...

  16. JURISTIC OBSTACLE IN DECLARING BANKRUPTCY AGAINST INSURANCE COMPANY WHICH FAIL TO SETTLE ITS DEBT LIABILITY

    Directory of Open Access Journals (Sweden)

    Ali Imron

    2017-03-01

    Full Text Available Legal obligation to pay compensation of an insurance company arise immediatelyafter the evenement occurred, if this obligation not being settled right away it can becategorized as “fall due debt” and “claimable”, and this can be used as a reason to proposebankruptcy application. The creditor’s fundamental rights practically impeded by Section 2article (5 of Insolvency Act, which give absolute authority to Minister of Finance in proposingbankruptcy application for insurance company. This authority is attached to the status of Ministerof Finance as the guider and supervisor of insurance institution in Indonesia, but this authorityoften might reduce people’s trust to insurance institution itself if it is not used carefully andwisely. For the sake of law and justice, Minister of Finance should acts proportionally if thebankruptcy application doesn’t have enough reason, according to Minister’s authority in thecase of bankruptcy application for insurance company against their insured and other creditors.

  17. 75 FR 16205 - MetLife Insurance Company of Connecticut, et al.

    Science.gov (United States)

    2010-03-31

    ... primarily purchases equity both. securities of large, seasoned, U.S. and multinational companies that the... COMMISSION MetLife Insurance Company of Connecticut, et al. March 25, 2010. AGENCY: Securities and Exchange... Investment Company Act of 1940 (the ``Act'') approving certain substitutions of securities and an order of...

  18. 26 CFR 1.338-11 - Effect of section 338 election on insurance company targets.

    Science.gov (United States)

    2010-04-01

    ... the reinsurer or acquiring company, at the close of the acquisition date. The Federal income tax... company targets. 1.338-11 Section 1.338-11 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE... section 338 election on insurance company targets. (a) In general. This section provides rules that...

  19. The Lexis plot for run-off non-life insurance companies in United Kingdom

    Science.gov (United States)

    Samsudin, Humaida Banu

    2014-06-01

    This study is intended to look at the company's age to be one of the predictor for financially distressed non-life insurance companies in United Kingdom. Financial distress is a condition where a company has difficulty paying off its obligations to its creditors. For this study, Lexis plot is used to identify either younger companies or older companies are in run-off. Run-off is a process where many insurance companies stop underwriting policies long before they reach financial crisis or financial distress. The study utilises financial data of 22 years from year 1985 to year 2006 for 397 companies. From the study, it is identified that younger companies are more in financial distress than older companies.

  20. Failure factors in non-life insurance companies in United Kingdom

    Science.gov (United States)

    Samsudin, Humaida Banu

    2013-04-01

    Failure in insurance company is a condition of financial distress where a company has difficulty paying off its financial obligations to its creditors. This study continues the research from the study in identifying the determinants for run-off non-life insurance companies in United Kingdom. The analysis continues to identify other variables that could lead companies to financial distress that is macroeconomic factors (GDP rates, inflation rates and interest rates); total companies failed a year before and average size for failed companies'. The result from the analysis indicates that inflation rates, interest rates, total companies failed a year before and average sizes for failed companies are the best predictors. An early detection of failure can prevent companies from bankruptcy and allow management to take action to reduce the failure costs.

  1. RISK MANAGEMENT AND ITS INFLUENCE OF INSURANCE COMPANY

    Directory of Open Access Journals (Sweden)

    FLOREA IANC MARIA MIRABELA

    2015-12-01

    Full Text Available The Risk Management summarizes the essence of insurance business. The effectiveness of risk management is on the correct definition and risk best estimates which provide a reliable basis for the dissipation or its transfer through insurance. In this regard, identifying exposure to insured damage constiruie an important stages as influences concrete ways to prevent and control the risk. Analysis and quantification of the risk should provide solid support for drafting the insurance contract

  2. Combining ANP and TOPSIS Concepts for Evaluation the Performance of Property-Liability Insurance Companies

    Directory of Open Access Journals (Sweden)

    Hui-Yin Tsai

    2008-01-01

    Full Text Available This is a significant problem for the property-liability insurance industry. The study first uses Modified Delphi Method to sift influence property-liability insurance effects out norms. Moreover, the evaluation weights are determined using Analytic Network Process (ANP. Finally, the technique for ordering preference by similarity to the ideal solution (TOPSIS constructs performance evaluation model of property-liability insurance companies in Taiwan. This research use financial statements of property-liability insurance industry calculated efficiency placing and through the positive research. Findings may do for the government the important reference of the insure policy.

  3. Satisfaction of staff of Swiss insurance companies with medical appraisals: a cross sectional study

    Directory of Open Access Journals (Sweden)

    Gyr Niklaus

    2011-03-01

    Full Text Available Abstract Background A high quality of timely delivered medical appraisals is crucial for social and other insurances to judge possible occupational reintegration measures for patients with medical conditions who are in danger to lose their job. However, little is known about the satisfaction of staff of insurance companies with medical appraisals that they have commissioned. Our questionnaire survey prospectively included all medical appraisals arriving at Swiss insurances from FEB to APR 2008. We assessed the satisfaction of the commissioner with medical appraisals performed by medical assessors. In addition, we evaluated the contribution of several factors to overall satisfaction. The unit of sample was the medical appraisal. Findings We analysed 3165 medical appraisals, 2444 (77% of them from the public disability insurance, 678 (22% from private accident, liability and loss of income insurances and 43 (1% from other insurances. Overall satisfaction of staff of insurance companies in Switzerland was high, but satisfaction of the disability insurance with appraisals was generally lower compared to satisfaction of private insurances. The staff of the disability insurance judged time for preparation as too long in 30%. For staff of private insurance companies 20% of appraisals were not "worth its price". Well-grounded and comprehensible conclusions were the single most important factor for high overall satisfaction (OR 10.1; 95%-CI: 1.1-89.3. Conclusions From the viewpoint of staff of insurance companies, a relevant part of medical appraisals arrives too late. Medical assessors have to take the specific needs of insurances into account, to perform more appraisals with sound conclusions in due time.

  4. Сryptocurrency as an object of economic analysis in insurance companies

    Directory of Open Access Journals (Sweden)

    O.O. Poplavskiy

    2016-12-01

    Full Text Available The article is devoted to topical issues of economic nature of cryptocurrency and development of the theoretical approaches for its analysis in insurance companies. The attention has been focused to risks and opportunities of cryptocurrency in modern economy, its place in evolution of money. The author studied the international experience of cryptocurrency operation in insurance companies order to identify trends of development of the industry and to determine their potential impact on the domestic insurance sector. The legal status of bitcion, main popular cryptocurrency, in different countries of the world has not been left without attention. The author has defined that bitcion is prohibited in states with low level of insurance density and penetration (like Bangladesh, Russia, Indonesia and is legalized in development countries, such USA, Japan, Germany and others. Major indicators of analysis of cryptocurrency in insurance companies which can be used for management decisions have been suggested.

  5. Upravljanje Rizicima Osiguravajućih Kompanija / Risk Management of Insurance Companies

    Directory of Open Access Journals (Sweden)

    Zeljić Danijela

    2015-06-01

    Full Text Available When providing protection to the insurees, insurance companies are faced with many risks which are classified in different ways. Risks are increasingly diverse, and the globalization of business has led to a greater probability in terms of their achievements, as well as to the high intensity of the possible consequences. Because of this the process of risk management is a major challenge of modern insurance companies.

  6. Сryptocurrency as an object of economic analysis in insurance companies

    OpenAIRE

    O.O. Poplavskiy

    2016-01-01

    The article is devoted to topical issues of economic nature of cryptocurrency and development of the theoretical approaches for its analysis in insurance companies. The attention has been focused to risks and opportunities of cryptocurrency in modern economy, its place in evolution of money. The author studied the international experience of cryptocurrency operation in insurance companies order to identify trends of development of the industry and to determine their potential impact o...

  7. The use of capital market instruments in investment of European insurance companies

    OpenAIRE

    Wolski, Rafał

    2011-01-01

    The financial and the insurance markets are increasingly penetrating each other, accounting for the fact that insurers are more and more often seen as major institutional investors of capital markets. The capital market offers a range of new opportunities, although it is not devoid of faults, mercilessly exposed by consecutive stock market collapses. Do insurance companies use the capital market instruments? And if so, to what extent? The conducted analysis has pointed at growing involvement ...

  8. 26 CFR 1.804-4 - Investment yield of a life insurance company.

    Science.gov (United States)

    2010-04-01

    ... in any way by the enactment of the Life Insurance Company Income Tax Act of 1959 (73 Stat. 112...) INCOME TAX (CONTINUED) INCOME TAXES Investment Income § 1.804-4 Investment yield of a life insurance... income and excess profits taxes, if any. In cases where the investment expenses allowable as deductions...

  9. CJEU rules on use of standards in imposing information duties on life insurance companies

    NARCIS (Netherlands)

    Mańko, R.

    2015-01-01

    The EU Directive applicable to life insurance sets out what kind of information insurance companies must give to policyholders. It also allows Member States to impose broader information duties, provided that the information is necessary for the policyholder to understand the contract. In its ruling

  10. The problem of distribution of resources of the insurance company as the problem of dynamic programming

    Directory of Open Access Journals (Sweden)

    Elena P. Rostova

    2011-05-01

    Full Text Available In the article is the problem of distribution of resources of the insurance company, as well as its mathematical record. The distribution of resources is carried out between the insurance services for a certain number of time intervals.

  11. 31 CFR 103.16 - Reports by insurance companies of suspicious transactions.

    Science.gov (United States)

    2010-07-01

    ... beneficiary to the agreement contingent upon the death of the insured. (11) Person has the same meaning as... separate obligation to report suspicious activity pursuant to other provisions of this part. In those.... (f) Confidentiality of reports; limitation of liability. No insurance company, and no...

  12. The use of data mining by private health insurance companies and customers' privacy.

    Science.gov (United States)

    Al-Saggaf, Yeslam

    2015-07-01

    This article examines privacy threats arising from the use of data mining by private Australian health insurance companies. Qualitative interviews were conducted with key experts, and Australian governmental and nongovernmental websites relevant to private health insurance were searched. Using Rationale, a critical thinking tool, the themes and considerations elicited through this empirical approach were developed into an argument about the use of data mining by private health insurance companies. The argument is followed by an ethical analysis guided by classical philosophical theories-utilitarianism, Mill's harm principle, Kant's deontological theory, and Helen Nissenbaum's contextual integrity framework. Both the argument and the ethical analysis find the use of data mining by private health insurance companies in Australia to be unethical. Although private health insurance companies in Australia cannot use data mining for risk rating to cherry-pick customers and cannot use customers' personal information for unintended purposes, this article nonetheless concludes that the secondary use of customers' personal information and the absence of customers' consent still suggest that the use of data mining by private health insurance companies is wrong.

  13. The National Insurance Acts 1911-1947, the approved societies and the Prudential Assurance Company.

    Science.gov (United States)

    Heller, Michael

    2008-01-01

    The role of the British major life assurance companies in administering the National Insurance Acts in the guise of approved societies has long been controversial. The companies have been accused of profiteering rather than civic duty or social altruism. This article, using the Prudential Assurance Company as a case study, questions this argument. Life assurance companies such as the Prudential were fundamental to the operational running of national health insurance in the first half of the twentieth century due to their scale, scope and expertise. In addition, they were keen to extend the scope of national health insurance and campaigned to make the acts more comprehensive. Finally, while the companies certainly did see benefits in administering the acts, these were related more to corporate identity, branding and public relations than to direct pecuniary gain. An analysis of the inclusion of the life insurance companies in the administration of the National Health Insurance Acts is thus as important for an understanding of twentieth-century Britain as it is for the development of modern social welfare.

  14. THE ROLE OF HEALTH INSURANCE COMPANIES IN THE FINANCIAL PROVISION OF FREE MEDICAL CARE

    Directory of Open Access Journals (Sweden)

    Lyudmila Valentinovna Tokun

    2016-01-01

    Full Text Available This article discusses the features of the mandatory health insurance, the financial resources of health care and the characteristics of the Russian health care system. The article defines the need to apply the SWOT-analysis to the activities of medical organizations, it analyses the interconnection between the criteria of quality, availability and payment for services and their accordance to the sector of economics, which produces or pays for the service. Goal / Objectives: The goal of this article is to study the compulsory health insurance system, its pros and cons in the health system. The objectives of this paper is to identify the sources of financing of compulsory health insurance, the definition of the stages of formation of financial flows, the designation of the role of insurance companies in the compulsory health insurance system, the study of the processes of formation of funds of health insurance companies, the definition of the role of the compulsory health insurance in the risk protection and study of the positive and negative aspects of the modern health care system. Methodology: Methods of comparison, analysis and synthesis are used in this article. Results: as a result of the conducted research authors have made conclusions about the need for the major changes in the financing of public health care. The scope of work of health insurance companies requires increase in number of staff , premises, additional hardware and software. Health insurance companies should be motivated to maintain the health of the population and its improvement. Conclusions: The results of this research can be used to build a system of motivation in the health insurance organizations.

  15. THE USE OF NEW DISTRIBUTION CHANNELS TO INCREASE THE EFFICIENCY OF INSURANCE COMPANIES

    Directory of Open Access Journals (Sweden)

    Olga N. Kozlova

    2017-09-01

    Full Text Available The article deals with the issues of increasing the efficiency of insurance companies on the basis of using new non-traditional distribution channels. The relevance of the topic is justified by the automation of management processes, a new generation of consumers focused on new technologies, the use of the Internet, growing and selling functional mobile gadgets. The insurance companies use new distribution channels via the Internet network along with the traditional means for the expansion of the insurance portfolio and attracting active and passive consumers. The calculations carried out on the basis of the data of the Bank of Russia show that the share of such sales is growing, but not leading. The use of the Internet depends on many factors, but primarily on the types of insurance. The authors carry out calculations on the use of distribution channels in various types of insurance. The complexity and variety of products on life insurance requires qualified intermediaries, therefore, the use of new distribution channels here is not widespread in contrast to classical accident insurance or compulsory insurance, where sales are more efficient when organizing through the Internet. Selling through Internet has a number of advantages that reduce the cost of doing business, reduce the agency network, the cost of print advertising to attract passive and strengthen the relationship with active consumers. The authors also conduct analysis of the advantages and disadvantages of using mobile gadgets to work with potential customers, quantitative and qualitative benefits of implementing mobile apps in the work of insurance companies. The conclusions are made about the complexity of calculation of economic efficiency of implementing mobile applications. The possible directions of increasing the efficiency of using new distribution channels by insurance companies are defined.

  16. Identification of the Level of Financial Security of an Insurance Company

    Directory of Open Access Journals (Sweden)

    Kozmenko Serhiy M.

    2014-02-01

    Full Text Available The article is devoted to theoretical and practical aspects of identification of financial security of the insurer. The article justifies urgency of identification of the level of financial security of the insurer and its qualitative assessment. It offers a scientific and methodical approach to identification of the level of financial security of the insurer on the basis of the conducted analysis of advantages and shortcomings of the existing approaches. The basis of the developed methods is a generalised assessment of the level of financial security of the insurer, which is offered to be carried out on the basis of calculation of statistical and dynamic integral indicators of financial security of the insurance company. The obtained integral assessments allow making a conclusion about efficiency of the selected strategy of the insurer and its ability to oppose to negative influence of threats to financial security. Results of calculation of integral indicators of financial security of the insurer allow identification of influence of fraud as the main threat to financial security of domestic insurance companies. The proposed approach was realised in practice of Ukrainian insurers and proved its efficiency.

  17. 49 CFR 387.409 - Insurance and surety companies.

    Science.gov (United States)

    2010-10-01

    ... admitted) to issue bonds or underlying insurance policies: (a) In each state in which the freight forwarder is authorized by the FMCSA to perform service, or (b) In the state in which the freight forwarder has..., may be served in any proceeding at law or equity brought in any state in which the freight forwarder...

  18. Managing IT for Business Innovation: Issues of Culture, Learning, and Leadership in a Jamaican Insurance Company

    OpenAIRE

    1995-01-01

    The recent major changes in the general insurance sector have significantly increased the need for the development and use of IT for business innovation. This paper uses the case study method to explore how a Jamaican general insurance company responded to these pressures by establishing a cross-cultural joint venture for IT development. The research was guided at the meta-level by the principles of structuration theory, but explicitly uses the more familiar perspectives of culture, learning,...

  19. Prioritization governmental insurance company according to BSC procedure by AHP group technique

    Directory of Open Access Journals (Sweden)

    Amene Kiarazm

    2014-05-01

    Full Text Available Insurance industry is one of the industries that have special importance and validity in modern economy, domestic and foreign trade. Performance evaluation and grading the insurance company in addition to determining the general position of agency in industry, market and informing the beneficiaries, cause increase in competition, dynamism in industry, and development in community. On the other hand, organization strategic performance evaluation is always one the first and most basic prerequisites for compiling improvement programs in organizations and it has a high importance. One of the strategic efficient models in this aspect is BSC that equally analyses all aspects of organization. The statistical population in this research is consists of four governmental insurance (Iran, Asia, Dana and Alborz. For collecting data, haphazard sampling procedure was used. Study tool is questionnaire whose reliability was measured by consistency ratio and whose validity was measured by content-construct method by acquiring the opinions of experts and some managers in this field of study and the results showed appropriate reliability and validity. In analysis data section, the group integrative procedures AHP and BSC were used. The results showed that the D insurance company had the higher final score than the other companies. After that the C, A and B insurance companies were respectively.

  20. Competition between health maintenance organizations and nonintegrated health insurance companies in health insurance markets.

    Science.gov (United States)

    Baranes, Edmond; Bardey, David

    2015-12-01

    This article examines a model of competition between two types of health insurer: Health Maintenance Organizations (HMOs) and nonintegrated insurers. HMOs vertically integrate health care providers and pay them at a competitive price, while nonintegrated health insurers work as indemnity plans and pay the health care providers freely chosen by policyholders at a wholesale price. Such difference is referred to as an input price effect which, at first glance, favors HMOs. Moreover, we assume that policyholders place a positive value on the provider diversity supplied by their health insurance plan and that this value increases with the probability of disease. Due to the restricted choice of health care providers in HMOs a risk segmentation occurs: policyholders who choose nonintegrated health insurers are characterized by higher risk, which also tends to favor HMOs. Our equilibrium analysis reveals that the equilibrium allocation only depends on the number of HMOs in the case of exclusivity contracts between HMOs and providers. Surprisingly, our model shows that the interplay between risk segmentation and input price effects may generate ambiguous results. More precisely, we reveal that vertical integration in health insurance markets may decrease health insurers' premiums.

  1. The Effects of Firm-Specific Factors on the Profitability of Non-Life Insurance Companies in Turkey

    Directory of Open Access Journals (Sweden)

    Emine Öner Kaya

    2015-10-01

    Full Text Available This study investigates the firm-specific factors affecting the profitability of non-life insurance companies operating in Turkey. For this purpose, data of 24 non-life insurance companies operating in Turkey from the period 2006–2013 were brought together to obtain 192 observed panel data sets. In this study, profitability is measured by two different variables: technical profitability ratio and sales profitability ratio. According to the empirical results, the firm-specific factors affecting the profitability of Turkish non-life insurance companies are the size of the company, age of the company, loss ratio, current ratio, and premium growth rate.

  2. THE OPTIMAL STRATEGY FOR INSURANCE COMPANY UNDER THE INFLUENCE OF TERMINAL VALUE

    Institute of Scientific and Technical Information of China (English)

    Liu Wei; Yuan Haili; Hu Yijun

    2011-01-01

    This paper considers a model of an insurance company which is allowed to invest a risky asset and to purchase proportional reinsurance. The objective is to find the policy which maximizes the expected total discounted dividend pay-out until the time of bankruptcy and the terminal value of the company under liquidity constraint. We find the solution of this problem via solving the problem with zero terminal value. We also analyze the influence of terminal value on the optimal policy.

  3. 78 FR 18634 - ING Life Insurance and Annuity Company, et al; Notice of Application

    Science.gov (United States)

    2013-03-27

    ... investment adviser and an indirect wholly owned subsidiary of ING Groep, N.V.\\1\\ The Replacement Fund is sub... announced that ING and its U.S. insurance affiliates, including the Companies, are preparing for a base case... affiliates, including DSL. 6. The Contracts are individual variable annuity contracts. Each of the...

  4. 31 CFR 103.137 - Anti-money laundering programs for insurance companies.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for... Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.137 Anti-money laundering programs for insurance companies...

  5. 78 FR 75581 - Minnesota Life Insurance Company, et al.; Notice of Application

    Science.gov (United States)

    2013-12-12

    ... Securities and Exchange Commission (``Commission''). ACTION: Notice of application for an order pursuant to..., ``Applicants''). SUMMARY: Summary of Application: Applicants seek an order amending an existing order pursuant... purchase payments under certain deferred variable annuity contracts issued by the Insurance Company....

  6. Model Comprehensive Risk Assessment of the Insurance Company: Tradition and Innovation

    Directory of Open Access Journals (Sweden)

    Yulia Slepukhina

    2015-08-01

    Full Text Available The article analyzes the traditional methods of evaluating financial risk arising from the insurance business, such as method correction norm of discount, method reliable equivalents, sensitivity analysis of efficiency criteria, analysis of the probability distributions, decision trees, method based on the fuzzy sets theory, and other, identified their advantages and disadvantages. In the study author proposes developed by him a model of the complex (integrated risk assessment arising in insurance companies. It is proved that the greatest effect of risk management can be achieved by using an integrated approach to their assessment and analysis, i.e. considering different groups of risks arising from the activities of the insurance company, not abstracted from each other, and together, taking into account their mutual influence and the dynamics change.

  7. OBSTACLES TO IMPLEMENTATION OF SOLVENCY II REGIME IN NONLIFE INSURANCE COMPANIES IN BOSNIA AND HERZEGOVINA

    Directory of Open Access Journals (Sweden)

    Safet Kozarevic

    2014-12-01

    Full Text Available Aimed at protection of the market and consumers, the control of solvency is very important for insurer’s business activities. Regarding the fact that insurer’s insolvency causes a chain of problems, the state regulation is needed that forces insurers to keep their solvency at the necessary level. Insurance companies in the European Union work on the implementation of a new regulatory framework defined by the Solvency II Directive, which demands a better risk management as well as a better connection of capital and risk profile, increased transparency, and higher flexibility of insurance companies’ business. In the period to come, this would present a huge challenge for the authorities in Bosnia and Herzegovina (BiH as well, which would need to prepare their resources for the introduction of the Solvency II concept. For this purpose, the analysis of the current condition of the insurance market in BiH was made. By using the primary research and applying the survey as a questioning technique, the attitudes were gathered on the current conditions and possibilities for the implementation of the Solvency II Directive into the business activities of insurance companies in BiH.

  8. 77 FR 61828 - Surety Companies Acceptable on Federal Bonds; Change in Business Address: Hudson Insurance Company

    Science.gov (United States)

    2012-10-11

    ... of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety... Carrico, Director, Financial Accounting and Services Division, Financial Management Service. BILLING CODE... Company AGENCY: Financial Management Service, Fiscal Service, Department of the Treasury. ACTION:...

  9. 76 FR 38459 - Surety Companies Acceptable on Federal Bonds; Termination American Reliable Insurance Company

    Science.gov (United States)

    2011-06-30

    ... of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety... Carrico, Director, Financial Accounting and Services Division, Financial Management Service. BILLING CODE... Company AGENCY: Fiscal Service, Department of the Treasury, Financial Management Service. ACTION:...

  10. Application of Six-Sigma for Data Quality Improvement in an Insurance Company

    Directory of Open Access Journals (Sweden)

    Mohit Panwar

    2015-08-01

    Full Text Available Abstract Billions of dollars annually is what poor data quality costs Insurance businesses according to the Data Warehousing Institute. Poor data is also the leading cause of many IT project failures. Many companies are designing their data management programs and quality initiatives to deal with this problem of erroneous and inconsistent data. This paper discusses these topics as well as those detailing how companies can improve their data quality using the quality improvement technique of applying Six-Sigma. The method of creating a new initiative for identifying measuring and controlling the data errors is discussed in this paper. Finally the paper ends with a conclusion and expected results and benefits of the technique. The insurance industry is data-dependent. Today carriers and intermediaries are engaged in improving data capture to help them to better manage their business manage their risk and know their customers. Business and regulatory drivers are pushing the industry to manage its data better.

  11. Measurement Issues of Financial Placement and Technical Provisions of Czech Insurance Companies

    OpenAIRE

    Bokšová, Jiřina

    2011-01-01

    Measurement represents one of the most important methodological elements of accounting because it affects the overall informative ability of financial statements. The chosen method of valuation affects not only the amount of assets and liabilities, but the size of costs and revenues of the entity as well; therefore it has a major impact on profit and solvency of insurance companies. Each accounting regulation – whether at national or supranational level – includes relatively thorough provisio...

  12. Optimal investment policy and dividend payment strategy in an insurance company

    OpenAIRE

    Pablo Azcue; Nora Muler

    2010-01-01

    We consider in this paper the optimal dividend problem for an insurance company whose uncontrolled reserve process evolves as a classical Cram\\'{e}r--Lundberg process. The firm has the option of investing part of the surplus in a Black--Scholes financial market. The objective is to find a strategy consisting of both investment and dividend payment policies which maximizes the cumulative expected discounted dividend pay-outs until the time of bankruptcy. We show that the optimal value function...

  13. The protection of financial services users: The case of insurance companies and investment funds

    Directory of Open Access Journals (Sweden)

    Njegomir Vladimir

    2012-01-01

    Full Text Available The users of financial services generally do not have the required expertise that they need to process the available financial information when they make financial and investment decisions, and as such they represent a sensitive category of financial market participants, which may intentionally or unintentionally be exposed to manipulation. If the beneficiaries do not have relevant and accurate information, the relationship between the provider and the service user is characterized with information asymmetry, and because of these reasons adequate regulatory instruments are necessary in order to protect the interests of financial services users. In the financial services sector, the development of a long-term successful relationship between providers and users of services should be based on mutual trust and users' feel that they have received a value for the price paid. The aim of the paper is to highlight the modern ways of improving the protection of the interests of consumers of financial services provided by insurance companies and investment funds. The paper analyses the reasons for protection of consumers of financial services, specifics of insurance as financial service, the importance of trust as a key factor for the attraction of service users and the basic principles of operation of investment funds in the developed and the domestic financial market are compared. The particular attention is given to insurance companies and investment funds in terms of regulatory and other mechanisms of governments that are related to the protection of insureds and investment funds investors.

  14. ASSETS ADMITTED TO COVER GROSS TECHNICAL RESERVES CASE STUDY: INSURANCE – REINSURANCE COMPANY ASTRA SA

    Directory of Open Access Journals (Sweden)

    IRINELA – CONSTANTINA BADEA

    2015-12-01

    Full Text Available The aim of this paper is to analyze the asset structure and the coverage of gross technical reserves of the Insurance – Reinsurance Company Astra SA, for the period 2003 – 2014. Insurance companies are required to constitute technical reserves, in order to cope with the payment obligations to policyholders. These reserves may only be covered on account of certain assets, admitted by law. In Romania, Orders No. 8 and 9/2011, issued by the Insurance Supervisory Commission, contain Rules regarding the assets admitted to cover gross technical reserves, the dispersion of assets admitted to cover gross technical reserves and the liquidity coefficient. Order No. 9/2011, relating to general insurance, has been amended by Rule No. 22/2014. In this paper, we have analyzed the main elements of Astra’s assets, their share in total assets and we have calculated the coverage of gross technical reserves by total assets and liquid assets. In 2013 and 2014, the value of total assets was below the value of gross tehnical reserves, which demonstrated Astra’s financial instability, through negative capital and the inability to meet the obligations to policyholders. Failure to comply with the prudential indicators has been one of the main causes of Astra`s bankruptcy.

  15. The Term Structure of Interest Rates and its Impact on the Liability Adequacy Test for Insurance Companies in Brazil

    National Research Council Canada - National Science Library

    Duarte, Antonio Aurelio; Silva, Aldy Fernandes da; Oliveira, Luciano Vereda; Weffort, Elionor Farah Jreige; Chan, Betty Lilian

    2015-01-01

    The Brazilian regulation for applying the Liability Adequacy Test (LAT) to technical provisions in insurance companies requires that the current estimate is discounted by a term structure of interest rates (hereafter TSIR...

  16. EMPIRICAL EXAMINATION OF THE IMPLEMENTATION OF ELECTRONIC PAYMENT SYSTEMS IN SERVICE DELIVERY OF INSURANCE COMPANIES IN NIGERIA

    Directory of Open Access Journals (Sweden)

    Samson Ifejionu Nwankwo

    2015-12-01

    Full Text Available This study was designed with the aim to investigate the implementation of electronic payment systems in the service delivery of various insurance companies operating in Nigeria. To this end, the researchers have been able to assess if electronic payment systems have improved service delivery of insurance companies in Nigeria, and thus ascertained its acceptance level within the Nigeria’s insurance business environment. The study employed a cross-sectional type of survey design. The study commenced with the gathering of relevant literature. More so, a simple random technique was employed and relevant data were gathered through the use of structured questionnaire. The sample population consisted of 79 respondents made up of some members of staff drawn from 32 insurance companies which were selected from the directory of member companies. The major statistical technique employed for this study was a Kolmogorov-Smirnov test. Two hypotheses were tested in this study. The hypotheses tested in the study found that electronic payment systems have improved service delivery of insurance companies in Nigeria but yet to be fully accepted within the Nigeria’s insurance market space. The study confirms the significant influence of electronic payment system in the service delivery of insurance companies Nigeria. The study recommends that continuous investment in technology is imperatively crucial to allow for cordial business relationship among all players in the Nigerian insurance market environment. Also, greater attention should be placed on customers’ education and engagement in the use of electronic payment systems to enhance business transactions, and Government initiative towards cashless policy should be made feasible by continuously encouraging members of the public towards transacting business electronically. 

  17. 保险公司承保业务盈利重要性分析%An Analysis on the Profit Importance of Insurance Company's Insurance Acceptation Business

    Institute of Scientific and Technical Information of China (English)

    任国良; 郭小明

    2014-01-01

    保险公司在盈利策略选择上存在“山派”和“海派”两种不同观点,前者将保险公司定位为追求承保利润的风险分担机构,后者定位为追求投资收益的金融机构。基于中外保险公司的经验证据,本文实证分析发现,目前“海派”理论在中国保险行业有更好解释力,保险公司承保的目的不是为承保业务自身造血,而是为公司的投资输血。另外,保险公司承保利润与投资收益之间明显存在不可兼得的“替代”关系。虽然保险公司发展的两大车轮是承保和投资业务,但是真正驱动其发展的“轮轴”是保费规模和投资收益,偏离了这两大驱动要素,无助于保险公司的绩效价值提升。基于这些研究,文章认为短期内我国保险公司应沿袭“海派”理论对险企的定位,充分扮演好金融机构的经济角色,在注重公司未来现金流基础上对公司资金进行有效配置、运用。但从长期来看,随着保险市场发展的进一步完善,保险公司应遵从“山派”理论的初衷。%Insurance company's profitable strategy choice exists"mountain"and"sea"schools in China. In the former theory, insurance company is defined as a risk sharing mechanism and pursuit of underwriting profit. However, the latter locates in the pursuit of investment returns of financial institutions. Based on the empirical evidence of Chinese and foreign insurance companies, this paper finds that "sea" theory in China insurance industry has a better explanatory power. Insurance company's purpose is not to underwrite insurance business to make money, but to transfer blood for investment business. In addition, between insurance company insurance profits and investment income, there exists an apparent trade-off relation. Although the development of the insurance company's two big wheels is underwriting and investment business, the real driver of the development wheel is the

  18. Career adaptability and employee engagement of adults employed in an insurance company: An exploratory study

    Directory of Open Access Journals (Sweden)

    Rebecca Tladinyane

    2016-02-01

    Full Text Available Orientation: As a resiliency resource, career adaptability relates to an individual’s ability to adapt to new work demands and is seen to impact various occupational outcomes such as engagement.Research purpose: The aim of the study was to determine the relationship dynamics between career adaptability (measured by Career Adapt-Abilities Scale and employee engagement (measured by Utrecht Work Engagement Scale.Motivation for the study: As a personal resource, career adaptability enables employees to deal with job demands, facilitating employee engagement. Limited research exists on the impact of career adaptability variables on employee engagement, bearing significant relevance in the current workforce.Research design, approach and method: A quantitative survey was conducted with a convenience sample (N = 131 of employees in an insurance company within South Africa.Main findings/results: Significant positive relationships were found between career adaptability and employee engagement. The results suggest that participants who have experienced higher employee engagement have better developed career adaptability skills.Practical implications: Managers and human resource practitioners need to recognise how people’s career adaptability influences their level of engagement in the organisation.Contribution: This research is the first to investigate the construct of career adaptability in an insurance company and the findings add to the existing career literature and provide valuable information that can be used to inform career development and engagement strategies.Keywords: career adaptability; career development; employee engagement; vocational guidance. 

  19. Modelling and evaluating customer loyalty using neural networks: Evidence from startup insurance companies

    Directory of Open Access Journals (Sweden)

    Azarnoush Ansari

    2016-06-01

    Full Text Available The purpose of this study is to investigate the customer–service provider relationship in the insurance industry using artificial neural networks and linear regression. Using a sample of 389 customers from 10 different startup insurance companies, it was found that artificial neural networks are an efficient way to evaluate the factors affecting customer loyalty. The results indicated that customer satisfaction and perceived value are significant predictors of customer loyalty. Additionally, it was found that trust, perceived quality, and empathy have a significant impact on both customer satisfaction and perceived value. The results also showed that customer commitment to service provider is positively associated with customer satisfaction and loyalty. After comparing the performance of linear regression models with artificial neural networks, it was found that the use of neural networks is a better approach for analyzing the customer loyalty, satisfaction, and perceived value. The use of new techniques such as artificial neural networks for analyzing the customer behavior can be particularly beneficial for startup companies who aspire to gain competitive advantage over their strong and well-established rivals.

  20. Assessment of Satisfaction Rate Among the Working Staff of Mazandaran University of Supplemental Insurance Company in 2005

    Directory of Open Access Journals (Sweden)

    R. Mohammadpour, Ph.D

    Full Text Available Background and purpose: The range of medical services is so large that rendering services under the support of medical insurance is not possible for the insurance companies. Many of the patients need the supplemental insurance, specially when this type of insurance completes the general medical insurance. Clients' consent with the health service center is undeniable nowadays. This study was performed to determine the rate of working staff's consent at Mazandaran University of Medical Sciences of the supplemental insurance company in Sari.Materials and Methods: In a descriptive study, 120 out patients and hospitalized patients who had benefitted from the supplemental insurance for once company underwent the study.Data collected by questionnaire were confirmed on account of P validity to be used in the pilot study. Also, data were analyzed in descriptive method with SPSS software.Results: The obtained results were as follows; 63 (%52.5 were male, 79 subjects aged 30-49 years (65.8%, 63 had higher education (52.5%, 90 were married (75%. 54 (%45 subjects were hospitalized with cardiovascular disease and digestive problems. Also 72 subjects (%60 had the history of 3 days hospitalization. Sonography was the method of treatment (43% that was used for %43 of them. Regarding the purpose of the study, many of the subjects under the study, (51.7%, were satisfied with the supplemental insurance company in terms of behavior, 64 subjects (%53.3 with insurance compancy's cooperation and finally 59 subjects (%49.2 were pleased with the organization's commitment to its responsibility.Conclusion: The X2 test showed that there is significant relationship among the age, education number of hospitalization, the reason of hospitalization, diagnostic procedures, and the rate of satisfactions p<0.001. This finding indicates knowledge, relation with the medical care centers, type and quality of rendered services.Therefore, it is suggested that a logical planning be

  1. Practices of US health insurance companies concerning MS therapies interfere with shared decision-making and harm patients

    OpenAIRE

    Bourdette, Dennis N.; Hartung, Daniel M.; Whitham, Ruth H.

    2016-01-01

    Abstract The US Food and Drug Administration has registered 13 multiple sclerosis (MS) disease-modifying therapies (DMTs). The medications are not interchangeable as they vary in route of administration, efficacy, and safety profile. Selecting the appropriate MS DMT for individual patients requires shared decision-making between patients and neurologists. To reduce costs, insurance companies acting through pharmacy benefit companies restrict access to MS DMTs through tiered coverage and other...

  2. A psychometric evaluation of measures of effective well-being in an insurance company

    Directory of Open Access Journals (Sweden)

    W J Coetzer

    2007-02-01

    Full Text Available The objectives of this study were to validate two measures of affective well-being, namely the Maslach Burnout Inventory (MBI and the Utrecht Work Engagement Scale (UWES for employees in an insurance company, to assess their construct equivalence for different language groups and to determine the relationship between burnout and work engagement. A cross-sectional survey design with an availability sample (N = 613 was used. The MBI, UWES and a biographical questionnaire were administered. Structural equation modelling confirmed a three-factor model of burnout, consisting of Exhaustion, Cynicism and Professional Efficacy and a three-factor model of work engagement consisting of Vigour, Dedication and Absorption. Acceptable construct equivalence of the three-factor model of burnout and work engagement for different language groups was confirmed. A second-order factor analysis of the scales resulted in two factors, namely burnout and work engagement.

  3. STUDYING THE EFFECT OF BRAND LOYALTY ON CUSTOMER SERVICE IN KERMAN ASIA INSURANCE COMPANY

    Directory of Open Access Journals (Sweden)

    Gholamreza Jandaghi

    2011-10-01

    Full Text Available Despite of remarkable interests in the nature and role of marketing application from servicing perspective, there are limited researches on service branding. By describing four major aspects of service branding, present study studies these aspects and their impacts on service conceived quality and finally it investigates the impact of service conceived quality on customer loyalty. Represented model includes the impact of brand traditional image along with other three impacts, that is, company image, employees’ confidence and company’s confidence. By using a 104-subject sample of Asia Insurance Company’s customers, the analyses show that brand image and company’s image have direct and positive impact on service conceived quality while a significant relationship is not seen between company’ confidence and employees’ confidence with service quality. Finally, the aspects of service brand impacts indirectly on customers’ loyalty via impacting on service conceived quality.

  4. Technique for Assessing Reliability of Insurance Companies Draudimo kompanijų patikimumo įvertinimo metodika

    Directory of Open Access Journals (Sweden)

    Irina Voronova

    2011-11-01

    Full Text Available The purpose of this study is to improve the research technique for as­sessing the reliability of non-life insurance companies’ position. In this study, the author considers problems of assessment of reliability of insurance companies’ position. The author analyses indicators enabling to make complex assessment of insurance companies’ reliability. A technique of creating an integral indicator by using different methods of determining weighting rates of ratios validity is offered. Practical example of using an integral indicator of reliability of Latvian non-life insurance companies on the basis of public information is introduced. Rating is a risk indicator for potential consumers of insurance services. The offered technique may serve as an instrument for analysis of the reserves for enhancing reliability and competitiveness of insurance companies.

    Šio tyrimo tikslas yra pagerinti ne gyvybės draudimo kompanijų pozicijos patikimumo vertinimo tyrimų metodiką. Nagrinėjamos šių kompanijų pozicijos patikimumo vertinimo problemos, analizuo­jami rodikliai, sudarantys prielaidas atlikti kompleksinį draudimo kompanijų patikimumo vertinimą. Straipsnyje si

  5. Analysis of accelerated death benefit claims at a Japanese life insurance company.

    Science.gov (United States)

    Kobayashi, Miyoharu; Kudomi, Hiroyuki

    2002-01-01

    We studied accelerated death benefit (ADB) claims at the Dai-ichi Mutual Life Insurance Company (Dai-ichi Life). The ADB provision is designed to pay all or a portion of the death benefit if the insured is expected to die within 6 months. Dai-ichi Life paid 243 ADB claims and did not pay 17 ADB claims between December 1994 and March 1998. Of the 260 ADB claims, 253 (97.3%) were caused by malignant neoplasm, 2 by intracranial hemorrhage, 2 by angina pectoris, 1 by dilated cardiomyopathy, 1 by hepatic cirrhosis, and 1 by bleeding gastric ulcer. The age range of the 243 paid claims at the time when the attendant physician predicted a life expectancy below 6 months was 21.6-72.6 years (48.7 +/- 8.7 years [Mean +/- SD]). By the end of March 2000, 236 cases were followed up among the above 243 paid ADB claims. Of the 236 followed-up cases, 149 (63.1%) died within 6 months and 203 (86.0%) died within 1 year. The range of survival periods of these 236 cases was 6-1516 days (210 +/- 237 days). Of the 217 dead cases due to malignant neoplasm, 45 (20.7%) died of gastric cancer, 44 (20.3%) of lung cancer, 24 (11.1%) of liver cancer, 16 (7.4%) of colon cancer, 13 (6.0%) of rectum cancer, and 12 (5.5%) of pancreatic cancer.

  6. 77 FR 33490 - Long Elevator & Machine Company, Inc., Including Workers Whose Unemployment Insurance (UI) Wages...

    Science.gov (United States)

    2012-06-06

    ... Unemployment Insurance (UI) Wages Were Reported Through Kone, Inc., Riverton, IL; Notice of Affirmative...., including workers whose unemployment insurance (UI) wages were reported through KONE Inc., Riverton...

  7. A Transaction Cost Analysis of Dutch Hospital Care Contracting between hospitals and health insurance companies in a deregulated environment

    NARCIS (Netherlands)

    C.A. Brandenburg (Claudia)

    2008-01-01

    textabstractThe Dutch government has started a process of reformation in the Dutch healthcare. The goal of this reformation is cost efficient healthcare in the Netherlands. Hospitals and health insurance companies in the Netherlands experience changes in regulations and funding. They are expected

  8. Professional service is obligatory. Maintenance: Insurance companies increase the pressure; Professioneller Service ist Pflicht - Instandhaltung: Versicherer machen Druck

    Energy Technology Data Exchange (ETDEWEB)

    Iken, J.

    2003-07-28

    Maintenance is an essential cost factors in wind power plants. Insurance companies react to increasing damage incidence by taking drastic measures. [German] Einer der wichtigsten Kostentreiber bei Betrieb einer Windenergieanlage ist die Instandhaltung. Auf die zunehmenden Schaeden reagieren die Versicherungen immer haeufiger mit drastischen Massnahmen. (orig.)

  9. Identifying and prioritizing the effect of marketing mix from the customer’s perspective (4C on the competitiveness of insurance companies using DEMATEL technique: A case study of Tehran Insurance Companies

    Directory of Open Access Journals (Sweden)

    Elmira Manafzadeh

    2016-06-01

    Full Text Available Competitiveness of an organization is debatable based on sources and market-based approach. In this study, the impact of customer-centric marketing mix on the competitiveness of the company was studied. All clients involved in insurance companies in Tehran were the statistical population of the study and a sample of 384 clients were selected. A questionnaire was used to collect the data. Relationships between elements of the marketing mix and competitiveness were studied using confirmatory factor analysis technique. The results of the data analysis indicated the significant effect of customer-centric marketing mix on company’s competitiveness. To prioritize the marketing mix factors in terms of the amount of impact on the competitiveness from customers’ perspective, a DEMATEL technique was used. The results also indicated that the highest impact on the competitiveness of the insurance company include the customer costs, value of a customer-friendly, easily buy, and relations.

  10. The impact of relationship marketing on customer loyalty enhancement (Case study: Kerman Iran insurance company

    Directory of Open Access Journals (Sweden)

    Abdolaziz Abtin

    2016-06-01

    Full Text Available Nowadays, only those tradings that just focus on the effectiveness of the marketing mix elements can shift their direction towards relationship marketing and establishing effective relationship management with customers. In today's competitive world, customers are in the center of companies’ attention and their satisfaction is the main factor in gaining competitive advantage. The fundamental prerequisite for achieving customers’ satisfaction is to fully meet or exceed their needs, wants, desires, expectations, and their willingness to purchase products. To gain competitive advantage, the companies should pay more attention to customers’ needs and meet them better than their rivals. This paper aims to investigate the impact of relationship marketing on customer loyalty enhancement in Kerman Iran insurance company. This study was carried out through a survey method using questionnaires as the main instrument. Pearson correlation coefficient was used to assess the relationship between loyalty as dependent variable and trust, satisfaction, management, communication, and competence as independent variables and revealed that there was a significant positive relationship between variables.

  11. Incentive-based Insurance Company Policy Agricultural Insurance Perspective%基于政策性农业保险视角的保险公司激励机制

    Institute of Scientific and Technical Information of China (English)

    奚文君; 刘超

    2014-01-01

    The insurance company's profit-driven and policy-oriented agricultural insurance nonprofit contradictions, and the formation of the government and insurance companies the agency relationship in policy agricultural insurance. To make the insurance companies involved in policy-oriented agricultural insurance management, insurance companies control moral hazard, improve operational efficiency of agricultural insurance, government and insurance companies should be based on risk appetite, to build incentives reward low risk and high risk reward composed of.%保险公司的逐利性与政策性农业保险的非赢利性存在矛盾,并且政府与保险公司在政策性农业保险中形成委托代理关系。为了使保险公司参与政策性农业保险的经营管理,控制保险公司道德风险,提高农业保险的运作效率,应根据政府与保险公司的风险偏好,构建由低风险报酬和高风险报酬共同组成的激励机制。

  12. 78 FR 5167 - BE-45: Quarterly Survey of Insurance Transactions by U.S. Insurance Companies With Foreign Persons

    Science.gov (United States)

    2013-01-24

    ... To Report: The survey is intended to collect information on cross-border insurance transactions... reporter's fiscal year when reports must be filed within 90 days. Paperwork Reduction Act Notice: This...

  13. The Term Structure of Interest Rates and its Impact on the Liability Adequacy Test for Insurance Companies in Brazil

    Directory of Open Access Journals (Sweden)

    Antonio Aurelio Duarte

    2015-08-01

    Full Text Available The Brazilian regulation for applying the Liability Adequacy Test (LAT to technical provisions in insurance companies requires that the current estimate is discounted by a term structure of interest rates (hereafter TSIR. This article aims to analyze the LAT results, derived from the use of various models to build the TSIR: the cubic spline interpolation technique, Svensson's model (adopted by the regulator and Vasicek's model. In order to achieve the objective proposed, the exchange rates of BM&FBOVESPA trading days were used to model the ETTJ and, consequently, to discount the cash flow of the insurance company. The results indicate that: (i LAT is sensitive to the choice of the model used to build the TSIR; (ii this sensitivity increases with cash flow longevity; (iii the adoption of an ultimate forward rate (UFR for the Brazilian insurance market should be evaluated by the regulator, in order to stabilize the trajectory of the yield curve at longer maturities. The technical provision is among the main solvency items of insurance companies and the LAT result is a significant indicator of the quality of this provision, as this evaluates its sufficiency or insufficiency. Thus, this article bridges a gap in the Brazilian actuarial literature, introducing the main methodologies available for modeling the yield curve and a practical application to analyze the impact of its choice on LAT.

  14. 我国上市保险公司内部控制评价研究%Evaluation on Internal Control of Listed Insurance Companies in China

    Institute of Scientific and Technical Information of China (English)

    黄娟

    2012-01-01

    保险公司内部控制为保险公司的稳健运营和可持续发展提供了基础架构与实践平台。本文构建了上市保险公司内部控制评价体系,运用层次分析法(AHP)对中国人寿、中国平安、中国太保三家A股上市保险公司的内部控制体系进行综合评价,并提出了相应的政策建议,以期为推进上市保险公司践行内部控制评价提供路径指引。%Insurance company internal control is the foundation and platform to realize sustainable development of the insurance company. The paper constructed an internal control evaluation system of listed insurance companies, and evaluated the internal control system of China Life Insurance Company Limited, Ping An Insurance Company of China and China Pacific Insurance Company Limited through the AHP evaluation methods. It then offered appropriate policy proposals in order to explore an effective and scientific way for the listed insurance company to carry out internal control evaluation.

  15. Macro Economy Blooms the Life Insurance Companies in India: An Overview

    Directory of Open Access Journals (Sweden)

    Kartheeswari S

    2012-11-01

    Full Text Available In India, Insurance has been synonymous with LIC. Life Insurance Corporation (LIC was created as an entity in 1956 through LIC Act. The presence of new players in the market has no doubt resulted in enhanced product innovation, distribution models, better services and value added benefits. The significant components of expansion in the life sector have been the enormous growth in unit linked insurance plans and allied services. Though LIC of India require time to adopt themselves to the competitive environment and the associated contemporary structural changes, the post-deregulation period has seen greater diversification in the product offerings with added emphasis on marketing and distribution strategies. Now, insurance is driving the infrastructure sector by increasing investments each year. Further, insurance has boosted the employment scenario in India by providing direct as well as indirect employment opportunities[1]. The insurance market depends on a variety of economic and non-economic factors, and the future performance is difficult to predict. It has been observed that there is a significant relationship between the demand for life insurance and various macroeconomic variables. High growth of GDP induces an economic effect through higher per-capita and disposable income and savings, which in turn create a favourable market demand for life insurance. On the other hand, life insurance also gives support to the capital market and savings of Indian life insurance business. Data pertaining to Indian life insurance and macroeconomic variables broadly indicate a close relationship and interdependence between economic variables and life insurance demand.

  16. A Transaction Cost Analysis of Dutch Hospital Care Contracting between hospitals and health insurance companies in a deregulated environment

    OpenAIRE

    Brandenburg, Claudia

    2008-01-01

    textabstractThe Dutch government has started a process of reformation in the Dutch healthcare. The goal of this reformation is cost efficient healthcare in the Netherlands. Hospitals and health insurance companies in the Netherlands experience changes in regulations and funding. They are expected to negotiate about the price and quantities of hospital care. A product-price system for hospital care, called DBC, has been introduced by the government to support these negotiations. This study sho...

  17. Fraud worries insurance companies but should concern physicians too, industry says

    Science.gov (United States)

    Baer, N

    1997-01-01

    The amount of insurance fraud is increasing in Canada. This should worry physicians, because all personal-injury claims must be substantiated by a medical certificate. The vast majority of physicians are honest and ethical, fraud investigators say, but some are being duped as patients scheme to cheat the insurance industry. In one sensational auto-insurance-fraud case, some Ontario physicians are being investigated about possible involvement in a self-referral scheme. Nicole Baer looks at insurance fraud and the challenges it poses for doctors. PMID:9012734

  18. Impacts of Reinsurance Operations on Significant Items of the Financial Statements of Commercial Insurance Companies According to Czech Accounting Legislation and International Accounting Standards

    Directory of Open Access Journals (Sweden)

    Jana Gláserová

    2015-01-01

    Full Text Available The principal aim of the paper is to determine the impact of reinsurance operations in commercial insurance companies, in accordance with the relevant accounting legislation, for certain significant items of the financial statements. In actual fact, the reinsurance operations affect the profit of a commercial insurance company, following the financial statements. The prerequisite for fulfilling the objective of the paper is to analyse the accounting legislation for reinsurance operations in commercial insurance companies. Attention will be devoted also to the method of accounting for reinsurance operations and their specific reporting in various parts of the financial statements of commercial insurance companies. The partial aim of this paper is to identify significant differences in the area of accounting of commercial insurance companies, based on the comparison of accounting practices of the issues examined in accordance with IAS/IFRS. In the conclusion, the authors will address the latest development of necessary steps in adopting the concept of IFRS 4 Phase II and accomplishing the process of the application of IFRS 4 Phase II to the accounts of commercial insurance companies.

  19. Chinese Space Insurance Opportunities

    Institute of Scientific and Technical Information of China (English)

    LiuJie

    2005-01-01

    Jiang Tai Insurance Broker Co., Ltd and China Pacific Insurance (group) Co., Ltd jointly held a conference on Space and Space Insurance on January 13 and 14, 2005. About 50 representatives from 30 domestic insurance companies attended the event.

  20. An Empirical Analysis of Online Insurance Complaints against Life Insurance Companies%寿险公司网络投诉案例实证研究

    Institute of Scientific and Technical Information of China (English)

    郭振华; 朱少杰

    2012-01-01

    通过世纪保网3年549个寿险投诉案件,采用内容分析法揭示寿险业诚信问题的真正原因,研究发现引发消费者不满的三大问题依次为:销售误导、销售员隐瞒合同内容和退保问题,理赔难仅位列第四。结论表明,寿险业增进消费者信任最有效的手段是加强对销售人员的管理,杜绝销售误导和隐瞒,并就退保规定向消费者作出明确说明。研究还发现,相对于市场占有率而言,外资寿险公司的被投诉率比中资寿险公司还高。%Through content analysis, the paper attempted to disclose the true causes for the credibility issue of the life insurance industry on the basis of 549 life insurance complaint cases gathered in the past three years by Century In- surance Website. We found that the three major problems leading to customer's dissatisfaction were as follows: sales misrepresentation, agent withholding certain contract content, dissatisfied policy surrendering. And difficult claim-set- tlement just ranked in the fourth place. It indicated that the most efficient means for the life insurance industry to gain trust from customers was to strengthen agent management, with the purpose to eradicate misleading selling and con- cealment and require agents to explain clearly policy surrender stipulations to consumers. Furthermore, it revealed that in terms of their market share, the complaint ratio of foreign life insurance companies was higher than that of domestic ones.

  1. [Quantified self movement--the new mantra of life insurance companies].

    Science.gov (United States)

    Becher, St

    2016-06-01

    Wearables are small personal minicomputers that register biometric data. In such a way, the insurance industry hopes to create new sales opportunities and products, and simplify underwriting. Lower premiums will promote the use of wearables. The related possibilities and unanswered questions are discussed in this article. Utilisation of big data offers the insurance industry a range of new opportunities. The benefit must be proven in the future, however.

  2. Analysis of Risk Management and Control in Insurance Company%浅析保险公司风险管理与控制

    Institute of Scientific and Technical Information of China (English)

    姚敦炀

    2012-01-01

    First of all, this paper elaborated the content of risk management in insurance company, secondly, analyzed current situation of risk management of China's insurance company. At the same time, made in —depth discussion on effectively strengthening risk management and control of insurance company from aspects, such as refining responsibility, total employee involvement; establishing comprehensive risk management institution n insurance company; improving customer credit rating management level; using SAS to boost insurance company to strengthen the risk management, which have the certain reference value.%本文首先阐述了保险公司风险管理的内容,其次,分析了我国保险公司风险管理现状.同时,从细化责任,全员参与;设立保险公司全面风险管理机构;提高客户信用评级管理水平;利用SAS助力保险公司加强风险管理等方面就如何有效加强保险公司风险管理与控制进行了深入的探讨,具有一定的参考价值.

  3. RESPONSIBLE BUSINESS BEHAVIOUR IN THE PAYMENT OF SOCIAL INSURANCE CONTRIBUTIONS BY COMPANIES IN SLOVAK REPUBLIC

    Directory of Open Access Journals (Sweden)

    Katarína Raškovská

    2011-01-01

    Full Text Available At the time of financial and economic crisis, i.e. period of reduced income of individualsand enterprises, there is a review of budgets of public institutions. The attention is not paidon existing revenues, but on those, which these institutions fail to capture: various evasionand fraud that are apparently indelible phenomenon similar to the shadow economy. In thiscontent, business ethics and socially responsible businesses are often point of discussion.The aim of this paper is to apply the concept of corporate social responsibility to fulfil thelevy´s duties of the social insurance by the enterprises in Slovak Republic and also toidentify the level and consequences of the irresponsible behaviour of those in the paymentof insurance contributions. The paper points to the development of the level of debtors in2009 and 2010 in the Social Insurance Agency in Slovakia and analyzes the consequencesof failure to levying duties of the enterprises.

  4. [Hypolipidemic and antihypertensive therapy in diabetic patients in the Czech Republic: notes on the VZP (General Health Insurance Company) Data].

    Science.gov (United States)

    Šnejdrlová, Michaela; Češka, Richard; Janíčková-Žďárská, Denisa; Honěk, Petr; Dušek, Pavel; Pavlík, Tomáš; Kvapil, Milan

    2015-11-01

    Diabetes mellitus and in particular type 2 diabetes mellitus is one of the most important risk factors of cardiovascular disease. To influence cardiovascular risk there is enormous important not only positive influence of glycemia, but also the treatment of diabetic dyslipidemia and hypertension. The present work provides an analysis of lipid-lowering and antihypertensive therapy for all diabetics registered with General Health Insurance Company in the period 2010-2013. In this time 866,570 patients with diabetes mellitus registered with General Health Insurance Company were treated, the majority of them were diabetics independent on insulin. Approximately half of the patients were observed by dialectologists and half of them by the doctors of other specialization. Out of antihypertensive medi-cation, patients were most often treated by drugs that affect the renin-angiotensin system, as well as beta-blockers and diuretics. Prescription of the lipid-lowering therapy, especially prescription of statins, in accordance with the guidelines, is increasing, but remains insufficient (at 2013 43.6% diabetics treated by dialectologists and 51.3% diabetics treated by GP´s didn´t have lipid lowering therapy). Inadequate use of combination lipid-lowering therapy was recorded too, still represented mainly by combination of statin and fibrate, but in coming years we expect (based on the positive results of the subanalysis IMPROVE-IT study), an increase of combination therapy statin and ezetimibe.

  5. 商业财产保险公司应对自保公司冲击的策略选择%Commercial Property Insurance Company’ s Strategy to Deal With the Impact of Captive Insurance Companies

    Institute of Scientific and Technical Information of China (English)

    刘涛; 王东

    2016-01-01

    From the perspective of development of the international insurance market, as an important tool for risk management of large enterprise groups, the captive insurance company formed a significant impact to the com-mercial insurance market. So the commercial insurance companies established cooperation mechanisms with captive insurance companies to respond to such shocks, and looked for new market opportunities. With the establishment of the captive insurance company of Petro of China, China’ s commercial property insurance companies must adopt ap-propriate strategies to cope with the shocks, and the establishment of effective partnerships is an important measure, and the cooperation of business and management are the importance content of cooperation mode.%从国际保险市场的发展来看,自保公司作为大型企业集团风险管理的重要工具,对商业保险市场形成了明显的冲击;商业保险公司通常会通过与自保公司建立合作机制来应对冲击,并寻找新的市场机会。随着中石油自保公司的成立,我国的商业财产保险公司也必须采取合适的策略以应对冲击,建立有效的合作模式是应对冲击的重要举措,而业务合作与管理合作则是这种合作模式的重要内容。

  6. Status and Importance of Commercial non-auto Insurance in Grassroots Insurance Companies%浅谈商业非车险在基层公司的地位及重要性

    Institute of Scientific and Technical Information of China (English)

    姚平平

    2014-01-01

    所谓“商业非车险”是对车险、农险和大病统保政策性业务之外保险业务的统称。与车险业务不同的是商业非车险险种较多,涉及面较广,专业性较强,展业难度较大,跟踪时间较长,成功率较低。它的这些特点或特性,决定了基层保险公司在“以保费论英雄”的时代谢幕后,如何选择新的增长模式,再次提升综合服务能力打造公司升级版。因此,商业非车险将重新进入管理层的视野,其地位和重要性对基层保险公司不言而喻。%The so-called"commercial non-auto insurance"is outside of the auto insurance, agricultural insurance and policy business illness insurance . The difference is that ,compared with the auto insurance business, the commercial non-auto insurance is more complicated , involved in a broader, highly professional industry .It is sometimes longer time tracking, but lower success rate. Because of these features or characteristics, it determines the grassroots insurance company ,after the"premium Heroes" era curtain fall, how to choose a new growth model to enhance comprehensiveness and service capabilities to build a“upgraded version”company again . Therefore, commercial non-auto insurance will re-enter the management vision, its status and importance of grassroots insurance company speaks for itself.

  7. [Fraud in the health-care system from the perspective of the public health insurance companies. Empirical findings on the work of anti-fraud agencies].

    Science.gov (United States)

    Meier, B D; Homann, D

    2010-07-01

    The article summarises the results of a study on the activities of the German public health insurance companies to fight fraudulent behaviour in the system. The study is based on the analysis of 140 activity reports of the years 2004 and 2005 which the companies had to deliver to the Federal Social Insurance Authority as well as on the results of an additional survey. The article deals with the number of cases, the phenomenology of the delinquent acts, the referral of the suspicious cases to the law enforcement agencies, and the cooperation with other insurance companies. Finally, the article presents some considerations on an improved prevention of fraud in the public health care system. Copyright Georg Thieme Verlag KG Stuttgart . New York.

  8. 中国保险公司DEA效率分析%The empirical analysis onDEA Efficiency and its influencing factors ofChina's insurance company

    Institute of Scientific and Technical Information of China (English)

    冯斌星

    2013-01-01

    保险公司的综合效率低下引起各界普遍的关注。运用数据包络分析方法对我国50多家保险公司进行效率分析,发现其整体上 DEA 效率值不高,全行业经营状况欠佳;股份制保险公司DEA各项效率值高于国有或国有控股保险公司的效率值,中资寿险公司的 DEA 效率要高于中外合资寿险和中资产险公司效率。产权制度、公司治理和人力资本状况是影响我国保险公司效率的主要因素。必须进一步推进国有或国有控股保险公司的产权改革和制度建设,努力提高其盈利能力和经营效率。%It caused the widespread concern from academic circles to low comprehensive efficiency of China's insurance companies (CICS).With data envelope analysis method (DEA)to analyze more than 50 insurance companies ,we found that CICS'DEA efficiency value is not high;The industry was in poor management ;the efficiency value of Joint-stock insurance company was Higher than state-owned or state-controlled insurance company's ;DEA efficiency of China's life insurance company was higher than j oint venture life insurance's and property insurance company's.Property rights system , corporate governance and human capital is the main factors effecting their efficiency .We must further promote property rights reform and system construction of state-owned or state-controlled insurance company,and strive to improve its profitability and management efficiency.

  9. Analysis of insurance agent's sales misleading from the perspective of life insurance company%保险代理人销售误导行为分析--基于寿险公司视角

    Institute of Scientific and Technical Information of China (English)

    汪晶晶

    2016-01-01

    保险代理人的销售误导行为一直是寿险行业的一大顽疾,从寿险公司角度分析销售误导行为产生的原因,找出其在经营管理方面存在的问题,并提出相应的建议和对策。%Sales misleading of insurance agents has been a chronic disease facing life insurance companies, which not only does harm to the consumers, but also hinders the healthy development of life insurance industry.This paper analyzes what causes sales misleading from the perspective of those companies, trying to reveal the problems in administration and provide some corresponding suggestions and countermeasures.

  10. 17 CFR 270.3a-6 - Foreign banks and foreign insurance companies.

    Science.gov (United States)

    2010-04-01

    ... be construed to include within the definition of foreign bank a common or collective trust or other... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Foreign banks and foreign... COMMISSION (CONTINUED) RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 § 270.3a-6 Foreign banks and...

  11. 寿险公司的财务风险管理%The Financial Risk Management of Life Insurance Company

    Institute of Scientific and Technical Information of China (English)

    褚小林

    2012-01-01

    在全球经济复苏乏力的背景下,寿险公司面临偿付能力不足、资产负债匹配性差、持续盈利能力不足等一系列财务风险。全面预算作为企业经济活动的一种有效管理工具,与财务风险管理在目标协同、内部管理支持、外部环境融合方面具有紧密的关系。通过建立基于全面预算的财务风险监控指标体系、风险预算分解机制、市场竞争策略、现金流预测手段,防范和化解财务风险,保持寿险公司财务稳定。%In the background of global economic recovery is weak, life insurance companies face a lack of solvency, the matching of assets and liabilities, the lack of sustained profitability and a series of financial risk. The overall budget as effective management tool for enterprise economic activity has a close relationship with financial risk management in target coincidence, internal management support, integration of the external environment. Through the establishment of the monitoring index system based on the comprehensive budget of the financial risk, risk budgeting decomposition mechanism, competition strategy, cash flow forecast means to guard against and defuse financial risk, maintain the financial stability of the insurance companies.

  12. 我国寿险公司产品同质程度研究%A Study on Degree of Product Homogeneity of Life Insurance Companies in China

    Institute of Scientific and Technical Information of China (English)

    谢圣远; 李晓锋

    2014-01-01

    本文在厘清同质产品概念的基础上,比较分析寿险公司产品的保险责任、投保年龄、保险期间等,并构建同质指数,结果发现:我国寿险公司产品的同质程度不高。产品同质化并不是制约我国寿险业创新发展的首要因素,寿险公司要突破增长瓶颈,应在营销渠道、品牌宣传和价值传递等方面积极创新。%After clarifying the concept of life insurance product homogeneity , this paper makes a comparative analysis on products of different companies in their insurance liability , entry age and insurance period , which leads to the construction of a homogeneity index .It is found that life insurance products in China do not have the problem of high degree homogeneity . Therefore, product homogeneity is not the primary factor that restricts the innovation of life insurance industry .In order to break through the bottleneck of growth , life insurance companies should innovate in such areas as marketing channel , brand publicity and value delivery .

  13. Crop insurance: Risks and models of insurance

    Directory of Open Access Journals (Sweden)

    Čolović Vladimir

    2014-01-01

    Full Text Available The issue of crop protection is very important because of a variety of risks that could cause difficult consequences. One type of risk protection is insurance. The author in the paper states various models of insurance in some EU countries and the systems of subsidizing of insurance premiums by state. The author also gives a picture of crop insurance in the U.S., noting that in this country pays great attention to this matter. As for crop insurance in Serbia, it is not at a high level. The main problem with crop insurance is not only the risks but also the way of protection through insurance. The basic question that arises not only in the EU is the question is who will insure and protect crops. There are three possibilities: insurance companies under state control, insurance companies that are public-private partnerships or private insurance companies on a purely commercial basis.

  14. STUDYING THE EFFECT OF BRAND LOYALTY ON CUSTOMER SERVICE IN KERMAN ASIA INSURANCE COMPANY

    OpenAIRE

    Gholamreza Jandaghi; Razieh Nafari Mehranjani; Mahdi Nik Seresht; Ali Mokhles

    2011-01-01

    Despite of remarkable interests in the nature and role of marketing application from servicing perspective, there are limited researches on service branding. By describing four major aspects of service branding, present study studies these aspects and their impacts on service conceived quality and finally it investigates the impact of service conceived quality on customer loyalty. Represented model includes the impact of brand traditional image along with other three impacts, that is, company...

  15. THE IMPACT OF THE MANAGERS' EDUCATIONAL LEVEL ON THE DEVELOPMENT OF THE KNOWLEDGE-BASED ORGANIZATIONS: THE CASE OF INSURANCE COMPANIES IN CROATIA

    Directory of Open Access Journals (Sweden)

    Jerko Glavaš

    2015-07-01

    Full Text Available The key objective of the scientific research paper is to identify the key factors of knowledge management that have a direct impact on the economic growth of the national economy within the framework of the European Union. Analyzing named variables through the implementation of primary research in the insurance sector (insurance companies to create a model of competitiveness in terms of the knowledge economy based on the above research and proven hypotheses in research conducted. Through the analysis of the results is necessary to determine the most important groups of variables that affect the economic growth and competitive advantage. Setting the research is based on three key variables: education, knowledge and human resources. By analyzing the results of research will be determined statistically significant association between elements of the aforementioned variables, and will analyze the mutual influence of key variables on the competitive advantage of the observed insurance companies.

  16. Knowledge Sharing Cultures in Finance and Insurance Companies ཿ Needs for Improving Informal Collaborative e-Learning

    Directory of Open Access Journals (Sweden)

    Erika Tanhua-Piiroinen

    2013-07-01

    Full Text Available Working life requires employees to continuously update their competences, making lifelong learning an important but challenging part of professional development. This study aims to look for solutions to uncover the tacit and implicit knowledge within the enterprise by the means of social media. Our interest is specially focused on challenges on informal learning and refining and sharing of the tacit knowledge among these expert companies. We have so far collected data from two enterprises about their current knowledge sharing habits and procedures and found out the pitfalls they have experienced in their working culture concerning finding and sharing knowledge. The main challenges (apart from lack of time, which is quite obvious result today are defects in storing information in a way that enables its easy rediscovery and the huge amount of information from which to filter the relevant pieces of knowledge. Particularly the centralized experts in an insurance company find the lack of regular vertical interaction between the decentralized claim handlers a drawback. There exists a lot of overlapping effort as they need to tell the same issues many times to various claim handlers. Taking these challenges into account new working models will be put into practice utilizing collaborative tools, like wikis and chat forums.

  17. International regulations in capital standards in insurance companies and banking system of Serbia

    Directory of Open Access Journals (Sweden)

    Milić Dragana

    2014-01-01

    Full Text Available The emergence and expansion of the recent financial crisis has renewed the question of regulation and supervision of the financial system. Therefore, the question of managing financial risks is becoming increasingly popular and gaining more and more importance. Regulators have in recent years introduced capital standards based on specific sensitivity to risk. Based on defined issues, the starting point is the general hypothesis that the capital adequacy is a key base for measuring the resistance of the banking and insurance sector to market shocks. This paper will present the analytical, synthetic and general scientific methods. The comparative method is used in this paper to highlight the similarities and differences between Solvency II and Basel III and their operational efficiency.

  18. 中国境内保险公司运营绩效评价体系及实证研究--来自保险业60家机构的经验证据%A Research on the Evaluation System of Operational Performance for China’s Domestic Insurance Companies---Empirical Evidence from 60 Insurance Companies

    Institute of Scientific and Technical Information of China (English)

    顾海峰; 季恺伦

    2015-01-01

    Insurance industry is an important part of China's financial system.Once systematical risks strike the insurance industry, the safety of Chinese finance system will be threatened.Therefore,the evaluation system of operational performance for China's insur-ance industry should be established as soon as possible so as to enhance the monitoring function of risk operation efficiency of China's insurance industry.This paper first designs the evaluation index system of operational performance for Chinese domestic insurance com-panies.On the basis of this system and the operational data from 60 domestic insurance companies in China,an empirical analysis is then made to evaluate operational performance by employing the factor analysis method.The research result finally shows that some differences in operational performance exist between life insurance companies and property insurance companies.Also,operational per-formance of property insurance companies is better than that of life insurance companies.Moreover,in terms of operational perform-ance,Chinese-funded insurance companies are better than foreign insurance companies and foreign insurance companies better than joint insurance companies.Accordingly,relative policy suggestions are given.%保险业是中国金融体系的重要组成部分,一旦保险业发生系统性风险,将严重威胁到我国金融体系的安全,因此,必须尽快建立中国保险业运营绩效评价体系,以此来提升对中国保险业风险运营效率的监测功能。首先设计了中国境内保险公司运营绩效评价指标体系,在此基础上,选取来自中国保险业60家境内保险公司的运营数据,运用因子分析法对中国境内保险公司运营绩效评价进行了实证分析。研究发现,财险类保险公司与寿险类保险公司的运营绩效存在差异,财产类保险公司的运营绩效优于寿险类保险公司;中资类保险公司的运营绩效整体上

  19. Analysis of professional malpractice claims in implant dentistry in Italy from insurance company technical reports, 2006 to 2010.

    Science.gov (United States)

    Pinchi, Vilma; Varvara, Giuseppe; Pradella, Francesco; Focardi, Martina; Donati, Michele D; Norelli, Gianaristide

    2014-01-01

    The aim of the study was to analyze the characteristics of implant dentistry claims in Italy based on insurance company technical reports for malpractice claims. One hundred twenty-one technical reports of cases of professional malpractice in implant dentistry between 2006 and 2010 were included in the study. Data included the sex and age of the patient and dentist, the kind of negligence claimed, and the damages awarded as a consequence of the alleged misconduct. Of the cases examined in this study, 9.9% went to court. The patients were female in 73.6% of the cases. Most of the technical errors were committed during implant insertion (82.6%). In 50.4% of cases, the technical error involved the surrounding structures, such as damage to the inferior alveolar nerve (32.2%) or the lingual nerve (2.5%), invasion of the maxillary sinus (9.1%), or pulpal dental necrosis in adjacent teeth (6.6%). Incomplete clinical documentation was apparent in 54.5% of cases. In 9.9% of cases, a civil suit had already been filed before a visit, and medicolegal advice from the insurance expert had been procured. The discrepancy between the total number of cases examined and those that went to court indicates that implant malpractice claims in Italy are most often settled out of court. The large number of intraoperative errors seen and the high proportion of injuries to surrounding structures suggest that implant dentists would benefit from further specific training. Also, clinical documentation vital to a defense against any claims relating to professional misconduct was incomplete or absent in more than half of the cases.

  20. Study on the Performance Evaluation to the Bank Life Insurance Companies Based on Balanced Scorecard%基于平衡计分卡的银行系寿险公司绩效评价研究

    Institute of Scientific and Technical Information of China (English)

    王刚贞

    2015-01-01

    随着金融混业经营趋势不断加强,2009年起中国的银行开始入股保险公司,且以建立寿险公司为主。为了能全面评价银行入股保险公司后的运营绩效,通过构建平衡计分卡模型,从各项评价指标和总绩效角度将银行系寿险公司与传统寿险公司进行比较,发现在三年的时间里,银行系寿险公司发展迅速,且综合绩效较好,相对于传统的中小型寿险公司,具有明显的优势和发展潜力,但与大型的寿险公司相比仍有一定的差距。%As the financial mixed management trend continuously strengthen, banks began to allow a stake in the insurance company in China since 2009, and most of which are life insurance companies.Then, to compare with insurance companies of bank holding on the mixed management mode and insurance companies on the segre-gate management mode, this paper establishes the balanced scorecard model to compare the performance of bank insurance company with the traditional life insurance company, and find that in a short span of three years, bank insurance company has been developing rapidly, and has good comprehensive performance, obvious advantages and development potential, compared with traditional small and medium-sized life insurance company, but it still has certain gap compared with large life insurance companies in our country.

  1. Strategies on Short-term Health Insurance Claims Risk Management Life Insurance Company%寿险公司短期健康险理赔风险管理对策研究

    Institute of Scientific and Technical Information of China (English)

    张懿

    2014-01-01

    Health insurance business in the life insurance market is in a slow development compared with other types of insurance, and there are diverse potential risks in its claiming due to the factors such as the unwilling cooperation of medical institutions and other third parties and over-treatment of patients. Hence, the insurance companies has always kept a high loss ratio on this type of insurance business. It is very necessary to carry out the risk management on the claims process and make up relevant strategies. Within the improvable domain, the companies can reduce the needless losses resulting from risks in claims links and the loss ratio, raise the renewal ratio of insurance, and make favorable benefits.%我国人身保险市场上的健康保险业务与其他险种相比发展缓慢,且在理赔时往往因医疗机构等第三方配合度低、患者过度治疗等因素存在各类理赔风险隐患,使得保险公司在这一险种业务上的赔付率过高。因此,对理赔过程进行风险管理并制定相应对策是非常必要的。在可改进的范围内,公司可以减少因理赔各环节风险因素可能带来的不必要赔付,降低赔付率,提高续保率,创造良好的收益。

  2. The Analysis of Advantage and Disadvantage on the Insurance Companies to Undertake the Major Illness Medical Insurance%商保经办大病保险的优劣势比较分析

    Institute of Scientific and Technical Information of China (English)

    朱铭来; 宋占军

    2014-01-01

    Based on the practice of medical insurance both in and abroad, we analyses the advantage and disadvantage of the insurance companies to undertake the major illness medical insurance in the aspects of administration fee, economic burden, cost control and service. We point out that with specific target and the improvement of supervision and evaluation system, the insurance companies can increase their performance.%本文基于国内外医疗保障经办的实践,从管理成本、人力负担、费用控制等角度分析商保经办大病保险的优劣势。指出未来商保良好绩效的实现,需要其明确战略目标,不断提升经营管理水平,同时也需要相关监管和评估机制的进一步完善。

  3. 我国人寿保险公司经营绩效的DEA有效性分析%Efficiency Analysis of DEA on Life Insurance Companies'Performance

    Institute of Scientific and Technical Information of China (English)

    蒋才芳; 陈收

    2014-01-01

    Market performance reflects the efficiency of market operation and the resource al-location results.Through the input-oriented model of the data envelopment analysis (DEA),we analyzed the efficiency of 30 life-insurance companies'performance from 2002 to 2011.The empir-ical results showed that the efficiency of China's invested life insurance companies'performance was proportional to their size,the efficiency of sino-foreign j oint ventures'performance was lower than that of China-invested life insurance,and the efficiency of total life-insurance market's per-formance was positively correlated to national economic development and macroeconomic policy of life-insurance.%市场绩效反映了市场运行的效率和资源配置的效果,运用数据包络分析(DEA)投入导向型模型,考量我国30家人寿保险公司2002~2011年经营绩效的有效性,结果显示,中资寿险公司经营绩效 DEA相对有效性与人寿保险公司规模成一定正相关关系,中外合资或外资寿险公司经营绩效 DEA 有效性低于中资寿险公司经营绩效的有效性,我国寿险市场保险公司经营绩效与国民经济发展以及人寿保险宏观管理政策有较强正相关性。

  4. Auto Insurance Rates for Market-oriented and the Coping Strategies of the Domestic Property Insurance Companies%车险费率市场化及国内财险公司的应对策略

    Institute of Scientific and Technical Information of China (English)

    汪丽

    2011-01-01

    "十二五"时期车险费率市场化改革可能在全国范围内推行,这将会对整个车险市场产生深远影响。国内财险公司应积极把握车险费率市场化政策机遇,采取创新产品服务、拓宽销售渠道、控制费用以及互利合作等策略,避免单纯的价格竞争,促进我国车险市场的健康有序发展。%Market-oriented reforms will be adopted in auto insurance rates during this five-year plan in our country,which will also have a profound impact on the auto insurance market.Domestic property insurance companies should actively grasp the opportunity,taking innovative products and services,expanding sales channels,controlling costs and mutually beneficial cooperation and other strategies to avoid pure price competition and promote insurance market to achieve healthy and orderly development.

  5. Musica Humana og musikterapi

    DEFF Research Database (Denmark)

    Schou, Karin

    2005-01-01

    I pressen har Musica Humanas projekter på flere danske sygehuse jævnligt været omtalt i de seneste to år, særligt i forbindelse med udgivelsen af serien MusiCure’s foreløbig fire Cd’er. Ordet ’musikterapi’ er blevet anvendt til beskrivelse af disse projekters metode. I artiklen redegøres for defi......I pressen har Musica Humanas projekter på flere danske sygehuse jævnligt været omtalt i de seneste to år, særligt i forbindelse med udgivelsen af serien MusiCure’s foreløbig fire Cd’er. Ordet ’musikterapi’ er blevet anvendt til beskrivelse af disse projekters metode. I artiklen redegøres...... for definitioner af relevante niveauer af musikterapi i denne sammenhæng; Musica Humanas formål; MusiCure’s tilblivelse; baggrunden for og relevansen af en musikterapeuts tilstedeværelse i Musica Humana, samt hvilken rolle musikterapeuten kan spille i denne sammenhæng. Medlemmer af Musica Humanas styregruppe...... bidrager med udsagn om deres opfattelse af relevansen af en musikterapeut som ressourceperson i Musica Humana....

  6. Musica Humana og musikterapi

    DEFF Research Database (Denmark)

    Schou, Karin

    2005-01-01

    I pressen har Musica Humanas projekter på flere danske sygehuse jævnligt været omtalt i de seneste to år, særligt i forbindelse med udgivelsen af serien MusiCure’s foreløbig fire Cd’er. Ordet ’musikterapi’ er blevet anvendt til beskrivelse af disse projekters metode. I artiklen redegøres for defi......I pressen har Musica Humanas projekter på flere danske sygehuse jævnligt været omtalt i de seneste to år, særligt i forbindelse med udgivelsen af serien MusiCure’s foreløbig fire Cd’er. Ordet ’musikterapi’ er blevet anvendt til beskrivelse af disse projekters metode. I artiklen redegøres...... for definitioner af relevante niveauer af musikterapi i denne sammenhæng; Musica Humanas formål; MusiCure’s tilblivelse; baggrunden for og relevansen af en musikterapeuts tilstedeværelse i Musica Humana, samt hvilken rolle musikterapeuten kan spille i denne sammenhæng. Medlemmer af Musica Humanas styregruppe...... bidrager med udsagn om deres opfattelse af relevansen af en musikterapeut som ressourceperson i Musica Humana....

  7. Research on the Reverse Mortgage Endowment Insurance of the Insurance Companies in China%我国保险公司开展住房反向抵押养老保险的研究

    Institute of Scientific and Technical Information of China (English)

    王远卓

    2016-01-01

    In recent years, with the deepening of China's aging population, the traditional family structure of basic pension system changes and social pressures, how to improve the living condition of the elderly, improve old people's self-protection ability, has become a major problem faced by society as a whole, "house-for-pension scheme" mode of voice the rising, and the insurance company to carry out a reverse mortgage endowment insurance business can provide an effective path for the implementation of house-for-pension scheme "mode. This paper will introduce the concept and features of housing reverse mortgage endowment insurance, signiifcance and feasibility analysis of our country to carry out reverse mortgage endowment insurance business, and explore our country to carry out a reverse mortgage housing endowment pattern. On this basis, this paper will systematically elaborate the insurance company to carry out the housing reverse mortgage endowment insurance business has the unique advantages and the existence of obstacles, and to solve these obstacles put forward related suggestions.%近年来,随着我国人口老龄化程度加深、传统家庭结构发生变化和社会基本养老保障体系的压力加剧,如何改善老年人群体的生活状况,提高老年人的自我保障能力,成为了整个社会面临的一大难题,“以房养老”模式的呼声日益高涨,而保险公司开展住房反向抵押养老保险业务就可以为“以房养老”模式提供一种切实有效的实施路径。本文将介绍住房反向抵押养老保险的概念与产品特征,我国开展住房反向抵押养老保险业务的意义和可行性分析,以及我国开展住房反向抵押养老模式的探索。在此基础上,本文将系统阐述保险公司开展住房反向抵押养老保险业务所具备的独特优势和存在的阻碍因素,并对解决这些阻碍因素提出相关建议。

  8. The Design and Application of the Credit Rating Index System for the Insurance Company%保险公司资信评级指标体系的设计与应用

    Institute of Scientific and Technical Information of China (English)

    谭中明; 胡百灵; 卜松

    2012-01-01

    Constructing a scientific insurance company credit rating index system has a great significance in impro ving the insurance information disclosure system, and strengthening the policyholder's trust in the insurance compa ny. It also has a great significance in improving the insurance supervision work. Based on the characteristics of the insurance industry and insurance company's credit characteristics,this paper designed a set of insurance company's credit rating index system from the quantitative and qualitative aspects. Then, using the factor analysis method, it an alyzed 20 sample insurance companies' credit status, and at last, put forward detailed suggestions on how to perfect our country's insurance company credit rating system.%建立科学的保险资信评级体系对完善保险信息披露制度,增进投保人对保险公司的信任,改进保险监管工作意义重大。本文依据我国保险行业特点和保险公司信用特征,从定性和定量两方面构建了一套保险公司资信评级指标体系,并以此为基础,运用因子分析法,对20家样本保险公司资信状况进行应用分析,最后就如何建立健全我国保险公司资信评级制度提出了对策建议。

  9. 78 FR 66661 - Restrictions on Sales of Assets of a Covered Financial Company by the Federal Deposit Insurance...

    Science.gov (United States)

    2013-11-06

    ... (13 CFR 121.201), a ``small entity'' includes those firms in the ``Finance and Insurance'' sector... certification form does not require the use of professional skills or the preparation of special reports...

  10. From health plan companies to international insurance companies: changes in the accumulation regime and repercussions on the healthcare system in Brazil

    Directory of Open Access Journals (Sweden)

    Ligia Bahia

    Full Text Available Abstract: The concentration and internationalization of health plan companies in Brazil gave them a clearly financial face. Based on the need to understand the health care industry's capital accumulation patterns, the current study examines health plan companies' expansion strategies through the classification of their supply and demand characteristics by recent historical periods and an analysis of recent shareholding trends in one of the leading corporations in the Brazilian health care industry. The 1960s to 2000s witnessed changes in the scale of demands for health plans and adherence by companies to long-term accumulation strategies. Beginning in the early 21st century, changes in the shareholding structures of the largest Brazilian company, consistent with the financialization of its accumulation regime, resulted in the rapid multiplication of its capital. Deepening segmentation of the health care system in a context marked by the downturn in the national economy challenges the preservation of public subsidies for private health plans.

  11. Effect of Imposing Inheritance Tax on Life Insurance Business:a case study based on China Ping An Life Insurance Company%开征遗产税对人寿保险业务的影响

    Institute of Scientific and Technical Information of China (English)

    林娟娟

    2014-01-01

    以个案分析为主,同时辅以调查、文献分析、功能分析、数量研究、数学统计工具等方法对未来开征遗产税对中国平安人寿保险股份有限公司可能造成的影响进行研究分析。研究结果表明遗产税的开征在很大程度上对人寿保险的业务量、产品种类、营销、相关法律等方面产生影响。%Since Opening up and reform, the wealth accumulated by common people has greatly increased and the gap between the rich and the poor has widened. China has not yet imposed inheritance tax; however, the possibility of imposing inheritance tax is high. In recent years, academia and practice circle has given more attention to inheritance tax. It is human nature to go after profits and avoid unfavourable results, therefore, if inheritance tax is imposed, great effects will be exerted on life insurance business. Based on a case study, this paper takes advantage of surveys, literature analysis, and functional analysis, mathematical and statistical tools to study China Ping An Life Insurance Company. The results show that imposing inheritance tax will have impact on life insurance premiums, policy types, marketing strategies and relevant regulations.

  12. Insurance Risks – Hedging Techniques

    OpenAIRE

    Botea Elena Mihaela; Sahlian Daniela Nicoleta; Stanila Oana Georgiana

    2011-01-01

    Insurance companies by their specific activity and by the variety of operations are exposed to a multitude of risks. We can say that the risk is the basic condition of the insurance. If there were no risks, there would be no insurance. Therefore, risk insurance is a specific element, being subject to any insurance contract. Seeking a definition for risk, one can say that “risk is a danger, a threat faced by goods, people, businesses and insurance companies may provide”. The insurance companie...

  13. Are they worth it? Executive compensation, company performance don't always relate at top hospital, post-acute and insurance companies.

    Science.gov (United States)

    Galloro, Vince; Benko, Laura B

    2003-08-04

    Modern Healthcare's first comprehensive report on CEO pay at the top for-profit healthcare providers and insurers shows pay and stock performance aren't always linked. One exception is Norman Payson, left, who was tapped in 1998 to help turn around then-faltering Oxford Health Plans. He pulled in total direct compensation of $76 million last year, including $73 million in exercised stock options.

  14. Serbian insurance market: Select issues

    Directory of Open Access Journals (Sweden)

    Obadović Mirjana M.

    2010-01-01

    Full Text Available Every day insurance companies face a number of risks arising from the insurance industry itself, as well as risks arising from insurance company operations. In this constant fight against risks insurance companies use different models and methods that help them better understand, have a more comprehensive view of, and develop greater tolerance towards risks, in order to reduce their exposure to these risks. The model presented in this paper has been developed for implementation in insurance risk management directly related to insurance company risk, i.e. it is a model that can reliably determine the manner and intensity with which deviations in the initial insurance risk assessment affect insurance company operations, in the form of changes in operational risks and consequently in insurance companies’ business strategies. Additionally we present the implementation of the model in the Serbian market for the period 2005-2010.

  15. On the management of life insurance company risk by strategic choice of product mix, investment strategy and surplus appropriation schemes

    DEFF Research Database (Denmark)

    Bohnert, Alexander; Gatzert, Nadine; Jørgensen, Peter Løchte

    2015-01-01

    The aim of this paper is to analyze the impact of management’s strategic choice of asset and liability composition in life insurance on shortfall risk and the shareholders’ fair risk charge. In contrast to previous work, we focus on the effectiveness of management decisions regarding the product...... mix and the riskiness of the asset side under different surplus appropriation schemes. We propose a model setting that comprises temporary life annuities and endowment insurance contracts. Our numerical results show that the effectiveness of management decisions in regard to risk reduction strongly...... depends on the surplus appropriation scheme offered to the customer and their impact on guaranteed benefit payments, which thus presents an important control variable for the insurer....

  16. 29 CFR 2550.401c-1 - Definition of “plan assets”-insurance company general accounts.

    Science.gov (United States)

    2010-07-01

    ...) were not satisfied, the insurer cures the non-compliance through satisfaction of the requirements in... individual and group life, health, disability, and annuity contracts. Experience rated general account... fiduciaries which do not arise from the management of general account assets, as well as to...

  17. Study on the Economic Efficiency of China's Life Insurance Companies by DEA%DEA 对我国寿险公司的经济效率研究

    Institute of Scientific and Technical Information of China (English)

    栾秀云; 李苗苗

    2013-01-01

      本文采用数据包络分析方法(DEA)对13家寿险公司的经济效率进行对比分析,在数据结果分析的基础上,提出改善寿险公司经营效率的主要措施,促进寿险企业经济发展。%This paper made comparative analysis of economic efficiency of 13 life insurance companies by DEA, based on results of data analysis, made the key measure in improving the operating efficiency of life insurance companies to promote economic development in life insurance companies.

  18. Farmers Insures Success

    Science.gov (United States)

    Freifeld, Lorri

    2012-01-01

    Farmers Insurance claims the No. 2 spot on the Training Top 125 with a forward-thinking training strategy linked to its primary mission: FarmersFuture 2020. It's not surprising an insurance company would have an insurance policy for the future. But Farmers takes that strategy one step further, setting its sights on 2020 with a far-reaching plan to…

  19. 浅议基层保险公司财务如何做好服务与管控%On Financing Service and Management of Basic-level Insurance Company

    Institute of Scientific and Technical Information of China (English)

    张爱华

    2013-01-01

    This article analyzes the service and management way of basic-level insurance company financing. The financing of basic-level insurance company is expounded from three aspects:way of service, way of refining and way of management.%分析基层保险公司财务如何服务与管控。分别从如何服务、如何细化、如何管控的角度,来阐述基层保险的财务行为。

  20. Nonlife Insurance Pricing:

    Science.gov (United States)

    Darooneh, Amir H.

    We consider the insurance company as a physical system which is immersed in its environment (the financial market). The insurer company interacts with the market by exchanging the money through the payments for loss claims and receiving the premium. Here, in the equilibrium state, we obtain the premium by using the canonical ensemble theory, and compare it with the Esscher principle, the well-known formula in actuary for premium calculation. We simulate the case of car insurance for quantitative comparison.

  1. Dental insurance! Are we ready?

    Directory of Open Access Journals (Sweden)

    Ravi SS Toor

    2011-01-01

    Full Text Available Dental insurance is insurance designed to pay the costs associated with dental care. The Foreign Direct Investment (FDI bill which was put forward in the winter session of the Lok Sabha (2008 focused on increasing the foreign investment share from the existing 26% to 49% in the insurance companies of India. This will allow the multibillion dollar international insurance companies to enter the Indian market and subsequently cover all aspects of insurance in India. Dental insurance will be an integral a part of this system. Dental insurance is a new concept in Southeast Asia as very few countries in Southeast Asia cover this aspect of insurance. It is important that the dentists in India should be acquainted with the different types of plans these companies are going to offer and about a new relationship which is going to emerge in the coming years between dentist, patient and the insurance company.

  2. Dental insurance! Are we ready?

    Science.gov (United States)

    Toor, Ravi S S; Jindal, R

    2011-01-01

    Dental insurance is insurance designed to pay the costs associated with dental care. The Foreign Direct Investment (FDI) bill which was put forward in the winter session of the Lok Sabha (2008) focused on increasing the foreign investment share from the existing 26% to 49% in the insurance companies of India. This will allow the multibillion dollar international insurance companies to enter the Indian market and subsequently cover all aspects of insurance in India. Dental insurance will be an integral a part of this system. Dental insurance is a new concept in Southeast Asia as very few countries in Southeast Asia cover this aspect of insurance. It is important that the dentists in India should be acquainted with the different types of plans these companies are going to offer and about a new relationship which is going to emerge in the coming years between dentist, patient and the insurance company.

  3. From health plan companies to international insurance companies: changes in the accumulation regime and repercussions on the healthcare system in Brazil.

    Science.gov (United States)

    Bahia, Ligia; Scheffer, Mario; Tavares, Leandro Reis; Braga, Iale Falleiros

    2016-11-03

    The concentration and internationalization of health plan companies in Brazil gave them a clearly financial face. Based on the need to understand the health care industry's capital accumulation patterns, the current study examines health plan companies' expansion strategies through the classification of their supply and demand characteristics by recent historical periods and an analysis of recent shareholding trends in one of the leading corporations in the Brazilian health care industry. The 1960s to 2000s witnessed changes in the scale of demands for health plans and adherence by companies to long-term accumulation strategies. Beginning in the early 21st century, changes in the shareholding structures of the largest Brazilian company, consistent with the financialization of its accumulation regime, resulted in the rapid multiplication of its capital. Deepening segmentation of the health care system in a context marked by the downturn in the national economy challenges the preservation of public subsidies for private health plans. Resumo: A concentração e internacionalização de empresas de planos de saúde no Brasil conferiram-lhes feição financeira. Considerando a necessidade de compreender os padrões de acumulação desse setor, o trabalho examina estratégias de expansão das empresas de planos de saúde por meio da periodização de atributos da oferta e demanda e exame da trajetória patrimonial recente de um dos grandes grupos do setor. Entre os anos 1960 e 2000, ocorreram alterações na escala das demandas por planos de saúde e adesão das empresas a estratégias de acumulação de longo prazo. A partir do século XXI, as alterações nas estruturas societárias da maior empresa brasileira, compatíveis com o regime de acumulação financeirizada, resultaram na multiplicação de seu capital em um curto intervalo de tempo. O aprofundamento da segmentação do sistema de saúde, em um contexto marcado pela desaceleração da economia, questiona a

  4. Insurance Incentives for Health Promotion.

    Science.gov (United States)

    Hosokawa, Michael C.

    1984-01-01

    To reduce the cost of reimbursements, many insurance companies have begun to use insurance incentives as a way to motivate individuals to participate in health promotion activities. Traditional health education, research and demonstration, and policy-premium incentives are methods of health promotion used by life and health insurance companies.…

  5. 保险公司资本结构的动态调整机制研究%Research on Dynamic Adjustment Mechanism of the Insurance Company's Capital Structure

    Institute of Scientific and Technical Information of China (English)

    汤谷良; 赵玉涛; 邵宇

    2015-01-01

    Five propositions and the dynamic adjustment mechanism of the insurance company's capital structure are put forward on the basis of contingency theory and capital structure theory. Taking the four public insurance companies listed in A shares-China Life, Ping An insurance, CPIC and NCL as examples, the paper analyzes capital structure adjustments behaviors that the insurance companies made based on enterprise valve, solvency, business strategy, macro-economic environment and capital structure, and verifies the accommodated degree of the five propositions and the dynamic adjustment mechanism of the insurance company's capital structure. Researching results showed that the capital structure adjustment of insurance company is the result of dynamic adjustment in combination between solvency supervision aim and enterprise value. Business strategy, macro-economic environment and capital market also play important roles on the adjustment of capital structure of the insurance company. The insurance company should adjust its capital structure and dynamically consider all kinds of determinants.%基于权变理论和资本结构理论的相关研究提出了五个命题与保险公司资本结构的动态调整机制,并以国内A股上市的中国人寿、中国平安、中国太保和新华保险等四家保险公司为例,通过比较分析保险公司根据企业价值、偿付能力、企业战略、宏观经济环境、资本市场等调整资本结构的行为,并验证五个命题和保险公司资本结构动态调整机制在我国的适应程度。研究发现,保险公司资本结构的调整需要保险公司在偿付能力监管目标和企业价值目标之间进行动态调整;企业战略、宏观经济环境和资本市场对保险公司资本结构调整均有着明显的影响;保险公司要根据环境的变化,综合考虑各方面的因素调整资本结构。

  6. Impact of a hypertension management/health promotion program on commercial driver's license employees of a self-insured utility company.

    Science.gov (United States)

    Harshman, Robert S; Richerson, Gerald T; Hadker, Nandini; Greene, Beth L; Brown, T Michelle; Foster, Talia S; Turner, Beverly H; Skrepnek, Samantha H; Doyle, Joseph J

    2008-03-01

    Federal regulations governing transportation safety disqualify commercial drivers with persistent uncontrolled hypertension. We sought to determine whether a hypertension management and health promotion program designed for commercial drivers improved blood pressure (BP) outcomes among drivers employed by a self-insured utility company. This retrospective study examined the employment-related medical examinations of 501 randomly selected commercial drivers for measurements of BP, height, and weight taken before and after the intervention. After the program, significantly fewer employees had uncontrolled hypertension according to the Department of Transportation hypertension guidelines (17.2% vs 26.1%, P commercial drivers, improving their health and safety, and reducing the number at high risk of medical disqualification.

  7. Building The Enterprise Virtualization Platform Of An Insurance Company%保险公司企业级虚拟化平台建设

    Institute of Scientific and Technical Information of China (English)

    胡琼

    2012-01-01

    This article analyzes the current situation of application and virtualization of an insurance company, and lays emphasis on the process of building the enterprise virtualization platforrn, and subsequently describes the some problems of virtualization, at last , prospects the future of virtualization.%通过对保险公司应用现状和虚拟化应用的分析,着重介绍了保险公司企业虚拟化平台建设的步骤与其他信息系统建设不同点,描述了虚拟化建设存在的问题,最后对虚拟化的发展趋势进行了展望。

  8. 保险公司的最优投资与一般再保险策略%OPTIMAL AND GENERAL REINSURANCE POLICIES FOR INSURANCE COMPANY

    Institute of Scientific and Technical Information of China (English)

    赵守娟; 杨青龙; 庄乐森

    2012-01-01

    本文研究了在股票价格服从几何布朗运动的假设下,原保公司考虑再保险时的最优投资问题.运用动态规划和鞅方法,得到了一般最优控制问题所满足的HJB方程以及该方程的识别定理,并分别对比例再保险和超额再保险做了详细分析.%The optimal investment strategy with the general reinsurance strategy of the original insurance company is considered when the stock price is modeled by geometric Brownian motion. By using the dynamic programming and the martingale principle, we obtain the HJB equation of the optimal control and its the verification theorem and analyze the examples of proportional reinsurance and excess of loss reinsurance.

  9. Vida humana y persona

    Directory of Open Access Journals (Sweden)

    Antonio Marlasca López

    2002-09-01

    Full Text Available En este ensayo, más que un juego lingüístico de términos y expresiones, se tratara de enfatizar los términos vida humana y persona humana, como estos de la simple sinonimia en la conversación habitual, han sido trastocados en sofisticado instrumento jurídico, al concluir en Costa Rica la Sala Constitucional, por quien sabe que ciencia infusa, que el embrión recién fecundado ya es persona. Por tanto se enfatiza con fuerza el contrasentido de aseverar que el principio y el producto son lo mismo, entendiendo que la semilla es diferente al fruto, citando a Savater, cuando dijo que el que come un huevo no ha comido pollo. El embrión recién fecundado o pre-embrión, es principio, semilla, potencia, quizás un día sea persona, de ahí la conclusión de que no toda vida humana es persona humana.In this essay, more than a linguistic game of terms and expressions, we treat the meanings of human life and the human person, and how this simooms in the habitual language, have been to changed into a sophisticated judicial tool, by the conclusion of the Costa Rican Constitutional Court, who using a mysterious science, has said that once the ovule has been fecund, it is a human being. For that reason we emphasize the contra sense to sever that the beginning is the same than the product, understanding that the seed is different than the fruit, referring to Savater, when he said, when you eat an egg you are not eat chicken. The embryo recently fecund or pre-embryo is beginning, seed, potency, maybe one day it will be a human person, from there the conclusion that not all human life is a human person.

  10. Performance Evaluation of Chinese Auto Insurance Business-A Case Study of Hunan Branch of a Property Insurance Company%我国车险业务经营绩效评价研究以某财险公司湖南分公司为例

    Institute of Scientific and Technical Information of China (English)

    杨卫平; 唐达

    2015-01-01

    财产保险公司绝大部分业务来自于车险业务,因而车险业务的绩效关系到财险公司的经营业绩,甚至整个保险业的稳定和健康发展。从承保、理赔、续保及财务四个方面选取17个具体指标构建车险业务绩效评价指标体系进行有效性检验,计算某财险公司湖南分公司车险业务绩效水平指数,评价其车险业务经营状况。结果显示:该公司财务指标对车险业务影响的权重最大,综合车险指数呈上升趋势,表现出较好的经营状况。%The vast majority of property insurance businesses comes from auto insurance,and thus the performance of auto insurance business affects property insurance company's operating performance,or even the stabilization and healthy development of the entire insurance industry. 17 specific indicators were selected from four aspects,i.e.,underwriting,claims,renewal and fi-nancials,to build an auto insurance business performance evaluation system for validity.Auto in-surance business performance level index of a property company's Hunan Branch is calculated to evaluate its business operations.The results show that the company's financial indicators accounts for the maximum weight impacting insurance business and the comprehensive car insurance index has an upward trend,which signifies a good operating condition.

  11. Analysis on the Insurance Company Marketing Channel Resources Integration and Innovation%保险公司营销渠道资源整合与创新分析

    Institute of Scientific and Technical Information of China (English)

    谭军; 刘力臻

    2011-01-01

    In the days that insurance subjects grow increasingly and the product, price and even advertisement of insurance turn homogeneous, keeping innovation in the insurance marketing channel become the focus point and resources of obtaining sustaining competitive advantage. The article analyzes the problems and causes in marketing channels of Chinese insurance companies, and based on the example of PING AN Insurance Company, it uses the marketing theories and combines the features of insurance industry to analyze PING AN's advantage features and try to advocate a suppose of building a new integrated structure of internal channels.%在保险主体日益增多,保险产品、价格乃至广告同质化日趋加剧的今天,保险营销渠道结构的持续性创新成为保险业关注的重心和建立持续竞争优势的源泉。本文分析了我国保险公司渠道营销中存在的问题及其成因,结合营销理论与保险业的相关特点,以平安保险公司为例,解析其优势特点并尝试提出建立新型内部渠道整合结构的设想。

  12. 我国寿险公司范围经济效应的实证研究%An Empirical Study of the Economies of Scope in China's Life Insurance Companies

    Institute of Scientific and Technical Information of China (English)

    张宗军

    2013-01-01

      The insurance industry carried out separating operation since 1996.The number of life insurance companies increased dramatically. The new life insurance products had dominated the life insurance business. This article applied the translog cost function method to test the scope of economy factor of 29 life insurance companies during the period of 2005 to 2010.Based on each company's financial condition and operating history and other factors, the paper analyzed which companies existed true economies of scope and false economies of scope. Further the paper pointed out that the structural adjustment of life insurance business lack internal market incentives, and need to drive by the strong external force.%  我国自1996年实施产寿分业经营以来,人身保险业务快速增长,寿险公司数量急剧增加,寿险公司业务中新型寿险的比重不断上升,呈现出“一险独大”的市场状况。运用超越对数成本函数,对国内29家具有代表性的寿险公司2005-2010年期间的范围经济状况进行检验的结果显示:不同规模和背景的寿险公司的范围经济系数均比较明显,但是很多寿险公司所表现出来的范围经济性具有“欺骗性”。因此,寿险业务结构调整缺乏内部的市场激励,需要强有力的外部力量推动。

  13. PERSONA HUMANA Y PERSONALISMO

    OpenAIRE

    Elio Sgreccia

    2013-01-01

    En la primera parte del artículo se analiza la evolución histórico-filosófica del concepto de persona humana, desde la antigüedad hasta el pensamiento contemporáneo, enunciando las ideas más relevantes al respecto. En la segunda parte se realiza un análisis crítico de las posiciones reduccionistas o empiristas, en particular de las de Engelhardt y el utilitarismo, analizando algunas de sus consecuencias prácticas en bioética. El autor concluye enunciando lo que serían los principios fundament...

  14. HEALTH INSURANCE

    CERN Multimedia

    Division HR

    2000-01-01

    Change of name for AUSTRIA As of October 1, the AUSTRIA Assurances S.A. company will change its name to: UNIQA Assurances S.A. It inherits the same name as its parent Austrian company, which adopted it towards the end of 1999. This change has no effect on the contract which binds it to CERN for the administration of our Health Insurance Scheme. New insurance cards will be sent to you by UNIQA and the printed forms and envelopes will gradually be updated with the new name. Postal and phone addresses remain unaffected by the change. You should address your postal mail to: UNIQA Assurances rue des Eaux Vives 94 case postale 6402 1211 Genève 6 You may telephone your usual contact persons at the same numbers as before and send e-mails to the UNIQA office at CERN at: UNIQA.Assurances@cern.ch

  15. [Users and the technological transition in the supplemental health sector: case study of a health insurance plan company].

    Science.gov (United States)

    Meneses, Consuelo Sampaio; Cecilio, Luiz Carlos de Oliveira; Andreazza, Rosemarie; Araújo, Eliane Cardoso de; Cuginotti, Aloísio Punhagui; Reis, Ademar Arthur Chioro dos

    2013-01-01

    This paper presents the results obtained from qualitative research conducted with a group of users involved in Case Management, a program which was developed by a company of a medical group to provide healthcare for patients in situations of high vulnerability. The study sought to create a perspective in which the experience of the user, instead of representing merely additional or superimposed information upon the quality of services, is considered an inherent part of the arrangement under scrutiny, with the ability to highlight its internal qualities and contradictions. The results show how patients attribute high value to the healthcare they receive, with special emphasis on the bond that is created with the health team in charge, even when contact is only by telephone. Simultaneously, they are able to perceive the double-sided aspect presented by the regulation/assistance model found in the technological arrangement at issue, notably in relation to the prominent role played by the economic bias towards cost reduction--which lies in the forefront of its operationalization--and the final impact it has upon the final quality of healthcare.

  16. La agresividad humana

    Directory of Open Access Journals (Sweden)

    Olimpia López Avendaño

    2004-01-01

    Full Text Available En este artículo se comparan los planteamientos de Sigmund Freud, Herbert Marcusse y Erich Fromm en torno a la agresividad humana. Analizar esta temática en el contexto actual es relevante dado el incremento de acciones que conllevan gran dosis de violencia tanto en el plano físico, como en el psicológico y espiritual, así como la urgencia de plantear soluciones. La posición de los tres autores permite visualizar la pertinencia de explicaciones que tienden a asumirse en la vida cotidiana en torno a este fenómeno y, sobre todo, construir nuevas perspectivas que las relean, trasciendan y enriquezcan.

  17. PERSONA HUMANA Y PERSONALISMO

    Directory of Open Access Journals (Sweden)

    Elio Sgreccia

    2013-01-01

    Full Text Available En la primera parte del artículo se analiza la evolución histórico-filosófica del concepto de persona humana, desde la antigüedad hasta el pensamiento contemporáneo, enunciando las ideas más relevantes al respecto. En la segunda parte se realiza un análisis crítico de las posiciones reduccionistas o empiristas, en particular de las de Engelhardt y el utilitarismo, analizando algunas de sus consecuencias prácticas en bioética. El autor concluye enunciando lo que serían los principios fundamentales de la bioética personalista, su fundamentación ontológica, así como el posible desarrollo contemporáneo de la intuición inicial, enunciada por vez primera por Sgreccia en los ochenta.

  18. Gear damage irritates insurance companies. Damage extends to the MW class; Getriebeschaeden veraergern die Versicherer. Tueckische Schaedlinge nun auch in die MW-Klasse eingewandert?.

    Energy Technology Data Exchange (ETDEWEB)

    Iken, J.

    2003-12-31

    Gear damage was widespread in the 500/600 MW class and is now continuing in the MW class. Insurance companies are irritated. In 2002, the Allianz Versicherungs-Aktiengesellschaft was notified of more than 1,200 cases with a total cost of nearly 9 million Euros. The most costly damage case amounted to 2.3 million Euros. According to the Allianz Zentrum fuer Technik, damage is most frequent in roller bearings and gears. [German] Massenhafte Getriebeausfaelle sorgten einst in der 500/600-kW-Klasse fuer Aufsehen. Es ist zu befuerchten, dass sich die Serie in der Multimegawatt-Klasse fortsetzt. Die Versicherer sind veraergert. Im Jahr 2002 registrierte die Allianz Versicherungs-Aktiengesellschaft mehr als 1.200 Schaeden an Windenergieanlagen (WEA) mit einer Schadenssumme von knapp 9 Mill. Euro. Das teuerste Einzelereignis kostete den Versicherungskonzern 2,3 Mill. Euro. Das Allianz Zentrum fuer Technik (AZT), das die Ursachen der Schaeden an WEA erforscht, stellte zwar fest: 'Die Erfahrung zeigt, dass es bei nahezu bei jeder Komponente einer WEA zu Schaeden kommt'. Um dann allerdings fortzufahren: 'Schadenschwerpunkte sind Waelzlager und Getriebe'. (orig.)

  19. [Why are some drugs so expensive? The price policy of pharmaceutical companies--"digging the grave of our health insurance-system"?].

    Science.gov (United States)

    Glaeske, Gerd

    2008-01-01

    A decisive influence on the attractiveness of the German drug market is exerted by the institutions responsible for the prescribability of a drug in the framework of the Statutory Health Insurance (SHI). In this most lucrative segment of the German market, a host of reforms in recent years has led to declining transparency, where the short-lived regulatory interventions aimed - with limited success - at containing the increase in expenditure on drugs. From 1997 to 2003, however, new and patented drugs were largely protected against regulatory measures, such as fixed reimbursement rates (reference prices). However, only little use was made of this additional promotion of research activities. The majority of the new drugs in this period were me-too products, which only rarely had therapeutic advantages or advantages in the price competition with established medicines. In addition, the pharmaceutical companies widely use the privilege to set a price for drugs being prescribed in the SHI without undertaking any negotiations or presenting cost-effectiveness studies, which is unique in the European comparison. In future, the decision regarding the reimbursability of, or the reimbursable amount for, a preparation should thus be geared to lasting, transparent and unequivocal criteria guided by efficiency optimization and therapeutic progress.

  20. On Robustness of Insurance Companies Based on the Ruin Probability%基于破产概率的保险公司稳健性研究

    Institute of Scientific and Technical Information of China (English)

    姜锦宇

    2014-01-01

    Ruin probability considering the premiums and claims,is a primary indicator of studying the robustness of an insurance company.It is an important tool for risk management.When capital is un-der zero,the bankruptcy will happen.In this paper,we draw a conclusion of ruin probability from the Pa-reto distribution of investment income.On this basis,the paper analyses the parameters and explains with practice situation.%破产概率是研究保险公司稳健性最主要的指标,综合考虑了保费收入与索赔过程,对于风险管理来说是一个重要工具,当资本金小于零时,破产就会发生;在索赔额为帕雷托分布下,研究了带投资收益的保险公司破产概率,在此基础上,对破产概率进行了系统的参数分析,其中既有常数利息力度情况又有布朗运动,并联系实际情况对此作出了解释。

  1. The Impact of Direct and Indirect of internal marketing on service quality and mediating role of OCB CASE: Iran Insurance Company

    Directory of Open Access Journals (Sweden)

    Hassan Ghorbani

    2013-11-01

    Full Text Available Internal Marketing is attracting, developing, motivating, and retaining qualified employees through job-products that satisfy their needs. Organizational citizenship behavior is conceptualized as synonymous with the concept of contextual performance, defined as ‘performance that supports the social and psychological environment in which task performance takes place. Service quality is defined as how well the service meets or exceeds the customers’ expectations on a consistent basis. The conceptual framework presented here derives from a thorough analytical and critical review of the literature on the relationship between internal marketing and the services quality, the role of organizational citizenship behaviors among internal marketing and the services quality and also the impact of internal marketing on the service quality. This study uses a Structure Equation Model (SEM analysis to examine and measure five categories which reflect most of the employees’ discretionary behaviors that can influence the customer-employee interaction facet of Service quality. The statistical population consists of customers who have used services offered by Iran Insurance Company in Isfahan. Random sampling method has been applied to select the appropriate sample. The examinations were done through 190 available questionnaires. Results based on SEM outputs demonstrate acceptance and confirmation of all studied factors. These findings indicate that Internal Marketing has a positive effect on organizational citizenship behavior, Organizational citizenship behavior has a positive effect on service quality and Internal Marketing has a positive and direct effect on service quality.

  2. The Application of Multi-objective Planning Theory in the Decision-making Management of Insurance Company --Taking the Line and Asset Structure Decision-making of Property and Casualty Insurance Company as an Example%多目标规划在保险公司决策管理中的应用研究——以产险公司业务和资产结构决策为例

    Institute of Scientific and Technical Information of China (English)

    李秀芳; 傅国耕

    2012-01-01

    本文在公司价值最大化的终极目标下,通过分析保险公司各个层级的发展目标,指出保险公司的决策管理具有多目标属性。在对多目标规划理论进行系统梳理的基础上,以产险公司的业务和资产结构决策为例,构建了以公司规模、利润和风险为目标的资本和监管约束下的多目标规划模型。分析发现,将多目标规划理论应用于保险公司管理中的确能够平衡不同目标的关系,有效提高公司经营的稳健性。%Under the premise of value maximization of insurance company, this paper analyzed the development objectives at different levels, and pointed out that the decision-making management of insurance company had a multi- ple objective property. Based on the systematic summary of the theory of multi-objective planning, the paper gave an example of the lines and assets structure of a property and casualty insurance company, and constructed a multi-ob- jective planning model covering the company's size, earnings and risks under the restraints of capital and regulation. It found out that, using the theory of multi-objective planning in the management of an insurance company could bal- ance the relationship of different goals, and improve operation robustness of the company.

  3. 26 CFR 1.501(c)(12)-1 - Local benevolent life insurance associations, mutual irrigation and telephone companies, and like...

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 7 2010-04-01 2010-04-01 true Local benevolent life insurance associations...) INCOME TAXES (CONTINUED) Exempt Organizations § 1.501(c)(12)-1 Local benevolent life insurance.... (b) The phrase of a purely local character applies to benevolent life insurance associations, and...

  4. Pricing General Insurance in a Competitive Market

    OpenAIRE

    Burcã Ana-Maria; Bãtrînca Ghiorghe

    2012-01-01

    In insurance industry, the lack of a proper pricing policy will generate suboptimal results. The price has to be competitive and actuarially adequate in order to reflect the dimension of risk. In a competitive market, the pricing policy of insurance companies acquires the capacities of a dynamic process. In this pricing war, the insurance company must analyze each component of pricing. Insurance companies use various statistical methods to set prices, taking in consideration the interaction b...

  5. The Complexity of E-Insurance

    Directory of Open Access Journals (Sweden)

    Marius GAVRILETEA

    2006-01-01

    Full Text Available The importance and increasing role of Internet in nowadays business area are officially recognized. No matter the industry a company is operating in, the distribution channels include direct sales through Internet. Following this idea, also the insurance companies decided to sell their insurance policy online. In this paper we analyze the advantages of Internet for insurance companies, the threats and the actual situation for Romanian insurers

  6. On the choice of the characteristics construction path of insurance company's enterprise culture%保险公司的特色企业文化建设路径选择探析

    Institute of Scientific and Technical Information of China (English)

    2013-01-01

      当前,保险公司企业文化建设存在领导重视不够、管理培育不强、员工参与不足、建设氛围不浓等问题。文章从4方面为保险公司企业文化建设提出了建议。%At present,there are some problems in insurance company's enterprise culture construction such as the absence of leader-ship emphasis,deficiency for management training,insufficiency of staff participation,short of building atmosphere and so on.Sugges-tions for the construction of insurance company's enterprise culture are put forward in this paper from 4 aspect.

  7. A Study on Approaches of Classification Supervision on Property Insurance Companies with the Analytic Hierarchy Model%利用层次分析模型研究财产保险公司监管分类方法

    Institute of Scientific and Technical Information of China (English)

    王智鑫; 罗军; 龙胤

    2012-01-01

    本文根据中国保险监督管理委员会《保险公司分支机构分类监管暂行办法》和陕西省保监局《陕西省保险公司分类监管办法(征求意见稿)》,选择在陕财产保险公司二级机构2010年相关数据,运用层次分析数学模型对相关指标进行分析和评价,与陕西保监局的《陕西省保险公司分类监管办法(征求意见稿)》分析结果进行对比,以达到对财产保险公司省级分支机构监管分类方法的有效性和科学性,积极探索对其分类的新方法和新思路,为财产保险公司二级机构分类监管体系的建立和完善.提供科学的方法依据和理论参考。%Accord to Interim Measures for Classification Supervision of Insurance Company Branches issued by China Insurance Regulatory Commission and Measures for Classification Supervision of Shaanxi Provincial Insurance Companies (Consultative Draft) issued by Shaanxi Bureau of CIRC, the paper chooses data of secondary level property insurance companies in Shaanxi province in 2010, analyzes and evaluates the relevant index with analytic hierarchy model, compares the results so as to establish an efficient and scientific classification supervision on provincial property insurance companies, actively explores new measures of classification supervision, and provides a scientific theoretical reference for establishment and improvement of classification supervision system on secondary institutions of property insurance companies.

  8. 我国保险公司客户关系管理应用研究%Research on Application of Customer Relationship Management of Insurance Companies in China

    Institute of Scientific and Technical Information of China (English)

    赖素贞

    2014-01-01

    With the rapid development of our economy,the insurance company economic benefits are gradually improved.However,the issues of backward management idea,imperfect management system,immature application of information technology still restrict the development of insurance company.Therefore,the insurance companies should study on customer relationship management from a strategic perspective.There are three levels explicit management connotation,namely the idea of layer,system layer and layer of technology.The management idea,perfect management system,sound information technology should be extracted to discuss the application of customer relationship management strategy, in order to maximize profit for the enterprise,improve the competitiveness of the insurance company.%伴随我国经济的快速发展,保险公司的经济效益在逐步提高。然而,管理理念落后、管理体制不健全、信息技术应用不成熟的问题依然制约保险公司的发展。保险公司应从战略视角来研究客户关系管理,明确管理内涵的三个层次(理念层、体制层和技术层)并从提炼管理理念、健全管理体制、完善信息技术三个方面系统论述加大客户关系管理应用的策略,以达到企业利润最大化,提高保险公司的竞争力的目的。

  9. LA FORMA HUMANA

    Directory of Open Access Journals (Sweden)

    GERMÁN ENRIQUE BELTRÁN

    2015-03-01

    Full Text Available Como pedagogos constituimos una gran organización  de sinceros aspirantes al poder que proviene del conocimiento,  y el conocimiento es el único poder que necesitamos.  Nos circundan por todos lados las más poderosas fuerzas,  podemos pensar que la dinámica es un poder maravilloso,  una fuerza de gran potencia, cuando se le deja libre,  pero este poder no es nada en comparación con la potencia  del poder y fuerza contenidos en el electrón invisible o átomo  de materia, si pudiéramos liberarlo con tal facilidad como  lo hacemos con la fuerza de la dinámica.  La fuerza llamada de gravitación no es más potente que la  fuerza que cualquier motor eléctrico halla sido capaz de  producir. La fuerza y poder que existe dentro del cuerpo  humano, llamada también vitalidad humana o magnetismo  es mucho mas grande y dinámica de lo que nos imaginamos.  Tenemos también el poder, la fuerza potente que se  manifiesta a través de la mente humana.

  10. Considerations On Security of Building The Backup Center For Disaster Recovery In The Insurance Company%保险公司灾备中心安全性建设思考

    Institute of Scientific and Technical Information of China (English)

    胡琼

    2012-01-01

    This article introduces the standard of government for insurance company and describes three patterns of building backup center for disaster recovery in the insurance company and how to choose them.Subsequently summarizes the general requirements and security regulations、organization structure and staffs、physical security、security technology and security management in security design.At last,analyzes the security problems for building backup center for disaster recovery in insurance company.%文章从政府对保险公司灾备系统建设的规范入手,介绍了保险公司灾备中心的建设的三种模式特点和适合哪些公司选择,针对自建模式下的安全性设计的总体要求和安全规范、组织和人员、物理安全、安全技术、安全管理等几个方面进行了总结,最后对灾备中心自建模式和外包模式建设中碰到典型安全性问题进行了分析。

  11. La agresividad humana

    Directory of Open Access Journals (Sweden)

    López Avendaño, Olimpia

    2004-12-01

    Full Text Available En este artículo se comparan los planteamientos de Sigmund Freud, Herbert Marcusse y Erich Fromm en torno a la agresividad humana. Analizar esta temática en el contexto actual es relevante dado el incremento de acciones que conllevan gran dosis de violencia tanto en el plano físico, como en el psicológico y espiritual, así como la urgencia de plantear soluciones. La posición de los tres autores permite visualizar la pertinencia de explicaciones que tienden a asumirse en la vida cotidiana en torno a este fenómeno y, sobre todo, construir nuevas perspectivas que las relean, trasciendan y enriquezcan. In this article the expositions regarding human aggressiveness by Sigmund Freud, Herbert Marcusse and Erich Fromm are compared. The relevance of this subject's analysis in the present context is due to the increase of actions that entail a great dose of violence in the physical, psychological and spiritual planes; and to the urgency of raising solutions. The three authors' position allows us to see how adequate are the explanations that tend to be assumed in everyday life; and above all allow us to build new perspectives that make a new interpretation of them, that extend and enrich them

  12. 77 FR 56674 - United States v. Humana Inc. and Arcadian Management Services, Inc.; Public Comment and Response...

    Science.gov (United States)

    2012-09-13

    ... Demands and conducted more than fifty-three interviews of health-insurance competitors, brokers, customers... (CMS), have more robust physician networks, and seek high patient satisfaction and quality in order to... by Humana and the DOJ's continued work to ensure that competition among insurers is sufficient to...

  13. THE EVOLUTION OF INSURANCE MARKET IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Florea Ianc Maria Mirabela

    2013-04-01

    Full Text Available Insurance is the economic activity that individuals and businesses are threatened by some danger that, if it would cause damage to health or even life or they can destroy property, agree to remove the financial effects of possible losses transfer to specialized companies in exchange for a sum of money. The specialized companies agree to take over and compensate the financial effects of production risk are called companies or insurance companies. The transfer of the possible financial losses from risk bearers insurance companies called insurance. The insurance and reinsurance operations are conducted in a regulated framework that brings together supply and demand of insurance, insurance market framework known. The insurance market is performing most specific contracts.

  14. Forecasting claims in motor vehicle insurance

    NARCIS (Netherlands)

    Berridge, S.J.

    1998-01-01

    The forecasting of claims is central to the successful operation of an insurance company. Based on six years of claim and policy data for full cover car insurance from a major New Zealand insurance company, we set premiums for rating categories using a simple credibility method, a modified credibili

  15. Forecasting claims in motor vehicle insurance

    NARCIS (Netherlands)

    Berridge, S.J.

    1998-01-01

    The forecasting of claims is central to the successful operation of an insurance company. Based on six years of claim and policy data for full cover car insurance from a major New Zealand insurance company, we set premiums for rating categories using a simple credibility method, a modified credibili

  16. FINANCIAL STABILITY OF INSURANCE AND ITS SOURCES OF SUPPORT

    Directory of Open Access Journals (Sweden)

    R. Pikus

    2016-03-01

    Full Text Available The article describes theoretical aspects of determination of financial stability of insurance companies of Ukraine. It was found the main factors that influence the financial stability of insurance companies. Influencing factors are classified into internal and external and the effects of these factors on insurers' activities are presented. The main criteria of financial stability of insurance companies were deeply analysed and the most significant were chosen: sufficient amount of equity capital, the optimal tariff policy, balanced insurance portfolio, secure and effective reinsurance program, sufficient amount of insurance reserves for future payments, optimal investment management of insurance reserves and high solvency of an insurance company. Basic directions of provision and maintenance of financial stability of insurance companies in post-crisis period were presented. The main problems of provision and maintenance of financial stability of insurance companies were outlined and recommendations for its strengthening were provided.

  17. WORLD INSURANCE MARKET DEVELOPMENT UNDER DIGITALIZATION

    Directory of Open Access Journals (Sweden)

    T. Motashko

    2016-06-01

    Full Text Available The role of digitalization in the insurance market is investigated, the advantages of digital technology to the insurance market are considered. The main trends of world insurance market under digitalization are analyzed. Key landmarks of insurance companies in modern conditions are distinguished.

  18. Willingness to Pay for Insurance in Denmark

    DEFF Research Database (Denmark)

    Hansen, Jan V.; Højbjerg Jacobsen, Rasmus; Lau, Morten I.

    We estimate the maximum amount that Danish households are willing to pay for three different types of insurance: auto, home and house insurance. We use a unique combination of claims data from the largest private insurance company in Denmark, measures of individual risk attitudes and discount rates...... of the insurance claims....

  19. Is Gibrat's Law Applicable to China's Life Insurance Companies? Study on the Influential Factors of Scales and Growth of Life Insurance Companies%Gibrat法则是否适用于中国寿险公司——兼论寿险公司规模与成长的影响因素

    Institute of Scientific and Technical Information of China (English)

    邵全权

    2011-01-01

    近年来中国寿险市场发展呈现出“寡头主导、大中小共生”的局面。究竟应重点发展“巨无霸”式的金融保险集团,还是应优先发展“船小好掉头”的中小保险公司,这是中国寿险市场面临的一个重要选择。Gibrat法则认为同一行业中的企业,其成长率是独立于其规模的变量,文章对Gibrat法则在寿险业的适用性进行了实证检验,研究结果表明:(1)Gibrat法则对中国的寿险公司不成立,规模越小的公司其成长率越高;(2)寿险公司资产增长率和保费增长率均存在条件收敛效应;(3)寿险公司的产业特点、业务结构和经营产生的外部性会较显著地影响其规模与成长。文章认为中国寿险市场发展的选择如果与本文所揭示的规律相匹配,则寿险业发展会进入良性循环。%In recent years, life insurance market in China shows an oligarchy-led situation with the symbiosis of big, medium and small companies. The life insurance market in China is faced with an important choice concerning its development focus, namely placing emphasis on the development of giant-type financial insurance groups, or giving priority to the development of small- and- medium-sized insurance companies. According to Gibrat 's law, the growth rate of firms in the same industry is independent of their scales, and this paper empirically studies the issues abovementioned through testing the applicability of Gibrat's law to the life insurance industry in China. The findings are shown as follows: firstly, Gibrat's law does not hold in the life insurance industry in China, and the life insurance companies in China with smaller scales have higher growth rates; secondly, there is a conditional convergence effect between asset growth rate and premium growth rate in life insurance industry; thirdly, the industrial charac- teristics, business structures and operation externalities of life insurance

  20. Analysis of Distribution of Claim Ratios and Minimum Solvency Margin for Chinese Non-Life Insurance Companies%我国财险公司赔付率的统计分布与最低偿付能力额度分析

    Institute of Scientific and Technical Information of China (English)

    杨贵军; 赵仲丽; 雷媛

    2012-01-01

    The minimum solvency margin of non--life insurance companies is affected by many factors, such as ones from non--life insurance companies, Chinese insurance industry, international economic circumstance, and et al. Ratio model takes the claim rate as the most important variable, and gives simple and applicable measurement o{ the minimum solvency margin for a non-- life insur- ance company. This paper verifies the distributed identity of claim ratios of Chinese non-- life insur- ance companies by using linear model. The results are used to improve the ratio model and deter mine minimum solvency margin of Chinese non--life insurance companies that have more confidence of the conclusion obtained. Empirical analysis shows that solvency classification regulation for Chi nese non--life insurance companies is an optimal option. It should improve regulatory system of Chinese non--life insurance company.%财险公司最低偿付能力的影响因素很多,包括财险公司内部因素、国内保险业发展状况和国际经济环境变化等。比率法将赔付率作为偿付能力的最重要影响因素,给出了财险公司最低偿付能力额度的简单且实用的度量。本文首先利用线性模型分析我国各财险公司赔付率的分布规律,再结合比率法分析我国财险公司最低偿付能力额度,提高比率法分析结果的可信度。分析结果显示,我国财险公司偿付能力额度应当分类监管。

  1. Insurance in financial system: International and National aspects of development

    OpenAIRE

    Shevchenko, V.

    2008-01-01

    Factors of the insurance development in the financial system, insurance companies functions as financial intermediary, cooperation of insurance with other financial intermediaries, first of all with banks, on the international and national levels are considering

  2. clonación humana

    Directory of Open Access Journals (Sweden)

    Aída María Ponce del Castillo

    2006-01-01

    Full Text Available El incesante desarrollo de la ingeniería genética en el ámbito mundial genera profundos cuestionamientos éticos, legales y sociales por las consecuencias que estas investigaciones pueden tener tanto en los individuos en lo particular, como en el futuro de la especie humana en general. El experto en bioética Leon R. Kass ha realizado un profundo estudio de los alcances de esas experimentaciones, y particularmente con respecto a la clonación humana, advirtiendo situaciones complejas que no se deben pasar por alto. A lo largo de este trabajo examino el pensamiento de Leon Kass respecto a la clonación de seres humanos que, según nos refiere, despersonalizaría la reproducción humana, tendría influencia significativa sobre las generaciones futuras y, finalmente provocaría la degradación del hombre.

  3. Joint-venture Insurance Firm Born

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    @@ Generali China Life insurance Company Ltd.began operations in February this year in Guangzhou,capital of South China's Guangdong Province - the first joint-venture insurer since China joined the World Trade Organization.

  4. Insurance policies revisited; Policen auf dem Pruefstand

    Energy Technology Data Exchange (ETDEWEB)

    Rentzing, Sascha

    2012-04-15

    Insurance policies used to be easy to get, and at favourable conditions. This may soon change as the insurance companies plan to tighten conditions because of an increasing number of damage cases. (orig.)

  5. China's 1st domestic insurer launches operations

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Union Life Insurance has started operations. It's one of 18 locally funded domestic insurance companies, recently approved by the China Insurance Regulatory Commission, in Wuhan, Hubei Province. This is the first domestic insurance company to open its doors, in the past nine years.

  6. SIMULATION OF THE INSURANCE COMPANY’S MARKETING STRATEGY

    Directory of Open Access Journals (Sweden)

    О. Klepikova

    2013-05-01

    Full Text Available The article is devoted the development of marketing strategy of the insurance company with using of mathematical modeling of structures. The algorithm was developed for calculating the coefficient of “probability of insurance policy acquisition” which accumulates the influence of factors related to the feature of providing insurance services and financial activities of the insurance company.

  7. FOREIGN EXPERIENCE IN INTERNET INSURANCE OPERATION

    Directory of Open Access Journals (Sweden)

    A. Tlusta

    2015-04-01

    Full Text Available This paper examines the current state and characteristics of the relationship between the insurance entities in the implementation of online insurance in foreign countries. Studied the basic conditions and development trends of the Internet insurance market in the process of informatization of insurance companies. The basic concept of interaction between the subjects of the insurance market through the website were noticed. The study reveals the necessity and expediency of using new approaches of the acquisition of insurance services via Internet. The problems of implementation and development of online insurance remains valid for all countries, regardless of the state of the insurance market and the financial market as a whole.

  8. 人寿保险公司资金运用研究%Research on Application of Funds of Life Insurance Company

    Institute of Scientific and Technical Information of China (English)

    夏宏雄

    2012-01-01

    This paper lakes the environment faced by the application of insurance funds as research object, starts from the reality of the application of China insurance funds, mainly analyzes and contrasts mode of operation of real life insurance funds from policy perspective to enterprise perspective, based on this, discusses the enlightenment to the application of China insurance funds.%本文以保险资金运用所面临的环境为研究对象,以中国保险资金运用的现实为切入,从政策视角到企业视角,着重分析对比现实人寿保险资金的运作方式,并由此探讨对我国保险资金运用的启示.

  9. A game-theoretic approach to analysis of interaction between medical institution and insurance company in commercial health insurance market%商业健康保险市场中医疗机构与保险公司关系的博弈分析

    Institute of Scientific and Technical Information of China (English)

    常中阳; 严惟力; 李天栋

    2014-01-01

    A game-theoretic analysis of the interaction between medical institutions and health insurance companies was conducted to promote the development of the health insurance business. Several institutional infrastructure were proposed to be constructed,including the construction of information sharing platform between medical institutions and insurance companies,the separation of medical service and pharmaceutical sales together with the spread of the prepaid system,and the strengthening of the law enforcement against the fraud.%为促进我国健康保险市场的平稳发展,对医疗机构与健康保险公司之间的博弈关系进行了分析,结合当前实际,建议政府应当大力推进相关制度基础设施建设,这包括协助建立医疗机构-保险公司信息共享平台、推进医药分家制和费用预付制以及加大对违规医疗机构人员的执法力度等。

  10. 41 CFR 60-300.25 - Health insurance, life insurance and other benefit plans.

    Science.gov (United States)

    2010-07-01

    ... 41 Public Contracts and Property Management 1 2010-07-01 2010-07-01 true Health insurance, life insurance and other benefit plans. 60-300.25 Section 60-300.25 Public Contracts and Property Management..., life insurance and other benefit plans. (a) An insurer, hospital, or medical service company,...

  11. 41 CFR 60-250.25 - Health insurance, life insurance and other benefit plans.

    Science.gov (United States)

    2010-07-01

    ... 41 Public Contracts and Property Management 1 2010-07-01 2010-07-01 true Health insurance, life insurance and other benefit plans. 60-250.25 Section 60-250.25 Public Contracts and Property Management..., life insurance and other benefit plans. (a) An insurer, hospital, or medical service company,...

  12. Insurance payment process for HANDI 2000 business management system

    Energy Technology Data Exchange (ETDEWEB)

    Wilson, D.

    1998-08-24

    The Pensions and Savings group handles three types of payment into and out of Fluor Daniel Hanford related to insurance benefits: Premium payment to insurance company; Application of employee insurance withholding against insurance costs; Remittance of insurance claims, and administrative fees. General approach in making and recording the remittance is by forwarding payment information to Accounts Payable Master.

  13. Insurance adaptation to extreme weather

    Energy Technology Data Exchange (ETDEWEB)

    Wakeford, C. [Institute for Catastrophic Loss Reduction, Toronto, ON (Canada)

    2005-07-01

    This paper examined the role of climate change as a catalyst for specific changes in insurance practices. The presentation addressed how insurance companies are adapting behaviours in response to increasing climate variability and growth in severe weather damage. It discussed ancient examples of insurance as well as more modern insurance practices. Statistics on the number of disasters, global natural disaster economic and insured losses and infrastructure spending are presented. Internal adaptation such as prospective underwriting and incentives and external adaptation such as working with governments and organizations and individuals were also discussed. It was concluded that directions for the future include continued research, heightened awareness and more resilient communities. 3 tabs.

  14. INSURANCE - A RISK COVERING STRATEGY

    Directory of Open Access Journals (Sweden)

    Marius Dan GAVRILETEA

    2014-12-01

    Full Text Available Insurance industry in Romania is facing for a few years a continuous decreasing in Gross Written Premium. The negative trend may be caused by the effects of financial crises for companies and also for individuals. In order to keep theirs market share, insurance companies must identify new opportunities to increase theirs’ GWP. Among these new market niches hospitality industry may represent an option to be followed. In this paper, we will analyze the types of insurance policies available for hospitality industry (except mandatory motors’ third party liability and motors’ own vehicle insurance. The conclusion represents solution both for insurance companies and for hotel as a part of theirs’ risk financing process.

  15. 营改增对财产保险公司的影响及对策%Analysis on the Influential Factors and Countermeasures of Business Tax Change to Value -added Tax(VAT)to Property Insurance Companies

    Institute of Scientific and Technical Information of China (English)

    吕庆元

    2015-01-01

    Tax change to value -added tax(VAT),as one of the important contents of the 12th five -year plan in China,is promoted comprehensively.Property insurance companies,as an important part of the financial indus-try,play an important role in promoting economic development and maintaining social stability.This paper analyzes the influence of the policy of tax change to value -added tax(VAT)to the property insurance companies and puts forward some corresponding countermeasures and suggestions.%营改增作为国家“十二五”规划的重要内容之一,正在全面推进,财产保险公司是金融业的重要组成部分,在维护社会稳定、推动经济发展中扮演着重要角色。文章分析了营改增政策对财产保险公司的影响,并提出了相应的对策建议。

  16. 保险客户公民行为影响因素量表开发--以A公司为例%The Scale Development of the Influence Factor of Insurance Customer Citizenship Behavior---A Case of A Company

    Institute of Scientific and Technical Information of China (English)

    黄鹏; 林晓燕; 刘艳

    2014-01-01

    With the gradual openness of China’s insurance market, the insurance companies must establish a stable customer base through the promotion of policyholders’customer citizenship behavior if they want to keep the market share in the highly competitive market. So a mature scale is needed to accurately measure the factors that affect insurance customer citizenship behavior in order to better study the inner formation mechanism of insurance customer citizenship behavior. But in the existing literature, there is no the mature scale for this research aim. Selecting the customer base of A company in Guangdong area as the sample, designing scale ques-tionnaire through the customer interview, the paper analyzes the reliability, validity and factor of the questionnaire through the prepara-tory investigation, finally provides a feasible scale which can directly be used into the customer management for the insurance compa-nies.%随着中国保险市场的逐渐开放,保险公司要想在高度竞争的市场中保持份额,就必须通过促进保险客户产生顾客公民行为来形成稳定的客户群体。因此需要一种成熟量表来准确衡量影响保险客户顾客公民行为的各项因素,以便于更好地研究保险客户顾客公民行为形成的内在机理,但在现有的文献中并没有测量中国保险客户顾客公民行为影响因子的成熟量表。此文以A公司广东地区客户群为样本,通过客户访谈设计量表问题,并通过预研调查,对问卷进行信度、效度以及因子分析,最终为保险公司提供可以直接运用到客户管理中的实用型量表。

  17. THE EFFECTS OF INCOME, GENDER, AGE, EDUCATION, WORKING PERIOD, INSURANCE, TRAINING, AND WORKER STATUS ON OUTSOURCED AND WORKERS PERFORMANCE IN SOUTH SUMATERA IN MANUFACTURING COMPANIES

    Directory of Open Access Journals (Sweden)

    Ratna Juwita

    2017-06-01

    Full Text Available This research investigated the effects of income, gender, age, education, working period, insurance, training and workers’ status (outsourcing or permanent on performance. The result showed that gender, education, insurance, training and status had positive and significant effect on performace. Income had significant and negative effect on performance, the increased income would decrease performance. Age had positive but not significant effect, the increased age would decrease performance. Working period had negative but not significsnt effect on performance, the short working period would decrease performance.

  18. Dynamic Analysis on the Financing Capacity of Non-life Insurance Companies in China%我国财产保险公司融资能力的动态比较

    Institute of Scientific and Technical Information of China (English)

    粟芳; 初立苹

    2012-01-01

    理论上的融资能力包括内部融资能力、债务融资能力和权益融资能力,学者们也采用了不同的财务指标反映出不同渠道的融资能力。利用熵值法和动态评价分析方法,对中国财产保险市场2007年~2010年数据进行了动态分析,从而得出了各财产保险公司综合融资能力的排序。结论表明,规模较大的公司在综合融资能力方面没有明显的优势。就各个融资渠道进行分析,发现债务融资对综合融资能力的影响最大,而利润较高的公司具有较强的内部融资能力,大公司则具有较强的债务融资能力和很低的权益融资能力。根据2007年~2010年4年的发展趋势来看,外资公司的综合融资能力不断降低,大公司综合融资能力则不断提高。%In theory, financing capacity includes internal financing, debt financing and equity financing. Academically, there are some different financial indexes to gauge financing capacity. In this article, using entropy method and dynamic evaluation, the financing capacity of Chinese non-life insurance market during 2007 - 2010 was analyzed with thefinancing capacity of most non-life insurance companies putting in sequence. The results showed that big companies didn't have advantages in financing capacity. As to different financing channels, debt financing had the largest impact on financing capacity. Those companies with high profits had stronger internal financing capability, while big companies were stronger in debt financing, but weaker in equity financing. From the development of 2007 2010 ,we found the financing capacity of large companies kept improving ,while that of foreign company was declining.

  19. Gestión humana

    Directory of Open Access Journals (Sweden)

    Rafael Ignacio Pérez

    2013-07-01

    Full Text Available Este artículo resume el trabajo que esta realizando el grupo PYMES de investigación de la EAN en Bogotá D.C., sobre el componente organizacional de gestión humana y cultura organizacional y como se traduce en competencias de nivel cuatro o de categoría mundial para PYMES que quieran crear escenarios de innovación en valor.

  20. Drug coverage insurance as a novel element of private health insurance in Poland.

    Science.gov (United States)

    Czerw, Aleksandra; Religioni, Urszula

    2013-01-01

    In recent years, there have been observed increased costs of health care in Poland. The patient's out of pocket expenses on drug have grown too. To the above, the insurance companies have offered patients drug coverage insurance policies since recently. Drug insurance policy covers the cost of purchasing pharmaceutical products not reimbursed by the National Health Fund is a modern product on the Polish health insurance market. The aim of the article is to characterize drug coverage insurance policies on the health insurance market in Poland. The Polish insurance market and entities offered these types of insurance are also presented.

  1. Do individual characteristics matter? The quality of work during the implementation of a workflow management system in a Dutch social insurance company.

    NARCIS (Netherlands)

    Waal, B.M.E. de; Breman, P.; Batenburg, R.

    2012-01-01

    Do individual characteristics influence how the quality of work is related to the use of a workflow management system (WFM) in a Dutch social insurance organisation? This key question is addressed in this paper. Building upon DeLone and McLean’s model, we investigated the effects of gender, age, edu

  2. Do individual characteristics matter? The quality of work during the implementation of a workflow management system in a Dutch social insurance company

    NARCIS (Netherlands)

    Waal, Benny de; Breman, Paul; Batenburg, Ronald

    2012-01-01

    Do individual characteristics influence how the quality of work is related to the use of a workflow management system (WFM) in a Dutch social insurance organisation? This key question is addressed in this paper. Building upon DeLone and McLean’s model, we investigated the effects of gender, age, edu

  3. Optimal Asset Allocation of Insurance Company Under the Constraint of Solvency: Model and Path%资本约束下的保险公司最优资产配置:模型及路径

    Institute of Scientific and Technical Information of China (English)

    段国圣

    2012-01-01

    Capital is the key factor of insurance company's operating, and it is also an important constraint on asset allocation. Based on Markowitz method, this paper introduced solvency into the optimal asset allocation model. Under the revised model, the optimal portfolio of the insurance company was changed along with improved solvency. This paper also did sensitivity analysis on insurance company's initial solvency. The result showed that optimal portfolio was correlated with solvency in a manner that better solvency results in higher ratio of risky assets. Finally, this paper discussed the feasibility of the revised model and gave some suggestions on real practices for insurance companies.%资本是保险公司经营的核心要素,是资产配置的重要约束条件。本文在马克维茨方法的基础上,将偿付能力引入了资产配置的优化模型。在使用改进的优化模型后,保险公司的最优投资组合出现变化,而保险公司的偿付能力充足率相应有所改善。本文还对保险公司期初的资本充足度进行了敏感性分析,结果显示,最优投资组合与保险公司的期初资本有相关关系,期初资本充足率越高,保险公司风险资产的占比可以越高。最后,本文对优化模型的实现路径进行了探讨,对保险公司实践应用该模型提出了建议。

  4. [Medical insurance estimation of risks].

    Science.gov (United States)

    Dunér, H

    1975-11-01

    The purpose of insurance medicine is to make a prognostic estimate of medical risk-factors in persons who apply for life, health, or accident insurance. Established risk-groups with a calculated average mortality and morbidity form the basis for premium rates and insurance terms. In most cases the applicant is accepted for insurance after a self-assessment of his health. Only around one per cent of the applications are refused, but there are cases in which the premium is raised, temporarily or permanently. It is often a matter of rough estimate, since the knowlege of the long-term prognosis for many diseases is incomplete. The insurance companies' rules for estimate of risk are revised at intervals of three or four years. The estimate of risk as regards life insurance has been gradually liberalised, while the medical conditions for health insurance have become stricter owing to an increase in the claims rate.

  5. Statistical tools for non-life insurance

    NARCIS (Netherlands)

    Antonio, K.

    2008-01-01

    Within the actuarial profession a major challenge can be found in the construction of a fair tariff structure. In light of the heterogeneity within, for instance, a car insurance portfolio, an insurance company should not apply the same premium for all insured risks. Otherwise the so-called concept

  6. Statistical tools for non-life insurance

    NARCIS (Netherlands)

    Antonio, K.

    2008-01-01

    Within the actuarial profession a major challenge can be found in the construction of a fair tariff structure. In light of the heterogeneity within, for instance, a car insurance portfolio, an insurance company should not apply the same premium for all insured risks. Otherwise the so-called concept

  7. The insurability of nanomaterial production risk

    Science.gov (United States)

    Mullins, Martin; Murphy, Finbarr; Baublyte, Lijana; McAlea, Eamonn M.; Tofail, Syed A. M.

    2013-04-01

    Without insurance the long-term sustainability of nanotechnology is questionable, but insurance companies are encumbered by their institutional memory of losses from the asbestos crisis and the absence of suitable actuarial models to measure the potential risks of nanotechnology. Here we propose a framework that supports the transfer of nanomaterial production risk to the insurance sector.

  8. Humana looks to ISO registration to address quality improvement and customer satisfaction.

    Science.gov (United States)

    2003-01-01

    Seeking new ways to improve standardization of clinical operations and customer focus, Louisville, KY-based Humana, Inc. announced in November that it has become the first healthcare company to be registered in the U.S. under ISO 9001:2000, a quality management standard published by the International Organization for Standardization (ISO).

  9. Don't LOL at virtual visits. Technology is allowing more doctors and patients to consult via e-mail, and insurance companies are reimbursing for it.

    Science.gov (United States)

    Robeznieks, Andis

    2007-10-15

    In today's "I-gotta-know-now" society, many patients turn to e-mail to contact doctors on matters, as opposed to waiting for an in-person office visit. Now, some insurers are actually reimbursing doctors for their electronic time, which is also known as a "virtual visit." Internist Paul Tang, left, doesn't consider the practice mainstream yet. "No one is reimbursing us," he says.

  10. Asset and Liability Management with No-shorting Constraints of an Insurance Company%不允许卖空限制下保险公司的资产负债管理

    Institute of Scientific and Technical Information of China (English)

    刘利敏; 肖庆宪

    2012-01-01

    In this paper, the mean-variance portfolio selection problem for an insurance company is extended to the dynamic asset liability management problem under the no short-selling constraints. First, by using the compound Poisson process to describe the liability of the insurance company, the asset liability management model is established. Then based on the classical dynamic programming method and the verification theorem, the integral-differential equation, which the value function of the asset liability management problem statisfies, is derived. Second, we construct a lower semi-continuous function in term of the Riccati equation and prove that it is the viscosity supersolution of the integral-differential equation by using the general theory of the viscosity. Finally, the expressions of the optimal portfolio and the efficient frontier for the insurance company are obtained in closed forms, and the connections among the investment strategy, the premium and the claim are illustrated through a numerical example.%本文将均值-方差投资策略选择问题拓展为不允许卖空限制下保险公司的动态资产负债管理问题.首先运用复合Poisson过程刻画保险公司的负债,建立了保险公司的资产负债模型,并利用动态规划原理和识别定理得到了资产负债管理问题的值函数所满足的积-微分方程.然后借助Riccati方程构造了一个下半连续函数,并利用粘性解理论证明了其为积-微分方程的粘性上解.最后以闭式形式给出了保险公司的最优投资策略和有效边界,并用数值例子说明了投资策略、保费以及理赔额之间的关系.

  11. Life insurance after malignant disease.

    Science.gov (United States)

    Fitzgerald, R H

    1981-11-01

    Forty-five life insurance companies responded to a questionnaire on insurance industry attitudes towards patients with a history of malignancy other than skin carcinoma. Although the criteria for acceptance, provisions of the policy, and philosophy about adjuvant treatment varied, all companies would underwrite such patients provided that at application there was no evidence of persistent or recurrent disease or severe complications of therapy. The concept of excess mortality (observed death rates versus standard expected death rates) is used with other factors in calculating premiums. Legal and ethical responsibilities of physicians associated with insurance applications are briefly discussed.

  12. Fraccionando la microbiota gastrointestinal humana

    OpenAIRE

    Peris Bondia, Francisco

    2012-01-01

    La microbiota gastrointestinal humana es una de las comunidades microbianas más diversa y compleja que se puede encontrar en la naturaleza. Las nuevas tecnologías de secuenciación permiten obtener una amplia visión de la diversidad microbiana, lo que ha revelado una gran cantidad de bacterias no cultivables. A pesar del potencial de estas tecnologías de alto rendimiento la metagenómica no muestra la imagen completa. La citometría de flujo es una metodología que permite describir y/o separa...

  13. Desarrollo local a escala humana

    OpenAIRE

    Romero Marques, Heitor

    2012-01-01

    El presente artículo tiene como objetivo aclarar algunos conceptos sobre desarrollo local a escala humana, a través una revisión bibliográfica. Para este propósito el trabajo está conformado de dos partes: conceptos sobre desarrollo local, y desarrollo local y su semántica. En la primera parte se aborda el desarrollo local en sentido etimológico, semántico, de espacio, de territorio, de comunidad, lugar y paisaje. En la segunda parte se presentan los supuestos y datos históricos, variaciones ...

  14. Insurance against climate change and flood risk: Insurability and decision processes of insurers

    Science.gov (United States)

    Hung, Hung-Chih; Hung, Jia-Yi

    2016-04-01

    1. Background Major portions of the Asia-Pacific region is facing escalating exposure and vulnerability to climate change and flood-related extremes. This highlights an arduous challenge for public agencies to improve existing risk management strategies. Conventionally, governmental funding was majorly responsible and accountable for disaster loss compensation in the developing countries in Asia, such as Taiwan. This is often criticized as an ineffective and inefficient measure of dealing with flood risk. Flood insurance is one option within the toolkit of risk-sharing arrangement and adaptation strategy to flood risk. However, there are numerous potential barriers for insurance companies to cover flood damage, which would cause the flood risk is regarded as uninsurable. This study thus aims to examine attitudes within the insurers about the viability of flood insurance, the decision-making processes of pricing flood insurance and their determinants, as well as to examine potential solutions to encourage flood insurance. 2. Methods and data Using expected-utility theory, an insurance agent-based decision-making model was developed to examine the insurers' attitudes towards the insurability of flood risk, and to scrutinize the factors that influence their decisions on flood insurance premium-setting. This model particularly focuses on how insurers price insurance when they face either uncertainty or ambiguity about the probability and loss of a particular flood event occurring. This study considers the factors that are expected to affect insures' decisions on underwriting and pricing insurance are their risk perception, attitudes towards flood insurance, governmental measures (e.g., land-use planning, building codes, risk communication), expected probabilities and losses of devastating flooding events, as well as insurance companies' attributes. To elicit insurers' utilities about premium-setting for insurance coverage, the 'certainty equivalent,' 'probability

  15. New Kind of Insurance University under Building

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Dec 11th, 2004 saw foreign capital formally entering into the native insurance field. Now a giant concussion and challenge face directly the native insurance companies and are sure to bring about more fury competition. How to win? The native insurance companies fix their eyes on the talents which are far lack in our country. Setting up university may be a good plan to explore talents.

  16. SPECIFIC ASPECTS OF THE TECHNICAL RESERVES OF INSURANCE ACCOUNTING

    Directory of Open Access Journals (Sweden)

    CRISTINA MIHAELA NAGY

    2011-01-01

    Full Text Available The formation, increase, release and reduction of technical reserves are accounting transactions that are only found in insurance companies. Technical reserves are established for each line of insurance as special funds so that the stability and solvency of insurance companies are not affected.

  17. Optimal Policies for Insurance Company with Liability under Stochastic Differential Games%随机微分博弈下带有负债的保险公司最优决策

    Institute of Scientific and Technical Information of China (English)

    王丽霞; 李双东

    2015-01-01

    应用线性-二次控制方法,假定市场是保险公司博弈的虚拟对手,研究带有负债情形下的保险公司与市场二人零和随机微分博弈问题.假设保险公司的目标是最大化终值财富期望效用,分别在指数效用和幂效用下,求得保险公司的最优投资策略与最优再保险策略,最优市场策略,并在最优策略下求得值函数的表达式.最后通过指数效用下的数值算例,在市场最坏的情形,分别给出有无负债及有负债时不同的负债参数对保险公司最优投资与再保险策略的影响.%Using linear-quadratic control theory, taking market as insurance company's virtual opponent, a zero-sum sto?chastic differential game problem between insurer and market with liability was investigated. Assuming that the aim of the insurer is to maximize the expected utility of terminal wealth, under exponential utility and power utility, the expression of optimal reinsurance strategies, investment strategies and the best marketing strategies as well as value function were ob?tained. Finally, a numerical analysis was given to show the impact of liabilities and market parameters on the optimal strategies under exponential utility.

  18. 财产保险公司投资组合问题的多阶段随机规划模型%Multistage Stochastic Programming Model for the Portfolio Problem of a Property-Liability Insurance Company

    Institute of Scientific and Technical Information of China (English)

    王春峰; 杨建林; 蒋祥林

    2002-01-01

    The current portfolio model for property-liability insurance company is only single period that can not meet the practical demands of portfolio management, and the purpose of this paper is to develop a multiperiod model for its portfolio problem. The model is a multistage stochastic programming which considers transaction costs, cash flow between time periods, and the matching of asset and liability; it does not depend on the assumption for normality of return distribution. Additionally, an investment constraint is added. The numerical example manifests that the multiperiod model can more effectively assist the property-liability insurer to determine the optimal composition of insurance and investment portfolio and outperforms the single period one.%财产保险公司的投资组合模型均是单期的,不能充分满足投资组合管理实践的需要.为提供多期规划工具,建立了一个多阶段的随机规划模型.它考虑了交易成本,分析了不同时期的现金流,讨论了资产负债的匹配问题,去掉了收益分布的正态假定,并增加了一种投资约束.数值实例的计算结果表明,多期模型能更好地帮助财产保险公司选择保险与投资的优化组合,其性能要优于单期模型.

  19. ENDOWMENT LIFE INSURANCE

    Directory of Open Access Journals (Sweden)

    Zeljko Sain

    2013-06-01

    Full Text Available The aim of the paper that treats the actuarial model of insurance in case of survival or early death is to show the actuarial methods and methodology for creating a model and an appropriate number of sub-models of the most popular form of life insurance in the world. The paper applies the scientific methodology of the deductive character based on scientific, theoretical knowledge and practical realities. Following the basic theoretical model’s determinants, which are at the beginning of the paper, the basic difference between models further in this paper was carried out according to the character of the premium to be paid. Finally, the financial repercussions of some models are presented at examples in insurance companies. The result of this paper is to show the spectrum of possible forms of capital endowment insurance which can be, without major problems, depending on the financial policy of the company, applied in actual practice. The conclusion of this paper shows the theoretical and the practical reality of this model, life insurance, and its quantitative and qualitative guidelines.

  20. 48 CFR 28.308 - Self-insurance.

    Science.gov (United States)

    2010-10-01

    ... contractor's latest financial statements; (5) Any self-insurance feasibility studies or insurance market surveys reporting comparative alternatives; (6) Loss history, premiums history, and industry ratios; (7) A... projected average loss; and (10) A disclosure of all captive insurance company and re-insurance...

  1. 75 FR 52981 - Bluescope Buildings North America, Including Workers Whose Unemployment Insurance (UI) Wages Are...

    Science.gov (United States)

    2010-08-30

    ... Unemployment Insurance (UI) Wages Are Reported Through Butler Manufacturing Company, Laurinburg, NC; Amended...Scope Buildings North America had their wages reported through a separate unemployment insurance (UI... America, including workers whose unemployment insurance (UI) wages are reported through Butler...

  2. Attitudes and decisions of the motor insurance buyers in Poland

    Directory of Open Access Journals (Sweden)

    Marta Borda

    2012-12-01

    Full Text Available Motor insurance constitutes the most popular type of insurance products purchased in Poland and consequently the largest part of non-life insurance sector. In this paper the selected results of the questionnaire survey concerning attitudes and choices of the motor insurance buyers on the Polish market are presented. First, the current situation on the Polish motor insurance market is discussed. Next, the scope of the motor insurance held by respondents, their forms and used distribution channels are analysed. The stress is put on the level of the customers` loyalty to the current insurer, as well as the factors influencing the choice of a specific insurance company and its offer. Finally, the results of the analysis concerning the statistical interdependencies between selected characteristics of the respondents are considered.The conducted research can be useful in practice for the insurance companies, interested in improving their motor insurance offer, as well as the insurance intermediaries serving individual customers

  3. Effectiveness of insurance risk management under crisis conditions

    Directory of Open Access Journals (Sweden)

    I.G. Goncharenko

    2015-06-01

    Full Text Available In the article some historical aspects of insurance, domestic trends in insurance risk management with aspects of international experience, the modern role of insurance and insurance companies in a market economy, factors of risk management system and the nature of the insurance portfolio are analyzed. Factors of risk events in insurance, the spectrum of risks, imbalance of the insurance market in crisis conditions are outlined; expert’s estimations of the insurance market in recent years are examined. Problems of insurance business perform are determined, especially insurance risk management. The ability to use the provisions of European insurance regulation on internal domestic insurance market is analyzed, and also the aspects of integration of Ukrainian insurance market are determined.

  4. Health Insurance

    Science.gov (United States)

    Health insurance helps protect you from high medical care costs. It is a contract between you and your ... Many people in the United States get a health insurance policy through their employers. In most cases, the ...

  5. Court rules insurer must honor its promise.

    Science.gov (United States)

    1998-10-01

    Monumental Life Insurance Co. has to pay more than $230,000 to a beneficiary whose partner died of AIDS, shortly after paying the monthly premium for a life insurance policy. Unaware of the health status of the policy holder, a representative from the insurance company granted coverage and gave the policy holder a written statement that showed the amount of coverage of the policy. After the death of the partner, the insurance company told the beneficiary that the amount of coverage promised was a mistake. The beneficiary sued, and it was ruled that the company's letter, and the payment of the monthly premium, constituted a contract that the insurance company was obligated to uphold.

  6. Insurability for asymptomatic hematuria or proteinuria during childhood.

    Science.gov (United States)

    Feld, L G; Stapleton, F B

    1993-08-01

    The objective of this survey was to describe life insurance underwriting practices concerning children with asymptomatic hematuria and proteinuria. A questionnaire was sent to 200 companies licensed to issue life insurance policies in the state of New York. The medical director of each company was asked to respond to the insurability of children with asymptomatic hematuria and proteinuria. Two case summaries were provided with the questionnaire. Of 97 companies, 66 would offer insurance to the patient with hematuria, although 38 (58%) would charge additional premiums. In response to the problem of proteinuria, 61 companies would offer life insurance, although 50 (82%) would require higher premium charges (P life insurance, although often at higher cost. Invasive diagnostic tests are not necessary for insurers to offer insurance.

  7. 49 CFR 544.6 - Contents of insurer reports.

    Science.gov (United States)

    2010-10-01

    ... vehicle rental or leasing company listed in appendix C, provide the information specified in paragraphs (c... insured by the insurer during the reporting period— (1) Passenger cars. (2) Multipurpose...

  8. 44 CFR 61.17 - Group Flood Insurance Policy.

    Science.gov (United States)

    2010-10-01

    ... U.S.C. 5174) of an Individuals and Households Program (IHP) award for flood damage as a result of... insurance agent or producer or a private insurance company selling NFIP policies under the Write Your...

  9. Probabilistic Insurance

    NARCIS (Netherlands)

    Wakker, P.P.; Thaler, R.H.; Tversky, A.

    1997-01-01

    Probabilistic insurance is an insurance policy involving a small probability that the consumer will not be reimbursed. Survey data suggest that people dislike probabilistic insurance and demand more than a 20% reduction in premium to compensate for a 1% default risk. These observations cannot be

  10. Probabilistic Insurance

    NARCIS (Netherlands)

    P.P. Wakker (Peter); R.H. Thaler (Richard); A. Tversky (Amos)

    1997-01-01

    textabstractProbabilistic insurance is an insurance policy involving a small probability that the consumer will not be reimbursed. Survey data suggest that people dislike probabilistic insurance and demand more than a 20% reduction in the premium to compensate for a 1% default risk. While these

  11. Probabilistic Insurance

    NARCIS (Netherlands)

    P.P. Wakker (Peter); R.H. Thaler (Richard); A. Tversky (Amos)

    1997-01-01

    textabstractProbabilistic insurance is an insurance policy involving a small probability that the consumer will not be reimbursed. Survey data suggest that people dislike probabilistic insurance and demand more than a 20% reduction in the premium to compensate for a 1% default risk. While these pref

  12. Communications Centre Model in Insurance Business

    Directory of Open Access Journals (Sweden)

    Danijel Bara

    2013-07-01

    Full Text Available The aim of this paper is to define a communications centre model in an insurance company that essentially has two objectives. The first objective is focused on providing quality support with the sales process thereby creating a strategic advantage over the competition while the second objective is focused on improving the link between internal organizational units whose behaviour can often render decision-making at all levels difficult. The function of sales is fundamental for an insurance company. Whether an insurance company will fulfil its basic function, which is transfer of risk from the insured party to the insurer who agrees tonreimburse incidental damages to the damaged party and distribute them among all members of the risk group on the principles of reciprocity and solidarity, depends on successful sales and billing (Andrijašević & Petranović, 1999. For an insurance company to operate successfully in a demanding market, it is necessary to meet the needs of potential clients who then must be at the centre of all the activities of the insurer. A satisfied policy holder, who is respected by the insurer as a partner, is a guarantee that the sales of insurance services will be successful and that the insured party will come back to the same insurance company. In the era of globalization and all-pervading new technologies and modes of communication, policy holders need to be able to communicate with insurance company employees. Quality communication is a good foundation for a sales conversation. A fast flow of all types of information within an organisation using a single communication module makes decision-making at all levels quicker and easier.

  13. SERVICE QUALITY MEASUREMENT AND DEMAND FOR INSURANCE: AN EMPIRICAL STUDY FROM NIGERIAN INSURANCE INDUSTRY

    Directory of Open Access Journals (Sweden)

    Abass, OlufemiAdebowale

    2016-11-01

    Full Text Available Insurance provides financial protection to the insured, though; its acceptance by Nigerian insuring public is still low. This can sharply be traced to low awareness of insurance service. More importantly, quality of service to the few who embraced it had been low. Therefore, insuring public perceives insurance service as defective because customers’ expectations are not met. The objective of this research is to find out whether application of service quality measurement will drive demand for insurance products. Hypothesis was tested to find out whether SERVQUAL measurement is not significantly related to demand for insurance products in Nigeria. The study adopts descriptive research design; hypothesis was tested using regression analysis. The study reveals that there is a significant relationship between application of SERVQUAL measurement and demand for insurance. It is recommended that insurance companies operating in Nigeria should adopt SERVQUAL measurement which will further increase customer retention and loyalty.

  14. 保险公司发展个人养老金融产品的困境与对策%Dilemma and Countermeasures for the Insurance Company to Develop the Personal Pension Financial Products

    Institute of Scientific and Technical Information of China (English)

    孟圆

    2016-01-01

    我国人口正伴随高龄化、未富先老、未备先老等问题向经济发展施加压力。保险市场及学术界关注养老金融的热潮已有近十年之久,但针对个人养老金融服务的研究尚不全面。从现有保险公司提供的个人养老金融产品及服务现状,以及国家政策制度法规等角度看,保险公司提供大量“各具特色”的保险产品,存在着功能同质化,运作受争议,产品更新不能很好契合养老产业发展环境等问题。在养老产业发展大背景下,保险公司发展个人养老金融走出困境与发掘机遇,有赖于从产品类型与功能单一局面走向完善产品与营销服务,参与打造养老产业生态圈。同时,国家要出台相关政策,加强顶层设计,助推个人养老金融创新发展。%China is facing the pressure of economic development caused by the aging population, age before rich, age before provision and other problems. Insurance market and the academic community has been concerned about the upsurge of pension finance for nearly ten years, but the research on the financial services for the elderly is not comprehensive. From the view of existing status of the personal pension financial products and services and the national policies and regulations, there are the function of homogenization, operation controversial, product updates can not fit to support the development of old industrial environment and other issues in a large number of"unique" insurance products provided by the insurance company. Under the development background of the pension industry, the development of the insurance company to dispense predicament and explore individual pension financial opportunities depends on the type and function of products improving the products and marketing services and participating in creating the pension industry ecosystem. At the same time, the state should introduce relevant policies to strengthen top-level design, boost

  15. Investment Strategy and Efficiency of Investment Activity of European Insurers

    Directory of Open Access Journals (Sweden)

    Zhabynets Olga Yo.

    2014-02-01

    Full Text Available The article studies investment strategy and efficiency of investment activity of European insurance companies. In particular, it analyses the share of investments of insurance companies of Europe in GDP, investment portfolio of European insurers and its structure, contribution of insurance companies – leaders of investment activity – into the European investment portfolio. It studies influence of the financial crisis upon investment strategy of European insurers and analyses efficiency of investment activity of European insurers in risk insurance and life insurance. The article proves that investment business models of insurance companies are capable of resisting crisis phenomena more efficiently than other financial institutions. It marks out that measures of insurance companies that are directed at increase of profitability of investments require from them both significant expenditures on creation of the system of investment risk management and open access to different categories of financial assets and markets, which influences the general risk level, taken upon by an insurance company. The author draws a conclusion that, taking into account recent developments, European insurers should focus on equity and investment risk management, finding new possibilities for their (investments growth and also adaptation of new systems and operations for solution of these important tasks.

  16. 基于Malmquist-DEA模型的产险公司再保险效率实证研究%Empirical Analysis of the Reinsurance Efficiency of the Property Insurance Companies: Based on Malmquist-DEA Model

    Institute of Scientific and Technical Information of China (English)

    吴祥佑; 苏晓鹏

    2016-01-01

    Based on Malmquist-DEA model,this paper measures the reinsurance efficiency of 22 primary property insurance companies in the mainland of China range from 2003 to 2013 and develops a panel data model to test different determinants of cession efficiency. The findings show that the reinsurance efficiency was on the rise within the sample period, the technological efficiency change is the main driving force,the scale efficiency change enhances the technology efficiency. The diseconomies of scale and the increase of claim drag the reinsurance efficiency down. The complement of owners'' equity and the expansion of premium scale strengthen the primary insurers'' bargain power.%基于Malmquist-DEA模型测度了我国大陆地区22家产险公司2003—2013年的再保险效率,并在此基础上构建了分析产险公司再保险效率影响因素的Panel data模型,实证研究表明,样本期内产险公司的再保险效率整体上呈上升趋势,源自技术效率变动的"追赶效应"推动了这一上升,规模效率的提升则推动了技术效率的变动.分保上的规模不经济和赔付率的上升阻碍了各产险公司再保险效率的提升;自身资本实力和业务量的增加提高了分出人的谈判能力.

  17. INSURANCE MARKET. GENERAL CONSIDERATIONS OF INSURANCES IN ROMANIA

    Directory of Open Access Journals (Sweden)

    MARINEL NEDELUŢ

    2013-10-01

    Full Text Available Insurance is a contract made by a company or society, or by the state, to provide a guarantee for loss, damage, illness, death etc in return for regular payments. In other words it is a means by which one pays a relatively small known cost for protection against an uncertain and much larger cost. Still, this contract (insurance policy makes it possible for the insured to cover only losses that are measurable in terms of money and caused strictly by hazardous events, independent from own doing. If no such events should happen, the benefits won’t exist in a tangible, material form, but will take the shape of security against ruin. Since the insurance industry has developed more during the last decade due to the powerful players that have entered the market, the services provided by the insurance companies, and not only their products have evolved a lot in order to meet the requirements of the consumers, and to make them familiar with this type of investments. Therefore all the means of advertising became essential in this process of implementation and familiarization with this area of activity: mass-media advertising, insurance brokerage companies, the internet are all parts of this process.

  18. Strategies for Development of Shaanxi’s Agricultural Insurance Industry

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    This paper introduces current situations of agricultural insurance market in Shaanxi Province. It is indicated that development of Shaanxi’s agricultural insurance industry is faced with following difficulties. First, risks of agricultural production are various, occurrence frequency is high and losses are great. Second, effective supply of commercial insurance companies for agriculture is seriously inadequate. Third, farmers’ demand for agricultural insurance is restricted by many factors. Fourth, government support for agricultural insurance is not generous. Then, it puts forward strategies for development of agricultural insurance in Shaanxi Province. These include: encourage commercial insurance companies to actively enter agricultural insurance market; establish perfect agricultural reinsurance system; strengthen propaganda of agricultural insurance and speed up agricultural industrialization; enhance policy support for agricultural insurance to promote its development.

  19. Features of insurance evolution in the Internet expansion

    Directory of Open Access Journals (Sweden)

    A.Yu. Polchanov

    2015-03-01

    Full Text Available The article investigates the features of the development of insurance in the Internet expansion. Increasing the number of mobile subscribers, Internet users and social networking, as well as owners of smartphones changes the decision-making process on insurance, marketing of insurance services, the mechanism of interaction between participants of insurance relations. As a result, insurance companies and intermediaries should adjust strategies and innovate to maintain their competitive advantage. The research examined the functioning of the foreign experience of P2P insurance (for example «Friendsurance», microinsurance using mobile payment instruments (for example «Kilimo Salama», cyber-risks insurance (for example «AIG», and the possibility of using digital currencies in insurance in particular Bitcoin. According to the results of investigation the question asked to clarify a number of basic insurance terms, including money payment, the order of payment of insurance premiums, the insurance event and risk, the insurance intermediary.

  20. Unit-Linked Life Insurance Products Versus Other Alternative Investments

    OpenAIRE

    Cristina Ciumas; Diana-Maria Chis

    2015-01-01

    Unit-linked insurance is a life insurance policy with investment component. An important component of the activity carried out by the insurance companies is the investment of the premiums paid by policyholders in various types of assets, in order to obtain higher yields than those guaranteed by the insurance contracts, while providing the necessary liquidity for the payment of insurance claims in case of occurrence of the assumed risks. This research contributes to the existing literature reg...

  1. Analysis of insurance fraud in connection with the economic crisis

    OpenAIRE

    Justová, Sandra

    2012-01-01

    The thesis deals with insurance fraud in connection with the economic crisis. The first chapter describes the moral hazard, adverse selection and information asymmetry. Focus on the topic global financial crisis. Further, the concepts fraud and insurance fraud are explained. The main focus of this work is that the financial crisis has led to an increase in insurance fraud and what aspects lead to this fact. The last chapter deals with the procedures of insurance companies, which seek to insur...

  2. Adaptive Regression and Classification Models with Applications in Insurance

    Directory of Open Access Journals (Sweden)

    Jekabsons Gints

    2014-07-01

    Full Text Available Nowadays, in the insurance industry the use of predictive modeling by means of regression and classification techniques is becoming increasingly important and popular. The success of an insurance company largely depends on the ability to perform such tasks as credibility estimation, determination of insurance premiums, estimation of probability of claim, detecting insurance fraud, managing insurance risk. This paper discusses regression and classification modeling for such types of prediction problems using the method of Adaptive Basis Function Construction

  3. Performance evaluation of the fraud management system in health insurance

    OpenAIRE

    2016-01-01

    Efficient insurance fraud management can have significant effect on insurance companies’ competitive market position. Potential savings accumulated in fraudulent activities can add up to 10% of all expenses insurance companies pay for damage claims, which globally add up to several 100 billion Euros. There are various available methods to detect insurance fraud. The simplest one, that is to manually review a small number of insurance claims, is highly inefficient and its success rate is large...

  4. Risk transfer solutions for the insurance industry

    Directory of Open Access Journals (Sweden)

    Njegomir Vladimir

    2009-01-01

    Full Text Available The paper focuses on the traditional and alternative mechanisms for insurance risk transfer that are available to global as well as to domestic insurance companies. The findings suggest that traditional insurance risk transfer solutions available to insurance industry nowadays will be predominant in the foreseeable future but the increasing role of alternative solutions is to be expected as the complementary rather than supplementary solution to traditional transfer. Additionally, findings suggest that it is reasonable to expect that future development of risk transfer solutions in Serbia will follow the path that has been passed by global insurance industry.

  5. Insurance, Reinsurance and Dividend Payment

    CERN Document Server

    Goreac, D

    2008-01-01

    The aim of this paper is to introduce an insurance model allowing reinsurance and dividend payment. Our model deals with several homogeneous contracts and takes into account the legislation regarding the provisions to be justified by the insurance companies. This translates into some restriction on the (maximal) number of contracts the company is allowed to cover. We deal with a controlled jump process in which one has free choice of retention level and dividend amount. The value function is given as the maximized expected discounted dividends. We prove that this value function is a viscosity solution of some first-order Hamilton-Jacobi-Bellman variational inequality. Moreover, a uniqueness result is provided.

  6. [Hypertension, smoking and life insurance].

    Science.gov (United States)

    Lund-Johansen, P

    1975-11-01

    The insurance companies' data on blood-pressure and longevity have certainly contributed to the trend among both laymen and doctors to take hypertension more seriously. Smoking is also of special interest, having proved to be a clear risk-factor in coronary disease. It holds a unique position, in that - at least theoretically - it would be possible to eliminate. The insurance companies could undoubtedly contribute to an altered attitude towards the problem of smoking. Non-smokers might be granted a bonus and heavy smokers be charged an additional premium.

  7. Modelling in life insurance a management perspective

    CERN Document Server

    Norberg, Ragnar; Planchet, Frédéric

    2016-01-01

    Focussing on life insurance and pensions, this book addresses various aspects of modelling in modern insurance: insurance liabilities; asset-liability management; securitization, hedging, and investment strategies. With contributions from internationally renowned academics in actuarial science, finance, and management science and key people in major life insurance and reinsurance companies, there is expert coverage of a wide range of topics, for example: models in life insurance and their roles in decision making; an account of the contemporary history of insurance and life insurance mathematics; choice, calibration, and evaluation of models; documentation and quality checks of data; new insurance regulations and accounting rules; cash flow projection models; economic scenario generators; model uncertainty and model risk; model-based decision-making at line management level; models and behaviour of stakeholders. With author profiles ranging from highly specialized model builders to decision makers at chief ex...

  8. Group Life Insurance

    CERN Multimedia

    2013-01-01

    The CERN Administration would like to remind you that staff members and fellows have the possibility to take out a life insurance contract on favourable terms through a Group Life Insurance.   This insurance is provided by the company Helvetia and is available to you on a voluntary basis. The premium, which varies depending on the age and gender of the person insured, is calculated on the basis of the amount of the death benefit chosen by the staff member/fellow and can be purchased in slices of 10,000 CHF.    The contract normally ends at the retirement age (65/67 years) or when the staff member/fellow leaves the Organization. The premium is deducted monthly from the payroll.   Upon retirement, the staff member can opt to maintain his membership under certain conditions.   More information about Group Life Insurance can be found at: Regulations (in French) Table of premiums The Pension Fund Benefit Service &...

  9. 保险公司治理模式创新研究——基于风险管控治理理论%A Study on Innovation of the Corporate Governance Model for Insurance Company --Based on the Governance Theory of Risk Control

    Institute of Scientific and Technical Information of China (English)

    沈蕾

    2012-01-01

    由于保险经营的特殊性,保险公司治理问题与一般企业存在很大不同,以当前主流的公司治理理论来分析保险公司治理有时不能适应其独特性。因此,应大胆进行公司治理理论创新,以风险管控治理理论此为基础,剖析保险公司风险管控治理的目标,并初步构建了权变型保险公司治理模式的基本框架,以期为中国保险公司治理制度建设提供理论参考。%Due to the unique nature of insurance operation, corporate governance issues of insurance companies are very different from general enterprises. The current mainstream of corporate governance theories fail to capture this unique nature of insurance cooperate governance. Therefore, the paper proposed a bold innovative idea of adopting a governance theory of risk control. It then analyzed goals of insurance corporate governance, and constructed the basic framework of contingency-based insurance corporate governance model. Its purpose was to provide a theoretical reference for system construction of China's insurance corporate governance.

  10. Probabilistic insurance

    OpenAIRE

    Wakker, P. P.; Thaler, R.H.; Tversky, A.

    1997-01-01

    textabstractProbabilistic insurance is an insurance policy involving a small probability that the consumer will not be reimbursed. Survey data suggest that people dislike probabilistic insurance and demand more than a 20% reduction in the premium to compensate for a 1% default risk. While these preferences are intuitively appealing they are difficult to reconcile with expected utility theory. Under highly plausible assumptions about the utility function, willingness to pay for probabilistic i...

  11. 78 FR 52780 - National Flood Insurance Program (NFIP); Assistance to Private Sector Property Insurers...

    Science.gov (United States)

    2013-08-26

    ...Each year, the Federal Emergency Management Agency (FEMA) is required by the Write-Your-Own (WYO) Program Financial Assistance/ Subsidy Arrangement (Arrangement) to notify private insurance companies (Companies) and to make available to the Companies the terms for subscription or re-subscription to the Arrangement. In keeping with that requirement, this notice provides the terms to the......

  12. 76 FR 45281 - National Flood Insurance Program (NFIP); Assistance to Private Sector Property Insurers...

    Science.gov (United States)

    2011-07-28

    ...Each year, the Federal Emergency Management Agency (FEMA) is required by the Write-Your-Own (WYO) Program Financial Assistance/ Subsidy Arrangement (Arrangement) to notify private insurance companies (Companies) and to make available to the Companies the terms for subscription or re-subscription to the Arrangement. In keeping with that requirement, this notice provides the terms to the......

  13. 77 FR 36566 - National Flood Insurance Program (NFIP); Assistance to Private Sector Property Insurers...

    Science.gov (United States)

    2012-06-19

    ...Each year, the Federal Emergency Management Agency (FEMA) is required by the Write-Your-Own (WYO) Program Financial Assistance/ Subsidy Arrangement (Arrangement) to notify private insurance companies (Companies) and to make available to the Companies the terms for subscription or re-subscription to the Arrangement. In keeping with that requirement, this notice provides the terms to the......

  14. Application of Actuarial Modelling in Insurance Industry

    OpenAIRE

    Burcã Ana-Maria; Bãtrînca Ghiorghe

    2011-01-01

    In insurance industry, the financial stability of insurance companies represents an issue of vital importance. In order to maintain the financial stability and meet minimum regulatory requirements, actuaries apply actuarial modeling. Modeling has been at the center of actuarial science and of all the sciences from the beginning of their journey. In insurance industry, actuarial modeling creates a framework that allows actuaries to identify, understand, quantify and manage a wide range of risk...

  15. Application of Actuarial Modelling in Insurance Industry

    OpenAIRE

    Burcã Ana-Maria; Bãtrînca Ghiorghe

    2011-01-01

    In insurance industry, the financial stability of insurance companies represents an issue of vital importance. In order to maintain the financial stability and meet minimum regulatory requirements, actuaries apply actuarial modeling. Modeling has been at the center of actuarial science and of all the sciences from the beginning of their journey. In insurance industry, actuarial modeling creates a framework that allows actuaries to identify, understand, quantify and manage a wide range of risk...

  16. Forest insurance

    Science.gov (United States)

    Ellis T. Williams

    1949-01-01

    Standing timber is one of the few important kinds of property that are not generally covered by insurance. Studies made by the Forest Service and other agencies have indicated that the risks involved in the insurance of timber are not unduly great, provided they can be properly distributed. Such studies, however, have thus far failed to induce any notable development...

  17. Insurance Medicine: Introduction for the Family Physician

    OpenAIRE

    Williamson, Elliot A.

    1983-01-01

    Insurance companies request reports on patients' health to corroborate and clarify information on insurance application forms. Illegible or vague reports, or one that varies from the patient's understanding of his health, can result in patients being offered substandard policies at increased premiums. Reports, even if brief, must include known risk factors, disease history, and information on stability of medical conditions.

  18. Predictivity, genetic tests and insurance law.

    Science.gov (United States)

    Romeo Casabona, Carlos Maria

    2009-01-01

    An increasing discussion today consists of whether emerging genetic tests will provide a powerful tool for individual risk assessments for the life, health, disability and accident policies underwritten by private insurance companies and what could be the consequences of this for the insurance contract system built throughout the last decades. Thus, access to such risk information will facilitate more precise actuarial premium assessments.

  19. Willingness to Pay for Insurance in Denmark

    DEFF Research Database (Denmark)

    Hansen, Jan V.; Højbjerg Jacobsen, Rasmus; Lau, Morten

    2016-01-01

    We estimate how much Danish households are willing to pay for auto, home, and house insurance. We use a unique combination of claims data from a large Danish insurance company, measures of individual risk attitudes and discount rates from a field experiment with a representative sample of the adult...

  20. Visualization tools for insurance risk processes

    OpenAIRE

    Krzysztof Burnecki; Rafal Weron

    2006-01-01

    This chapter develops on risk processes which, perhaps, are most suitable for computer visualization of all insurance objects. At the same time, risk processes are basic instruments for any non-life actuary – they are vital for calculating the amount of loss that an insurance company may incur.

  1. Smart Questions To Ask Your Insurance Agent.

    Science.gov (United States)

    Cohen, Abby J.

    1997-01-01

    Provides advice on insurance coverage for child care centers. Suggests that before purchasing insurance you inquire about the agent's qualifications, company's financial stability, and corporate ratings; and obtain written answers to questions about specific coverage issues such as volunteers, legal defense costs, special events, and…

  2. The Hungarian car insurance cartel saga

    NARCIS (Netherlands)

    Cseres, K.J.; Szilágyi, P.; Rodger, B.

    2013-01-01

    his chapter discusses the landmark Hungarian case relating to the car insurance and repair markets, which involved both vertical and horizontal agreements. The case concerned the horizontal relationship between Hungary’s two largest insurance companies and their vertical relationships with car

  3. A Set of Problems connected with Insurance Fraud in the Czech Republic

    OpenAIRE

    Pražanová, Markéta

    2010-01-01

    The insurance fraud is frequent type of criminality at the present time. The perpetrators of this crime cause heavy economic damages to insurance companies. Objective of the thesis called "The insurance fraud in the Czech Republic" is to evaluate the current state of the problem of insurance fraud in the Czech Republic from the perspective of insurance companies, law enforcement authorities and new legislation. As well to describe the way of detection and investigation, characterize the offen...

  4. Dirofilariose pulmonar humana: relato de sete casos

    OpenAIRE

    CAVALLAZZI RODRIGO SILVA; CAVALLAZZI ANTÔNIO CÉSAR; SOUZA IRENE VIEIRA; CARDOSO JOÃO JOSÉ DE DEUS

    2002-01-01

    Dirofilariose pulmonar humana é uma doença rara causada pelo parasita Dirofilaria immitis. Apresenta-se usualmente como um nódulo pulmonar solitário que mimetiza câncer de pulmão. Embora considerada uma doença clinicamente benigna, uma biópsia pulmonar excisional é quase sempre necessária para o diagnóstico. Relatam-se as características epidemiológicas, clínicas e radiológicas de sete casos de dirofilariose pulmonar humana em Florianópolis. De sete pacientes relatados, seis tiveram como acha...

  5. Reprodução Humana

    Directory of Open Access Journals (Sweden)

    José Eduardo De Siqueira

    2007-01-01

    Full Text Available Los avances producidos por los modernos métodos de control de la natalidad y de la fertilización humana asistida introdujeron en la reflexión ética nuevos valores como dignidad personal,autonomia y paternidad responsable. Loa antíguos preceptos de sumisión a la moralidad heterogénea de la Ley Natural fueronsustituidos por una ética de reflexión autónoma en los campos de la sexualidad y reproducción humana asistida.

  6. Corporate social responsibility in the international insurance industry

    NARCIS (Netherlands)

    Scholtens, B.

    2011-01-01

    This paper investigates the corporate social responsibility (CSR) of insurance companies. Rating institutions provide costly information about firms' CSR and it is not clear how they arrive at their assessment. We use a transparent framework to assess the CSR of insurance companies. We apply this fr

  7. Corporate social responsibility in the international insurance industry

    NARCIS (Netherlands)

    Scholtens, B.

    2011-01-01

    This paper investigates the corporate social responsibility (CSR) of insurance companies. Rating institutions provide costly information about firms' CSR and it is not clear how they arrive at their assessment. We use a transparent framework to assess the CSR of insurance companies. We apply this

  8. Considerations on Albanian Life Insurance Market

    Directory of Open Access Journals (Sweden)

    Gentiana Sharku

    2011-03-01

    Full Text Available The life insurance sector is an important sector of the economy all over the world. Life insurance provides the economy and the individuals as well, a variety of fundamental financial services.Regardless the importance it has all around the world, life insurance market in Albania is still underdeveloped comparing not only to the Western European countries, but to the region countries as well. The comparative analysis of insurance market is carried out by means of two indexes: insurance density and penetration index. The life insurance market in Albania is facing several problems which will be further explained in the paper, together with some recommendations to be taken in account by Albanian insurance companies and the Albanian government as well.

  9. Administration: For Laptops and Tablets, Do You Even Need Insurance?

    Science.gov (United States)

    Thompson, Greg

    2013-01-01

    At best, insurance is a crucial investment that leads to peace of mind after large educational technology expenditures. If something goes wrong, the insurer pays the claim. At worst, insurance premiums siphon money from school budgets while lining the pockets of distant company executives. John Connolly, director of technology at Consolidated High…

  10. Green commercial building insurance in Malaysia

    Science.gov (United States)

    Yang, Yu Xin Ou; Chew, Boon Cheong; Loo, Heoy Shin; Tan, Lay Hong

    2017-03-01

    Green building construction is growing tremendously globally even in Malaysia. Currently, there are approximate 636 buildings have registered and to be certified with Green Building Index. Among these buildings, 45 buildings have already fulfilled the requirements and fully certified. The other buildings still under provisional certification stage. Malaysia had adopted Green Building Index in 2009 to support a move to promote green building concept. Malaysia starts to move towards green building because Malaysian construction and building industry realizes that both energy consumed and waste produced are reduced without irreversible impacts to ecosystems. Consequently, insurance companies such as Fireman's Fund from America has started the green building insurance policies for their green building in the year of 2006, while Malaysia still remain the coverage for green buildings using conventional property insurance. There are lacks of efforts to be seen from insurance companies to propose green building insurance for these green buildings. There are a few factors which can take into consideration for insurance companies to start the very first green building insurance in Malaysia. Although there are challenges, some efficient strategies have been identified to overcome the problems. The methods used in this research topic is qualitative research. The results obtained shows that green commercial building insurance has a huge business opportunity in Malaysia because the number of green commercial buildings are increasing tremendously in Malaysia. It is a favor to implement green building insurance in Malaysia. Furthermore, insurance companies can consider to add in extra coverage in standard building policy to provide extra protection for non-certified green buildings which have the intention to rebuilt in green when damage happens. Generally, it is very important to introduce green commercial buildings insurance into Malaysia so that all of the green commercial

  11. The Plights and Countermeasures in the Implementation of Distinctive Agriculture Insurance of Hebei Province

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The feasibility of implementing distinctive agriculture insurance in Hebei Province is analyzed from the following aspects covering the support of policies and laws;agricultural products and brands with Hebei distinct;the rich experience of insurance companies;farmers’ strong awareness on insurance and farmers’ great demand on agricultural insurance.The plights faced by distinctive agricultural insurance are pointed out.It includes weak awareness of farmers on buying insurance;low enthusiasm of insurance company;poor support from the government and backward laws and regulations and so on.The countermeasures on developing distinctive agricultural insurance are put forward.The countermeasures on improving farmers’ awareness on buying insurance;innovating the insurance products and services;increasing the support from the government;perfecting the legislation on agricultural insurance should be adopted to develop agricultural insurance.

  12. Generali-CNPC Insurance Opens Branch in Beijing

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ Generali China Life Insurance, a 50-50 joint venture between Italy-based Assicurazioni Generali and the China National Petroleum Corporation (CNPC), announced on June 7 the official launch of its Beijing branch, the insurer's second in China. The new branch, according to the company's officials, is a milestone for Generali China as it marks a transformation from being a regional insurance company to a national one.

  13. DEPENDIENTES Y RACIONALES: LA FAMILIA HUMANA

    Directory of Open Access Journals (Sweden)

    Alfredo Marcos Martínez

    2012-01-01

    Full Text Available Son muchos los conceptos que condicionan la bioética, que pueden hacer que prospere o naufrague. Nos centramos aquí en dos de ellos, a saber, el concepto de dependencia, que funciona como necesario complemento del de autonomía, y el concepto de familia humana, que tal vez debería funcionar como sustituto en contextos morales del de especie humana. Ambos remiten en el fondo a otro concepto, de larga tradición filosófica, el de naturaleza humana, que ha vuelto al centro del debate en los últimos años. La modernidad puede ser caracterizada como una búsqueda de la autonomía. La autonomía en muchos sentidos es un objetivo justo y deseable. Sin embargo, el énfasis unilateral en la autonomía ha generado una antropología parcial. De ahí la importancia de pensar también una antropología de la dependencia que vincule a los miembros de la familia humana.

  14. Concepto integral de la persona humana

    OpenAIRE

    Giraldo Angel, Jorge

    2012-01-01

    EI concepto de la persona humana es de fundamental interés práctico. Se trata no del hombre en general o sea, considerado bajo el aspecto genérico-específico, sino de «este» hombre-individuo, concreto y singular. Por este aspecto, el hombre es una unidad individual psicosomática.

  15. 75 FR 54041 - Insurer Reporting Requirements; List of Insurers Required To File Reports

    Science.gov (United States)

    2010-09-03

    ... Magazine and Auto Rental News.\\2\\ \\2\\ Automotive Fleet Magazine and Auto Rental News are publications that... Insurance Companies Metropolitan Life Auto & Home Group Mercury General Group Nationwide Group Progressive...

  16. Basic characteristics of livestock insurance in Serbia: With reference to the some elements of this type of insurance in some non-European and European countries

    Directory of Open Access Journals (Sweden)

    Čolović Vladimir

    2016-01-01

    Full Text Available The livestock insurance is a part of agricultural insurance. This type of insurance is also part of a non-life insurance. The livestock insurance is undeveloped in Serbia. In general, a very small number of farms (5% of total decided for the conclusion of livestock insurance contracts. This paper analyzes the basic characteristics of this type of insurance, and the authors pay attention to the implementation of this type of insurance in other countries. Special attention is paid to the livestock insurance in Mongolia, India, Mexico and Ireland who are defined livestock insurance programs that have contributed to a greater number of contracts concluded in this field. Also, the authors speaking about livestock insurance in some European countries. Finally, the authors criticize the way in which is regulated livestock insurance in Serbia, by proposing a series of measures that should be implemented by the insurance companies and state.

  17. Agriculture loan insurance contract and performance

    OpenAIRE

    Ozaki,Vitor Augusto

    2011-01-01

    Agricultural loan insurance is one of the main risk transfer mechanisms used by the producers in some regions of the country. This insurance guarantees a percentage of the loan budget, thus assuring the payment of the agreed financing. Initially the present article analyzes the State of São Paulo Insurance Company (Companhia de Seguros do Estado de São Paulo - Cosesp) loan insurance origins and evolution, and later on its expansion to other States. Moreover, it details the main features of th...

  18. Defining the key-parameters of insurance product in Islamic insurance

    Directory of Open Access Journals (Sweden)

    Galim Zaribzyanovich Vakhitov

    2015-06-01

    Full Text Available Objective to define the range of actuarial calculations in Islamic insurance to study the main differences of the traditional and Islamic insurance to define what changes in calculations entail the above differences. Methods mathematical modeling probabilistic analysis of insurance risks adaptation of methods of actuarial mathematics to the principles of Islamic insurance. Results the mathematical form of the takafulfund models is presented the distribution is analyzed of a random variable of the resulting insurance fund or the insurance company balance in a particular fixed insurance portfolio. Scientific novelty calculation are presented of the optimal tariff rate in takaful. Islamic insurance is an innovative area of insurance industry. Actuarial calculations that meet the Sharia rules are still being developed. The authors set the new tasks of actuarial calculations including the specified changes in the calculation of the optimal tariff rate imposed by the Islamic insurance principles. Practical value the results obtained can be used in the actuarial calculations of the Islamic insurance companies. nbsp

  19. Insurance Giants Join In

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    Opinions differ over the wisdom of insurance companies that have invested in the Beijing-Shanghai high-speed railway program After more than 10 years of careful ex- amination and research,construction of the Beijing-Shanghai high-speed railway will start soon.The line, which is expected to begin operation in 2010,will be built with the most advanced technology and the highest single investment in China’s railway building history. The budget for the 1,318-km track is about

  20. Marginal conditions for the insurance against fire events in waste incinerators; Randbedingungen fuer die Versicherung gegen Brandereignisse in Abfallverbrennungsanlagen

    Energy Technology Data Exchange (ETDEWEB)

    Weschenbach, Harry [VMD-Prinas GmbH, Essen (Germany)

    2012-11-01

    Insurance companies represent not only damage compensation systems, but also a worldwide financial services operating compensation of damages against the insurance premium. The insurance industry has adapted itself to the industrial development. The comprehensive risk management was supplemented increasingly. Especially in the case of damage prevention and fire fighting, the insurance industry falls back on the comprehensive risk management. The fire insurance companies have learned to evaluate fire risks more technically and economically and to impact the design concepts of fire fighting. Under these conditions, in the case of major industrial risks the fire insurance companies are willing to provide an extensive insurance coverage.

  1. REINSURANCE BUSINESS ON INSURANCE MARKET OF THE REPUBLIC OF SRPSKA

    Directory of Open Access Journals (Sweden)

    Mladen Panić

    2012-01-01

    Full Text Available In many cases in insurancebusiness, the insurer takes the risk which by thelevel of insurance or probable maximum loss(PML exceeds its financial capacity. The insurercan cover with reinsurance and coinsurance thepart of the contractual obligations that exceed thecapacity of the insurance company. Coinsuranceoccurs when risk is shared among several insurers,and reinsurance occurs when the excess of risk istransferred from one to more reinsurers.Reinsurance is the process which enables theinsurance company to avoid the risk of disasters inthe insurance mechanism. Reinsurance is the reinsuranceor insurance of the insurance."Reinsured" is an insurance company whoseinsurance risks are reinsured in whole or in part,while the "reinsurer" is the company of reinsurancebusiness. Reinsurance is of highly importance forthe safety of management of the insurers, because itincreases the capacity of risk-taking in insurance,protects one's own safety and safety of thereinsured. In addition, this can be supported by acommon saying which is used in the insurancesector and that is: "good insurance begins withreinsurance."

  2. [Insurance for civil responsibility in professional medicine: insurance systems and coverage for posterity].

    Science.gov (United States)

    Bex, Ph

    2004-01-01

    The author presents the systems of medical liability insurance available on the Belgian market; they are at the moment based on loss occurrence, claims made or fact occurrence. The systems based on loss occurrence and on claims made impose the provision of an additional premium. Problems connected with changing the insurance company are touched upon, including sometimes a necessity to provide a precedence premium.

  3. Camp Insurance 101: Understanding the Fundamentals of a Camp Insurance Program.

    Science.gov (United States)

    Garner, Ian

    2001-01-01

    This short course on insurance for camps discusses coverage, including the various types of liability, property, and other types of coverage; the difference between direct writers, brokers, agents, and captive agents; choosing an insurance company; and checking on the financial stability of recommended carriers. Three Web sites are given for…

  4. Life and health insurance industry investments in fast food.

    Science.gov (United States)

    Mohan, Arun V; McCormick, Danny; Woolhandler, Steffie; Himmelstein, David U; Boyd, J Wesley

    2010-06-01

    Previous research on health and life insurers' financial investments has highlighted the tension between profit maximization and the public good. We ascertained health and life insurance firms' holdings in the fast food industry, an industry that is increasingly understood to negatively impact public health. Insurers own $1.88 billion of stock in the 5 leading fast food companies. We argue that insurers ought to be held to a higher standard of corporate responsibility, and we offer potential solutions.

  5. Education regarding issues related to traffic accident insurance fraud

    OpenAIRE

    VIČAR, Jan

    2014-01-01

    Based on their own experience the insurance companies are forced to intensively deal with detection and prevention of insurance frauds. Education of the public is the most effective way how to prevent the amount of insurance fraud cases, so therefore the main goal of this thesis is to provide to police officers in the Czech Republic as well as to other people the education material focused on occurrence of insurance frauds happening in connection with traffic accidents. The thesis is also the...

  6. Can privacy concerns for insurance of connected cars be compensated?

    OpenAIRE

    Derikx, S.; De Reuver, G.A.; Kroesen, M.

    2015-01-01

    Internet-of-things technologies enable service providers such as insurance companies to collect vast amounts of privacy-sensitive data on car drivers. This paper studies whether and how privacy concerns of car owners can be compensated by offering monetary benefits. We study the case of usage based car insurance services for which the insurance fee is adapted to measured mileage and driving behaviour. A conjoint experiment shows that consumers prefer their current insurance products to usage ...

  7. CURRENT COORDINATES OF THE INSURANCE MARKET IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Bente Corneliu Cristian

    2010-12-01

    Full Text Available Although the insurance activity is well known to the Romanian market ever since the 14th century, when insurance was all about mutual help, this activity evolved rapidly in the period before the First World War and in the period between the World Wars, and it manifested itself as the entrance on the market of insurance companies representatives from countries as Austria, Italy, Great Britain. facultative insurance.

  8. 26 CFR 1.831-4 - Election of multiple line companies to be taxed on total income.

    Science.gov (United States)

    2010-04-01

    ... prior law); the types of insurance written by the company; and the percentage of marine insurance to... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Election of multiple line companies to be taxed... TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Other Insurance Companies § 1.831-4 Election...

  9. INSURANCE AND THE CORPORATE COST OF CAPITAL

    Directory of Open Access Journals (Sweden)

    Monika Wieczorek-Kosmala

    2012-04-01

    Full Text Available The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a company by influencing both the cost of capital components and the need for rising capital. The problem is here perceived from two perspectives – the classical concept related to the weighted average cost of capital (WACC and a novel concept related to the risk-based capital structure model with the total average cost of capital (TACC. The paper explains the idea of insurance as a retrospective (post-loss risk financing tool and the risk transfer mechanism upon it. As the risk financing tool insurance reduces the need for the balance-sheet capital in a company and thus the financial distress costs. Also, insurance may reduce the level of operating risk and thus influences the required returns of the capital providers. These observations allow emphasising the impact of insurance on the WACC. However, according to the novel concept of the risk-based capital structure, insurance (as a risk financing tool represents an off-balance sheet capital component. As a consequence, it extends the volume of total capital. The presented conceptual model, based on the TACC concept, indicates that large volume of insurance (the insurance sum and its relatively low cost (the insurance premium gives the possibility to the significant reduction of the cost of capital on average. The concluding remarks discuss some dilemmas over the utility of the TACC concept.

  10. INSURANCE MARKETING OF INNOVATIONS IN THE REGIONAL MARKET OF SERVICES UNDER PRESENT CONDITIONS: STRATEGIC ASPECTS

    Directory of Open Access Journals (Sweden)

    A. V. Kovalenko

    2012-01-01

    Full Text Available Innovative development of insurance activities must be directed towards creation of new insurance products. Up-to-date innovative insurance marketing should be carried out on the basis of an efficient innovative process management system. For a big insurance company with a largeclient base, high service standards may be warranted only through implementation of innovations linked with newest information technologies.

  11. Data Envelopment Analysis with Missing Data: An Application to Life Insurance Industry in Taiwan

    Directory of Open Access Journals (Sweden)

    Yao-Hung Yang

    2014-12-01

    Full Text Available A fuzzy Data Envelopment Analysis model is adopted in this paper to assess the operational efficiency of life insurance companies in Taiwan. The study was conducted from 2008 to 2012 and the data were taken from Taiwan Economic Journal and related financial statements provided by the Taiwan Insurance Institute. The results indicate that the operational efficiency of insurance companies affiliated to financial holding companies appears to be better than that of insurance companies not affiliated with financial holding companies, signifying that the synergy generated after a financial holding company is formed and the cross-selling between its subsidiary groups are highly beneficial to the management of a life insurance company affiliated to such a financial holding company. The chief contribution of this paper is that, in the past, the data envelopment analysis models applied often could not calculate due to missing input and output data. The study adopts the fuzzy linear mathematics to solve the uncertainty.

  12. Interests of Insurance Business and Agricultural Producers: Metamorphoses of Agricultural Insurance with State Support

    Directory of Open Access Journals (Sweden)

    Oleg Nikolaevich Efimov

    2015-12-01

    Full Text Available The paper studies the basic aspects of the system of agricultural insurance with state support in the Russian Federation at the present stage. The relevance of the study is related to the presence of enduring problem that lies in the fact that, despite some efforts by the State of legislative, organizational and economic measures, insurance of agricultural risks in Russia does not give the desired effect. The authors provide clear arguments about the necessity of state support for agriculture, particularly insurance, analyze the volume of subsidized funds from the federal budget for the payment of premiums to insurance companies. The article contains the analysis of the amount of insurance premiums for agricultural insurance in the world and the proportion of premiums collected by Russian agro-stakeholders. The nonoptimality of structure types of agricultural insurance with state support is indicated. The authors describe the main problems and disadvantages of the existing system of agricultural insurance with state support (lack of awareness, a small number of insurance products, high rates of insurance rates, etc., as well as some of the contradictions of the current legislation (the “double subsidies”. As a good example, a model of agricultural insurance in the United States is shown. The reasoned conclusions are made about the imperfection of the current legislation in the area of agricultural insurance, which largely meets the interests of the insurer, not of the insured. It was noted that agricultural insurance with state support in the Russian Federation is insignificant in scale of agricultural areas and in the country as a whole. The authors also make contradictory conclusions on the development of agricultural insurance market in Russia, mainly related to the fact that the system of agricultural insurance in the Russian Federation is only in its infancy.

  13. Research of Performance Evaluation of Life Insurance Companies in China in the Context of Internet Finance%互联网金融背景下中国寿险公司经营绩效评价研究

    Institute of Scientific and Technical Information of China (English)

    杨卫平; 周咪; 成萌

    2016-01-01

    以2013年保费收入行业前十的寿险公司作为研究样本,对它们的经营状况进行横向和纵向的比较分析,并运用建立的经营绩效评价体系,对经营绩效进行综合评价。评价结果表明,泰康人寿2013年在偿债能力、盈利能力、运营效率和成长能力表现欠佳,但是互联网运营能力排名第一,从而提升了其经营绩效的综合排名。基于综合评价结果,泰康人寿需要从两方面进一步改善其经营状况:第一,从提升短期流动性、注重寿险业务发展和控制综合费用支出入手,改善传统的经营指标;第二,通过优化页面设计、调整在线客服时长和完善产品结构来保持其互联网运营优势。%With the top ten premium income life insurance companies in 2013 as the research sample,the paper analyzed their operational conditions deeply from the horizontal and vertical as-pects.The paper evaluated their operational performance with the built up evaluation system and the results showed that although Taikang Life's other performance was not so good,its internet operational liability was No.1,thereby enhancing its comprehensive ranking.Taikang Life needs to enhance its operational conditions from two aspects,one is to improve traditional operational indexes and the other is to keep its internet operational advantages through some measures.

  14. Raiva humana no Brasil, 1992 - 2001

    OpenAIRE

    Francisco Anilton Alves Araujo

    2002-01-01

    O estudo caracteriza os aspectos epidemiológicos da raiva humana no Brasil, no período de 1992 a 2001 e visa avaliar tendências da enfermidade no país e contribuir para a proposição de medidas de controle. Para análise dos casos, foi utilizado o banco de dados do Sistema de Vigilância da Raiva Humana (VE6), e realizado estudo descritivo de 313 casos ocorridos no período de 1992 a 2001. Os resultados revelam a tendência de redução do número de casos ao longo do período estudado. O coeficiente ...

  15. Vida humana y luz de la palabra

    OpenAIRE

    Ruiz Ortiz, Fernando María

    2016-01-01

    La paraula de l´home, signe per excel·lència de la comunicació humana, ha estat considerada pels filòsofs des de l´anomenat “gir llingüístic” com allò que o és l´única realitat o bé constitueix un obstacle per accedir a l´èsser de les coses i manifestar la veritat. Pel contrari, en aquesta investigació es pretén estudiar sota la guia del pensament de Tomàs d´Aquino que la llum de la paraula és el fonament del perfeccionament de la vida humana en totes les seves dimensions i que el llenguatge ...

  16. GESTIÓN HUMANA: TENDENCIAS Y PERSPECTIVAS

    Directory of Open Access Journals (Sweden)

    JUAN GUILLERMO SALDARRIAGA RÍOS

    2008-01-01

    Full Text Available En este artículo se hace referencia a las tendencias y las perspectivas de gestión humana que se imponen en el mundo en la actualidad y que, a su manera, pretenden optimizar la administración del personal de la organización y contribuir al desarrollo e incremento de la productividad y la competitividad. Mediante la realización de un Estado del Arte se logran determinar algunas de las tendencias más relevantes en la actualidad y se concluye que, cada vez con mayor fuerza, dichas tendencias se sustentan en discursos que pretenden "rescatar" al ser humano dentro de la organización, lo que no necesariamente se traduce en los procesos de gestión humana que se realizan en las organizaciones nacionales e internacionales.

  17. Myiasis gastrointestinal humana por Eristalis tenax

    Directory of Open Access Journals (Sweden)

    Kun Marcelo

    1998-01-01

    Full Text Available Son caracterizadas las myiasis registradas en Bariloche y establecidas las condiciones probables bajo las cuales se produjeron las infestaciones. Las larvas obtenidas a partir de heces de 2 pacientes fueron identificadas como Eristalis tenax (Diptera: Syrphidae de acuerdo a las claves de Hartley (1961 y Organización Panamericana de la Salud (1962. Estos 2 casos de myiasis gastrointestinal humana constituyen los primeros registrados en Bariloche (Patagonia, Argentina y sus características responden a las registradas para esta especie de Díptera en otras partes del mundo. La falta de control específico en el sistema domiciliario de suministro de agua ha sido la causa más probable de la infestación. Este registro extiende la distribución de E. tenax y de las myiasis gastrointestinales humanas en América del Sur hasta los 41º 03' S.

  18. Ehrliquiosis granulocitotrópica humana

    Directory of Open Access Journals (Sweden)

    José Rafael Rojas-Solano

    2007-04-01

    Full Text Available Las ehrliquiosis humanas son zoonosis emergentes transmitidas por varias especies de garrapatas e infectan gran cantidad de animales silvestres y domésticos. Reportamos el caso de un paciente con un cuadro clínico y hallazgos de laboratorio compatibles con una probable ehrliquiosis granulocitotrópica severa. El paciente se trató con doxicilina y respondió adecuadamente. Fue egresado en buena condición.

  19. 78 FR 17724 - Ivy Funds Variable Insurance Portfolios, et al.; Notice of Application

    Science.gov (United States)

    2013-03-22

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Ivy Funds Variable Insurance Portfolios, et al.; Notice of Application March 15, 2013 . AGENCY... Variable Insurance Portfolios (the ``Trust''), Waddell & Reed Investment Management Company...

  20. Distribution channels of insurance and reinsurance services

    Directory of Open Access Journals (Sweden)

    Njegomir Vladimir

    2007-01-01

    Full Text Available Insurance and reinsurance industry is famous for its traditionalism, that is uninventiveness and neglecting of marketing as business concept and function and by doing so, neglecting opportunities for optimal combination of different distribution channels. However, having in mind Drucker's thesis that only marketing and innovations produce results and that everything else are costs, that applies to all businesses including insurance and reinsurance companies, it is clear that they need to change their way of managing business. Keeping current and attracting new customers, by using optimal combination of marketing mix elements and within its scope by creating optimal mix of distribution channels, as business requirement and objective of insurance and reinsurance companies with strong marketing orientation that leads them to fulfillment of primary objective of their existence - making profit, is becoming specially emphasized with opening of domestic insurance and reinsurance market to foreign competitors with long history of gaining high level of customers' loyalty. Besides that, issues of successful distribution channels' management of insurance and reinsurance services are not treated holistically in domestic literature. Distribution channels of insurance and reinsurance services, as this study shows, are of critical importance for business success of insurance and reinsurance companies.

  1. Insurer vs. Insurance Fraud: Characteristics and Detection

    OpenAIRE

    Jerry D. Todd; Sandra T. Welch; Orion J. Welch; Holmes, Sarah A

    1999-01-01

    Despite concern over insurance fraud by customers, the federal Insurance Fraud Prevention Act primarily targets internal fraud, or insurer fraud, in which criminal acts such as embezzlement could trigger an insurer’s insolvency, rather than fraud perpetrated by policyholders such as filing false or inflated claims—insurance fraud. This study investigates whether insurers’ weapons against insurance fraud are also used effectively to combat insurer fraud.

  2. Health Insurance Basics

    Science.gov (United States)

    ... Can I Help Someone Who's Being Bullied? Volunteering Health Insurance Basics KidsHealth > For Teens > Health Insurance Basics Print ... thought advanced calculus was confusing. What Exactly Is Health Insurance? Health insurance is a plan that people buy ...

  3. Factors affecting the insurance sector development: Evidence from Albania

    Directory of Open Access Journals (Sweden)

    Eglantina Zyka

    2014-03-01

    Full Text Available In this paper we explore factors potentially affecting the size of Albanian insurance market, over the period 1999 to 2009. The results of co- integration regression show that GDP and fraction urban population, both one lagged value, size of population and paid claims, both at contemporary value, have significant positive effect on aggregate insurance premium in Albania while the market share of the largest company in the insurance market, one lagged value, has significant negative effect on aggregate insurance premiums. Granger causality test shows statistically significance contribution of GDP growth to insurance premium growth, GDP drives insurance premium growth but not vice versa. The Albanian insurance market is under development, indicators as: insurance penetration, premium per capita, ect are still at low level and this can justify the insignificant role of the insurance in the economy

  4. 15 CFR 801.12 - Rules and regulations for the BE-140, Benchmark Survey of Insurance Transactions by U.S...

    Science.gov (United States)

    2010-01-01

    ..., Benchmark Survey of Insurance Transactions by U.S. Insurance Companies with Foreign Persons. 801.12 Section.... AND FOREIGN PERSONS § 801.12 Rules and regulations for the BE-140, Benchmark Survey of Insurance Transactions by U.S. Insurance Companies with Foreign Persons. (a) The BE-140, Benchmark Survey of...

  5. NEW VECTORS OF THE MOTOR INSURANCE DEVELOPMENT IN UKRAINE

    Directory of Open Access Journals (Sweden)

    N. Prikazyuk

    2015-04-01

    Full Text Available The essence and features of different forms of motor insurance are studied. As investigated, the motor insurance is one of the most popular types of insurance in many countries, and continues its further quality development. It is stated that the following new vectors of development has been recently observed in developed countries: Internet sales are getting significantly prevalent along with the traditional channels of insurance distribution; insurers’ websites provide a wide range of online features in motor insurance; innovations in motor insurance based on the use of telematics, particularly the usage-based insurance, are widely spread. Basic types of motor insurance, which represent the domestic market, are analyzed. It was found that the share of motor insurance in the insurance market of Ukraine is significant. As established, the proportion of net premiums of motor insurance is decreasing, because its development is significantly influenced by economic factors. Measures, applied by insurance companies in the domestic market of motor insurance to attract new customers and retain the existing ones, are defined. In particular, insurers are trying to develop the implementation of insurance services online, and use possibilities offered by mobile technologies. It was found that the domestic market of motor insurance is characterized by a high level of fraud, that is why some innovative measures in the domestic and international motor insurance agreements are taken to decrease it, such as the introduction of mandatory registration of insurance agents, who have the right to perform mediatory activity in compulsory civil liability insurance of owners of motor vehicles (CCLIOMV, and procedures for contracting the international insurance “Green Card” agreements with simultaneous entering the information on concluded agreement into a unified centralized database of Motor (transport insurance bureau of Ukraine using the “Green Card online

  6. 76 FR 5248 - Insurer Reporting Requirements; Annual Insurer Report on Motor Vehicle Theft for the 2005...

    Science.gov (United States)

    2011-01-28

    ... passenger cars. The Act also addressed several other actions to reduce motor vehicle theft, such as... taken by insurers to assist in deterring thefts. Rental and leasing companies also are required to... leasing company to which this regulation applies must submit a report annually not later than October...

  7. 77 FR 23320 - Insurer Reporting Requirements; Annual Insurer Report on Motor Vehicle Theft for the 2006...

    Science.gov (United States)

    2012-04-18

    ... cars. The Act also addressed several other actions to reduce motor vehicle theft, such as increased... assist in deterring thefts. Rental and leasing companies also are required to provide annual theft reports to the agency. In accordance with 49 CFR 544.5, each insurer, rental and leasing company to...

  8. THE ABILITY OF ROMANIAN INSURERS TO COVER TECHNICAL RESERVES UNDER PRESENT CONDITIONS

    Directory of Open Access Journals (Sweden)

    CRISTINA MIHAELA NAGY

    2012-05-01

    Full Text Available The insurance companies are required to cover gross technical reserves with permitted assets in accordance with the legal regulations in force, namely prudential rules issued by the Insurance Supervisory Commission in accordance with the European directives on the matter, and the coverage of the gross technical reserves, is an important indicator in the insurance sector because it reflects the ability of companies to honor their obligations to the insured.

  9. Perceived Relationships among Components of Insurance Service for Users of Complementary Health Insurance Service

    Directory of Open Access Journals (Sweden)

    Urban Sebjan

    2013-12-01

    Full Text Available This article explores the relationship between the components of the services provided by complementary voluntary health insurance (CVHI, to which users ascribe different levels of importance. Research model that consists of four constructs (importance of quality service, additional coverage, price discounts of CVHI and insurance company reputation and an indicator of the importance of insurance premium of CVHI was tested with structural equation modelling (SEM on the sample of 300 Slovenian users of CVHI. Our findings show that - according to the users - the importance of the component of CVHI service (insurance premium is reflected in the perceived importance of other components of CVHI (additional coverage, quality, price discounts and insurance company reputation.

  10. [Occupational health services as the insurance product and insurance economic instruments].

    Science.gov (United States)

    Rydlewska-Liszkowska, Izabela

    2014-01-01

    One of the most controversial issues in restructuring the Polish health insurance system is the implementation of private voluntary insurance and creation within it a new insurance product known as occupational health services (OHS). In this article some opportunities and dilemmas likely to be faced by providers and employers/employees, when contracting with insurance institutions, are considered as a contribution to the discussion on private insurance in Poland. The basic question is how private insurance institutions could influence the promotion of different preventive activities at the company level by motivating both OHS providers and employers. The descriptive qualitative method has been applied in the analysis of legal acts, scientific publications selected according to keywords (Pubmed), documents and expert evaluations and research project results. Taking into account the experiences of European countries, described in publications, international experts' opinions and results of research projects the solution proposed in Poland could be possible under the following several prerequisites: inclusion of a full scope of occupational health services into the insurance product, constant supervision of occupational medicine professionals, monitoring of the health care quality and the relations between private insurers and OHS provider and implementation of the economic incentives scheme to ensure an adequate position of OHS providers on the market. The proposed reconstruction of the health insurance system, comprising undoubtedly positive elements, may entail some threats in the area of health, organization and economy. Private voluntary health insurance implementation requires precisely defined solutions concerning the scope of insurance product, motivation scheme and information system.

  11. HEALTH INSURANCE

    CERN Multimedia

    2000-01-01

    The CERN-AUSTRIA Agreement, which implemented CERN's health insurance scheme, expired on 31 December 1999.In accordance with CERN's rules, a call for tenders for the management of the health insurance scheme was issued and the contract was once again awarded to AUSTRIA. In June 1999, the Finance Committee thus authorised the Management to conclude a new contract with AUSTRIA, which came into force on 1st January 2000.Continuity is thus assured on favourable conditions and the transition from one contract to the other will entail no substantial changes in the system for those insured at CERN except for a few minor and purely formal amendmentsWHAT REMAINS UNCHANGEDThe list of benefits, i.e. the 'cover' provided by the system, is not changed;Neither is the reimbursement procedure.AUSTRIA's office at CERN and its opening hours as well as its city headquarters remain the same. The envelopes containing requests for reimbursement have had to be sent (since the end of 1998) to :Rue des Eaux-Vives 94Case postale 64021...

  12. Evaluation of the Effectiveness of the Incentive Mechanism of the Fuzzy Comprehensive Evaluation Method Based on the Insurance Agent--China Life Insurance Company Shihezi Branch as an Example%基于模糊综合评价法的保险代理人激励机制有效性评价--以中国人寿石河子分公司为例

    Institute of Scientific and Technical Information of China (English)

    靳芹芹

    2013-01-01

    The market economy gradually opening makes our country’s insurance industry is also faced with the embarrassing situation of brain drain, the reason, is mainly the current incentive mechanism still exist many problems, resulting in the overall economic and social benefits with the agent’s personal interests conflict, based on this, this paper takes Shihezi life insurance company as an example, validity of the incentive mechanism of the agent was described and analyzed quantitatively by using the fuzzy comprehensive evaluation method, which provides the basis to improve the relevant system, but also to the industry to reference.%  市场经济的逐渐开放使得我国保险行业也面临着人才流失的尴尬境遇,究其根本原因,主要是现行的代理人激励机制还存在很多的不足,基于此,本文以石河子人寿保险公司为例,采用模糊综合评价法对其现行的代理人激励机制有效性进行了定量的分析和描述,从而对其相关制度的完善提供依据,同时也给同业以参考和借鉴。

  13. Prudent companies can still meet claims of dying.

    Science.gov (United States)

    Carruthers, J

    1995-12-01

    Insurance companies throughout the world panicked when the extent of the HIV/AIDS epidemic first emerged. They were afraid that those infected would try to get employment with companies who operated a generous death-in-service plan. Companies in the developed countries were much more affected than those in the developing world. However, insurance companies in these countries quickly adjusted their terms of coverage. In Uganda, they increased life insurance premiums by up to two or three times and insisted on an AIDS test. In the West, some companies excluded the risk of death by AIDS-related illnesses for new policyholders. Others refused coverage for applicants suspected to be at risk. The initial panic has abated and now insurance companies generally have been able to continue coverage and pay claims to those dying from AIDS. However, medical insurance is more restricted worldwide. Companies will not pay claims for AIDS-related illness just as they refuse to pay claims for alcohol- or drug-related illness. In Uganda, a widespread AIDS awareness program reaches all sections of society. The majority of the populace cannot afford to pay such insurance, although such policies are widely available. Most large employers have such insurance policies; however, one large bank in Uganda insures the death risk with an AIDS exclusion. The concept of an employer's group insurance should be extended to church groups, cooperative societies, and others. In the West, one insurer devised an AIDS-related Dread Disease Policy that pays the sum insured when the dread disease is diagnosed so that the policyholder can make arrangements for the family. Such an insurance policy would serve people in desperate need in Uganda by selling them the policy before the full-blown AIDS developed. Relatives could pay the premiums, since they are the ones who would look after the family members left behind.

  14. La conciencia humana y el emergentismo

    OpenAIRE

    Braun, Ricardo; Universidad de Lima (Perú)

    2011-01-01

    En este ensayo se exploran los conceptos de conciencia y emergentismo, además de otros conceptos asociados al problema del origen y estatus metafísico y epistemológico de la conciencia humana. Se defiende la idea de que de ser viable la tesis del emergentismo como explicación del origen y características de la conciencia, esta tendría que ser un emergentismo fuerte a diferencia de otras alternativas. La teoría emergentista de D. Chalmers es analizada por ser una posición bastante discutida en...

  15. Periodismo de Frontera y Dignidad Humana

    OpenAIRE

    Cetina Presuel, Rodrigo; Gutiérrez Atala, Fernando (ed.); Corredoira y Alfonso, Loreto

    2017-01-01

    El presente libro explora cuál es el papel del Derecho y la Ética de la información en la protección de la dignidad humana, particularmente en relación con las actividades informativas que se dan en ámbitos transfronterizos, ya sea entre países colindantes o entre países y organizaciones que tienen influencia regional y en los asuntos internos de otros terceros países. Entre otros temas, el libro también mira hacia procesos de paz como el vivido en Colombia y por extensión analiza temas a...

  16. Metodologias multidimensionais em Ciências Humanas

    Directory of Open Access Journals (Sweden)

    Ruby Esther León Díaz

    2014-03-01

    Full Text Available Los cuestionamientos contemporáneos hechos a las ciencias humanas tienen como punto de partida la excesiva división disciplinar, aunada a la construcción de visiones deterministas y absolutas de la naturaleza, del ser humano, del espíritu, de las cosas, de las teorías y de los valores. El trabajo presentado por las docentes de la Pontificia Universidad Católica de São Paulo (PUC-SP apuntala sobre esos cuestionamientos desde la teoría de la complejidad del pensador judeo-francés Edgar Morin.

  17. Hidatidosis humana en el Perú

    OpenAIRE

    Luis Guerra Montero; María Ramírez Breña

    2015-01-01

    El objetivo de este trabajo ha sido conocer el estado de la hidatidosis humana, por la gran incidencia que presenta en nuestro país, principalmente en la región central andina. La recopilación de datos fue a partir de la revisión de fuentes primarias sobre epidemiología, el ciclo vital del parásito y del manejo del paciente afecto de Hidatidosis. Algunos hallazgos permiten afirmar que la hidatidosis es una enfermedad producida por el estado larval del cestodo Echinococcus del género Granulosu...

  18. A COMPARATIVE ANALYSIS BETWEEN UNIT-LINKED LIFE INSURANCE AND OTHER ALTERNATIVE INVESTMENTS

    OpenAIRE

    CRISTINA CIUMAS; DIANA-MARIA CHIS

    2015-01-01

    The unit-linked life insurance has two important components: protection and investment. The protection component refers to the insured sum in case of the occurrence of insured risks and the investment component refers to the policyholder’s account that represents the present value of the units from the chosen investment funds.These financial products invest most of the premium paid by the insured person in the funds managed by the insurance company or an external administrator and the lower p...

  19. A COMPARATIVE ANALYSIS BETWEEN UNIT-LINKED LIFE INSURANCE AND OTHER ALTERNATIVE INVESTMENTS

    OpenAIRE

    CRISTINA CIUMAS; DIANA-MARIA CHIS

    2015-01-01

    The unit-linked life insurance has two important components: protection and investment. The protection component refers to the insured sum in case of the occurrence of insured risks and the investment component refers to the policyholder’s account that represents the present value of the units from the chosen investment funds.These financial products invest most of the premium paid by the insured person in the funds managed by the insurance company or an external administrator and...

  20. The Federal Role in Terrorism Insurance. Evaluating Alternatives in an Uncertain World

    Science.gov (United States)

    2007-01-01

    expertise on the issues relevant to terrorism risk and insurance through interviews, written comments, and attendance at multiple advisory board...2006 conducted by the Risk and Insurance Management Society found that less than 10 percent of companies had NBCR coverage on property policies (PWG...Insurance Firm,” Journal of Risk and Insurance , Vol. 58, No. 2, June 1991, pp. 261–302. ———, “Should the Government Provide Insurance for Catastrophes

  1. Environmental liability on the risk of hazardous meterials. (2). ; Problems and trends in the international companies, especially with regards to the techniques and law of insurances (from the lst international congress on safety science). Kikenbusshitsu risk ni taisuru kankyo sekinin. (2). ; Kokusai hikaku ni okeru mondaiten to keiko, oyobi koreyori shozuru hoken gijutsu to hokenhojo no mondaiten (daiikkai anzen kogaku kokusai kaigi kara shoyaku)

    Energy Technology Data Exchange (ETDEWEB)

    Shimizu, H. (Yokohama National University, Yokohama (Japan). Faculty of Engineering)

    1991-10-15

    An environmental liability act was promulgated in the European Community where the regulation on air, water, soils and foods, and the liability provisions are increasingly tightened. This paper introduces the Conditions in Germany'' for the circumstances thereabout as seen from the insurance company point of view, using an extract from the presentations at the lst International Safety Engineerings Conference. In Germany, the consciousness to the problem of Altlasten'' (inadequate disposition areas) has been heightened since about 1983. This has made the problems of soil and ground water contamination handled in more advanced ways, whereas the criterion values are not fixed but incessantly revised downwards, causing a situation embarrassing for insurance companies in how to handle liabilities of unspecified number og parties on the pollutions accumulated over many years. The new environmental act is unified under one common concept from the water quality control act to the gene technologies act. For instance in the gene technologies act enforced in July 1990, all the related operations must follow the intentions of the law makers, and are subject to statutory regulations. Liabilities must be fulfilled on any damage that even operators and scientists were not able to be aware of.

  2. FEATURES OF PROFESSIONAL LIABILITY INSURANCE REALIZATION IN UKRAINE

    Directory of Open Access Journals (Sweden)

    О. Lobova

    2015-04-01

    Full Text Available The signs of professional liability insurance are generalized in the article. It is the presence of losses, additional costs that require mechanisms and sources of compensation. The essence of the professional responsibility concept is determined and it is characterized like specialists material liability of different professions, lack of qualifications, errors and omissions are due to carelessness or negligence may cause harm to the client The main elements of the professional liability insurance contract, such as insurance objects, insurance compensation, insurance risks are described. The types of professional liability insurance are characterized. There are such types of the professional liability insurance: professional liability insurance of architect, lawyer, auditor (accountant, appraiser, notary, customs broker and doctor. It is determined, that the most widespread in Ukraine is the professional liability insurance of lawyer and customs broker because the policy is purchased for the sole purpose to obtain a license. The size of insurance rates in the provision of professional liability insurance in different insurance companies of Ukraine are analyzed. It is established that insurance rate depends on the type of professional activity, scope of service, qualifications and the other factors. The development impulse can only provide judicial and legal definition of professions wide list that are subject under mandatory professional liability insurance.

  3. Interdependence of life insurance service quality and premium

    Directory of Open Access Journals (Sweden)

    Dragan Benazić

    2006-12-01

    Full Text Available Insurance companies in Croatia feel the need to find new sources of competitive advantage on the Croatian life insurance market amid increasing competition and a poorly profiled offer of life insurance services. Lately, both marketing literature and practice seem to point to the shaping of a relationship between service quality and price as a possible solution to improving the position of insurance companies on the Croatian market. In providing life insurance services, the insurance companies should focus on the quality elements that offer certain benefits a client is willing to pay for. Changes in individual quality features have been evaluated differently by clients. Such differences in their evaluation of changes in the individual elements of service quality also reflect the willingness of clients to pay a suitable increase on their insurance premium. Improvements in the service quality features that are subjectively evaluated as important should lead to the client’s acceptance of a higher life insurance premium. The paper considers the interdependence between the quality of life insurance services and the premium from the aspect of the client’s willingness to pay a higher life insurance premium for a higher service quality.

  4. Insurability of living organ donors: a systematic review.

    Science.gov (United States)

    Yang, R C; Thiessen-Philbrook, H; Klarenbach, S; Vlaicu, S; Garg, A X

    2007-06-01

    Being an organ donor may affect one's ability to obtain life, disability and health insurance. We conducted a systematic review to determine if insurability is affected by living organ donation, and if concern about insurability affects donor decision making. We searched MEDLINE, EMBASE, SCI, EconLit and Cochrane databases for articles in any language, and reviewed reference lists from 1966 until June 2006. All studies discussing the insurability of living organ donors or its impact on donor decision making were included. Data were independently abstracted by two authors, and the methodological quality appraised. Twenty-three studies, from 1972 to 2006, provided data on 2067 living organ donors, 385 potential donors and 239 responses from insurance companies. Almost all companies would provide life and health insurance to living organ donors, usually with no higher premiums. However, concern about insurability was still expressed by 2%-14% of living organ donors in follow-up studies, and 3%-11% of donors actually encountered difficulties with their insurance. In one study, donors whose insurance premiums increased were less likely to reaffirm their decision to donate. Based on available evidence, some living organ donors had difficulties with insurance despite companies reporting otherwise. If better understood, this potential barrier to donation could be corrected through fair health and underwriting policies.

  5. Dirofilariose pulmonar humana: relato de sete casos

    Directory of Open Access Journals (Sweden)

    CAVALLAZZI RODRIGO SILVA

    2002-01-01

    Full Text Available Dirofilariose pulmonar humana é uma doença rara causada pelo parasita Dirofilaria immitis. Apresenta-se usualmente como um nódulo pulmonar solitário que mimetiza câncer de pulmão. Embora considerada uma doença clinicamente benigna, uma biópsia pulmonar excisional é quase sempre necessária para o diagnóstico. Relatam-se as características epidemiológicas, clínicas e radiológicas de sete casos de dirofilariose pulmonar humana em Florianópolis. De sete pacientes relatados, seis tiveram como achado radiológico um nódulo pulmonar e foram submetidos à biópsia pulmonar excisional para o diagnóstico. Em um paciente, a imagem radiológica não estava disponível para revisão e, portanto, não foi descrita no trabalho; o diagnóstico foi estabelecido pela biópsia transbrônquica.

  6. 76 FR 64174 - Public Input on the Report to Congress on How To Modernize and Improve the System of Insurance...

    Science.gov (United States)

    2011-10-17

    ... coordination of insurance regulation; 7. The costs and benefits of potential Federal regulation of insurance... policyholder claims over other unsecured general creditor claims; iii. In the case of life insurance companies... Public Input on the Report to Congress on How To Modernize and Improve the System of Insurance...

  7. BANCASSURANCE – MAIN INSURANCE DISTRIBUTION AND SALE CHANNEL IN EUROPE

    National Research Council Canada - National Science Library

    Cătălina BOLOVAN; Emilia CLIPICI

    2012-01-01

    ...), achieving convergence towards common platforms. The driving factor of the bancassurance system must also be sought in the common need of banks and insurance companies to optimize the structure and efficiency of the distribution channels...

  8. 48 CFR 1852.228-75 - Minimum insurance coverage.

    Science.gov (United States)

    2010-10-01

    ... locality and sufficient to meet normal and customary claims. (d) Comprehensive general and motor vehicle liability policies shall contain a provision worded as follows: “The insurance company waives any right of...

  9. COMPARISON OF AGRICULTURAL INSURANCE DEVELOPMENT OF CROATIA, EU AND USA

    Directory of Open Access Journals (Sweden)

    Lovro Babić

    2014-12-01

    Full Text Available Based on the usage of multiple sources of literature in this paper, a review of the most important characteristics is made along with the comparison of functions related to agricultural insurance in Croatia. Larger part of this paper is about comparison of offers and the ways agricultural insurance is being subsided in developed countries of the EU and USA on one hand, and Croatia on the other. Also, a display of risk coverage is made, along with the subsidization of the country and the way insurance system functions in Spain (country with the most developed security in Europe, Portugal, Italy, Austria and France. Main characteristic of the agricultural insurance in Croatia is a weak offer from the insurance companies, but also a weak demand. Therefore, only four companies can insure crops and plantations in Croatia. Although risk is unavoidable, negative impacts can be reduced with well-timed reaction and responsible organisation.

  10. On the regulator-insurer interaction in a structural model

    Science.gov (United States)

    Bernard, Carole; Chen, An

    2009-11-01

    In this paper, we provide a new insight to the previous work of Briys and de Varenne [E. Briys, F. de Varenne, Life insurance in a contingent claim framework: Pricing and regulatory implications, Geneva Papers on Risk and Insurance Theory 19 (1) (1994) 53-72], Grosen and Jørgensen [A. Grosen, P.L. Jørgensen, Life insurance liabilities at market value: An analysis of insolvency risk, bonus policy, and regulatory intervention rules in a barrier option framework, Journal of Risk and Insurance 69 (1) (2002) 63-91] and Chen and Suchanecki [A. Chen, M. Suchanecki, Default risk, bankruptcy procedures and the market value of life insurance liabilities, Insurance: Mathematics and Economics 40 (2007) 231-255]. We show that the particular risk management strategy followed by the insurance company can significantly change the risk exposure of the company, and that it should thus be taken into account by regulators. We first study how the regulator establishes regulation intervention levels in order to control for instance the default probability of the insurance company. This part of the analysis is based on a constant volatility. Given that the insurance company is informed of regulatory rules, we study how results can be significantly different when the insurance company follows a risk management strategy with non-constant volatilities. We thus highlight some limits of the prior literature and believe that the risk management strategy of the company should be taken into account in the estimation of the risk exposure as well as in that of the market value of liabilities.

  11. 26 CFR 1.812-6 - New company defined.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false New company defined. 1.812-6 Section 1.812-6...) INCOME TAXES Gain and Loss from Operations § 1.812-6 New company defined. Section 812(e) provides that for purposes of part I, subchapter L, chapter 1 of the Code, a life insurance company is a...

  12. 75 FR 55699 - Series LLCs and Cell Companies

    Science.gov (United States)

    2010-09-14

    ... the creditors of the cell company. Under current law, there is little specific guidance regarding... law entity, such as an ordinary limited liability company. Individual series generally are not treated... insurance businesses. See, for example, The Companies (Guernsey) Law, 2008 Part XXVII (Protected Cell...

  13. Forest property insurance: an application to mediterranean woodlands

    OpenAIRE

    Pinheiro, António C.; Ribeiro,Nuno

    2011-01-01

    Fire is the biggest forest enemy in many countries, especially in those that have dry and hot climates. Fire destroys biomass and makes forest production a very risky business. Forest insurance could decrease fire risk and would contribute to make forest activities more profitable. Nowadays, in many countries, it is not easy to find companies that want to insure forests stands. The most important reasons to explain this fact are the followings. First, in many countries, forest insurance is no...

  14. New insurance for older plants; Alte Anlagen neu versichern

    Energy Technology Data Exchange (ETDEWEB)

    Loenker, O.

    2004-09-01

    Insurance companies are terminating insurance policies for wind power on a large scale. Information is presented on points to be observed by wind power system owners when taking out new insurance policies. Less favourable conditions are now offered for older turbines. (orig.) [German] Die Assekuranzen kuendigen im grossen Stil ihre Vertraege mit Windkraft-Betreibern. Worauf die Windmueller bei ihrer Suche nach einer neuen Police achten sollten. Die Versicherungskonditionen fuer Alt-Turbinen haben sich deutlich verschlechtert. (orig.)

  15. Forest insurance market participants’ game behavior in China: An analysis based on tripartite dynamic game model

    Directory of Open Access Journals (Sweden)

    Ning Ma

    2015-11-01

    Full Text Available Purpose: In forest insurance market, there are three main participants including the insurance company, the forest farmer and the government. As different participant has different benefit object, there will be a complex and dynamic game relationship among all participants. The purpose of this paper is to make the game relationship among all participants in forest insurance market clear, and then to put forward some policy suggestions on the implementation of forest insurance from the view of game theory. Design/methodology/approach: Firstly, the static game model between the insurance company and the forest farmer is set up. According to the result of static game model, it’s difficult to implement forest insurance without government. Secondly, the tripartite dynamic game model among the government, the insurance company and the forest farmer is proposed, and the equilibrium solution of tripartite dynamic game model is acquired. Finally, the behavioral characteristics of all participants are analyzed according to the equilibrium solution of tripartite dynamic game model. Findings: the government’s allowance will be an important positive factor to implement forest insurance. The loss of the insurance company, which the lower insurance premium brings, can be compensated by the allowance from the government. The more the government provides allowance, the more actively the insurance company will implement forest insurance at a low insurance premium. In this situation, the forest farmer will be more likely to purchase the forest insurance, then the scope of forest insurance implementation will expend. Originality/value: There is a complex and dynamic game relationship among all participants in forest insurance market. Based on the tripartite dynamic game model, to make the game relationship between each participant clear is conducive to the implementation of forest insurance market in China.

  16. An Investigation of the Factors Affecting the Purchase of Comprehensive Car Insurance Policies of Vehicle Owners

    Directory of Open Access Journals (Sweden)

    Hakan EYGÜ

    2012-09-01

    Full Text Available Comprehensive insurance is the coverage purchased by the individuals in exchange for the premiums paid for insuring their movable properties against the damages caused by either their or others’ faults. Comprehensive insurance is generally rooted in the automotive sector and its applications are generally designed for this sector. Vehicle owners buy their vehicles according to their tastes using a considerable part of their savings. Purchasing of a comprehensive car insurance policy means that the purchaser is transferring the costs borne by the risks to be occurred related to his or her vehicle to the insurance company. Thus, the vehicle is insured against any costs arise in case of any damage. This study were examined to investigate the comprehensive car insurance policy ownership ratio of vehicle owners, factors that may be affecting the ownership of such policies, opinions of policy owners on the insurance company providing the coverage and the factors affecting the decision of not purchasing comprehensive car insurance policies.

  17. 78 FR 59985 - Variable Insurance Trust, et al.;

    Science.gov (United States)

    2013-09-30

    ... safety through greater diversification, or by making the addition of new portfolios more feasible... supporting variable life insurance contracts (``VLI Accounts'') holds shares of an existing portfolio of the...''). An Insurance Fund is any investment company (or investment portfolio or series thereof), including an...

  18. Life Insurance Liabilities with Policyholder Behaviour and Stochastic Rates

    DEFF Research Database (Denmark)

    Buchardt, Kristian

    In any life and pension insurance company, it is a central task to calculate the value of the liabilities toward the policyholders. In the classic model for such valuations, a continuous time Markov chain in a finite state space describes the state of the insured, and the interest rate, mortality...

  19. Forestry Standardization & Forestry Insurance

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ Forestry insurance of our country has developed slowly,of which the main difficulty lies in predicting and determining forestry risk,confirming the sum insured,raising the premiums, indemnity for property loss,coordinating forestry insurance and forestry protection,and lack of insurance legal system etc.With the implementation of forestry's standardized project,and overcoming effectively the technological obstacle existing in forestry's insurance,the development speed of forestry's insurance will be accelerated too.

  20. Federal Deposit Insurance Corporation (FDIC) Insured Banks

    Data.gov (United States)

    Department of Homeland Security — The Summary of Deposits (SOD) is the annual survey of branch office deposits for all FDIC-insured institutions including insured U.S. branches of foreign banks. Data...

  1. Economic and Managerial Approach of Health Insurances

    Directory of Open Access Journals (Sweden)

    Marinela BOBOC

    2005-10-01

    Full Text Available The paper represents an analysis in the domain of the social insurances for health care. It emphasizes the necessity and the opportunity ofcreating in Romania a medical service market based on the competing system. In Romania, the social insurances for health care are at their verybeginning. The development of the domain of the private insurances for health care is prevented even by its legislation, due to the lack of a normativeact that may regulate the management of the private insurances for health care. The establishment of the legislation related to the optional insurancesfor health care might lead to some activity norms for the companies which carry out optional insurances for health care. The change of the legislationis made in order to create normative and financial opportunities for the development of the optional medical insurances. This change, as part of thesocial protection of people, will positively influence the development of the medical insurance system. The extension of the segment of the optionalinsurances into the medical insurance segment increases the health protection budget with the value of the financial sources which do not belong tothe budgetary funds.

  2. Life insurance for living kidney donors: a Canadian undercover investigation.

    Science.gov (United States)

    Yang, R C; Young, A; Nevis, I F P; Lee, D; Jain, A K; Dominic, A; Pullenayegum, E; Klarenbach, S; Garg, A X

    2009-07-01

    Some living kidney donors encounter difficulties obtaining life insurance, despite previous surveys of insurance companies reporting otherwise. To better understand the effect of donation on insurability, we contacted offices of life insurance companies in five major cities in Canada to obtain $100 000 of life insurance (20-year term) for 40 fictitious living kidney donors and 40 paired controls. These profiles were matched on age, gender, family history of kidney disease and presence of hypertension. The companies were blinded to data collection. The study protocol was reviewed by the Office of Research Ethics. The main study outcomes were the annual premium quoted and total time spent on the phone with the insurance agent. All donor and control profiles received a quote, with no significant difference in the premium quoted (medians $190 vs. $209, p = 0.89). More time was spent on the phone for donor compared to control profiles, but the absolute difference was small (medians 9.5 vs. 7.0 min, p = 0.046). Age, gender, family history of kidney disease and new-onset hypertension had no further effect on donor insurability in regression analysis. We found no evidence that kidney donors were disadvantaged in the first step of applying for life insurance. The effect donation has on subsequent phases of insurance underwriting remains to be studied.

  3. Do Insurers Have to Pay for Bad Behaviour in Settling Claims? Legal Aspects of Insurers' Wrongful Claims Handling

    NARCIS (Netherlands)

    W.H. van Boom (Willem)

    2011-01-01

    textabstractAbstract: This article presents a comparative legal analysis of wrongful claims handling by insurance companies in indemnity and liability insurance. From the outset, it is clear that it may be difficult to draw the line between legitimate claims denial and refusal to pay, on the one han

  4. Do Insurers Have to Pay for Bad Behaviour in Settling Claims? Legal Aspects of Insurers' Wrongful Claims Handling

    NARCIS (Netherlands)

    W.H. van Boom (Willem)

    2011-01-01

    textabstractAbstract: This article presents a comparative legal analysis of wrongful claims handling by insurance companies in indemnity and liability insurance. From the outset, it is clear that it may be difficult to draw the line between legitimate claims denial and refusal to pay, on the one han

  5. Insurance fraud on the Czech insurance market

    OpenAIRE

    Jastremská, Kateřina

    2015-01-01

    The thesis deals with insurance fraud on the Czech insurance market. The introductory section describes the actual state of the insurance market. Insurance fraud is presented in terms of legislation, their species and the general alarming indicators. The next section deals with internal fraud and depictures a brief profile of the typical internal fraudster, indicators of their suspicious behavior and ways of prevention. The following chapter describes the external fraud in the life and non-li...

  6. Metafísica del alma humana

    OpenAIRE

    Guiu Andreu, Ignacio

    1991-01-01

    Con esta tesis me propongo una comprensión radical del alma humana en términos de ser. Un estudio del alma ut ens, ut habens esse. La composición real de esencia y ser es la clave que nos permite definir metafísicamente a todo ente finito y desentrañar así su estructura última y más profunda. Ahora bien, como la verdad se funda en el ser más que en la esencia, veritas fundatur in esse magis quam in quidditate (In I Sent., d. 19, q. 5, a. 1), la verdad del alma y, en consecuencia, la del hombr...

  7. Ehrliquiosis granulocitotrópica humana

    Directory of Open Access Journals (Sweden)

    José Rafael Rojas-Solano

    2007-04-01

    Full Text Available Las ehrliquiosis humanas son zoonosis emergentes transmitidas por varias especies de garrapatas e infectan gran cantidad de animales silvestres y domésticos. Reportamos el caso de un paciente con un cuadro clínico y hallazgos de laboratorio compatibles con una probable ehrliquiosis granulocitotrópica severa. El paciente se trató con doxicilina y respondió adecuadamente. Fue egresado en buena condición.Human ehrlichiosis are emergent tick-borne zoonoses, affecting many wild and domestic mammals. We report the case of a patient with a clinical picture and laboratory findings compatible with severe granulocytic ehrlichiosis. The patient was treated with doxyciclin and did fine.

  8. Libertad humana y presciencia divina en Boecio

    Directory of Open Access Journals (Sweden)

    Manuel Correia M.

    2002-01-01

    Full Text Available En este artículo, me propongo mostrar que la discusión de Boecio sobre la compatibilidad de la libertad humana y la praescientia divina (De consolatione philosophiae, Libro V es una elaborada doctrina que une elementos neoplatónicos y lógica aristotélica. Según argumento, la discusión está conectada a la preocupación anterior sobre este tema mantenida por los estoicos, y sus principales líneas de desarrollo van a influir en pensadores como Santo Tomás de Aquino, L. Valla y G.W. Leibniz. En lo esencial, la doctrina de Boecio dice que no es la sola razón humana lo que hace al hombre libre, sino su fin, que es Dios como ser eternamente presente a los procesos necesarios y contingentes del universo. Esto está supuesto en sus palabras finales sobre el poder de la oraciónIn this article, I attempt to show that Boethius' discussion on the compatibility between human freedom and praescientia divina (De consolatione philosophiae, Book V is a refined piece of doctrine combining Neoplatonic elements and Aristotelian logic. The discussion, I argue, is connected to the Stoic early concern on the topic and its main lines of development are to be influential in later thinkers as St. Th. Aquinas, L. Valla and G.W. Leibniz. Basically, Boethius' doctrine means that it is not only the human reason by itself what makes the man free, but also the end of reason, i.e., God, who is eternally present to necessary and contingent processes in the universe. This is suggested by his final words on the power of prayer

  9. Epidemiologia da raiva humana na Guanabara

    Directory of Open Access Journals (Sweden)

    Alfredo R. Matta B. da Silva

    1971-08-01

    Full Text Available A raiva humana se mantém como problema de Saúde Pública, especialmente nas áreas urbanas, onde o cão atua como principal reservatório e fonte imediata de infecção. A deficiência de programas de controle de cães vadios, de imunização sistemática e de educação sanitária, contribui para a perpetuação da cadeia epidemiológioa. O presente estudo analisa todos os casos de raiva humana, observados em habitantes do Estado da Guanabara, no período 1965-1969, segundo as variáveis: idade, sexo, côr, variação estacional, período de incubação e de duração da fase clínica, fonte de infecção, local de mordedura e uso de vacina posterior à exposição. Os principais resultados foram: 1. A ravia na Guanabara, parece ser mais comum nos grupos etários mais jovens e nos homens. 2. Não se observou variação estacional. 3. O período de incubação mediano foi de 45 dias e de duração da fase clínica de 3 dias. 4. Ocorreu uma associação entre período de incubação menor e vacinação incompleta.

  10. Duty to provide pre-contractual information of crop insurance

    Directory of Open Access Journals (Sweden)

    Ivančević Katarina

    2016-01-01

    Full Text Available Crop insurance is one of the most important types of agricultural insurance. From the aspect of insurance technique, this insurance is very challenging and requires careful drafting of insurance terms and tariffs. This type of insurance can provide security to farmers in case of financial losses caused by numerous risks which they are exposed to. Insufficient knowledge of the opportunities that the insurance provides is caused in part by inaccurate and vague explanations that have been offered by insurers in negotiation stage to interested farmers. In this regard, an important novelty in Serbian law is the obligation of contractual information which was introduced by the new Insurance Law (IL. In this way, additional protection to users of the service of insurance in relation to the provisions of the obligation law is provided. The goal of this obligation is to allow a negotiator to gain a clear idea of the essential elements of the insurance contract, to consider the proposed coverage and make a reasonable decision whether to accept the conclusion of the insurance contract or not, i.e. under what conditions it should be concluded. Sanctions for failure in the obligation to inform act preventively and repressively on insurers. The aim of this study is analyse the legal and factual position of the service beneficiaries in terms of obligation of economically and experientially superior contractor of lawful and full information of a policyholder prior to the conclusion of an insurance contract in a very specific branch of insurance, such as crop insurance. The application of inductive-deductive and comparative-legal research method, points to certain doctrinal and normative solutions from other legal systems, legal provisions applicable in the law of the Republic of Serbia are critically set out, as well as the daily practice of insurance companies.

  11. 77 FR 16280 - Capital Research and Management Company, et al.; Notice of Application

    Science.gov (United States)

    2012-03-20

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Capital Research and Management Company, et al.; Notice of Application March 14, 2012. AGENCY.... APPLICANTS: American Funds Insurance Series (``AFIS''), Capital Research and Management Company...

  12. 29 CFR 2520.103-2 - Contents of the annual report for a group insurance arrangement.

    Science.gov (United States)

    2010-07-01

    ... collective trust maintained by a bank, trust company or similar institution, a copy of the annual statement... pooled separate account maintained by an insurance company, or a common or collective trust maintained by a bank or similar institution, and see § 2520.104-43(b)(2) for when the terms “group insurance...

  13. Default risk, bankruptcy procedures and the market value of life insurance liabilities

    NARCIS (Netherlands)

    A. Chen; M. Suchanecki

    2007-01-01

    The topic of insolvency risk in connection with life insurance companies has recently attracted a great deal of attention. In this paper, the question is investigated of how the values of the equity and of the liability of a life insurance company are affected by the default risk and the choice of t

  14. PERFORMANCES OF INSURANCE MARKET IN MONTENEGRO IN CONDITIONS OF FINANCIAL CRISIS

    Directory of Open Access Journals (Sweden)

    Julija Cerović

    2011-06-01

    Full Text Available Insurance market of Southeast European countries is characterized by significant changes due to uneven economic growth and development. At markets of developed countries, life insurance premium has the leading position in total insurance premium. Due to insufficient economic development of Montenegro, and inadequate awareness and distrust of citizens, compulsory insurances make the biggest part in the total portfolio of the insurance market in Montenegro. The insurance industry was not fully exposed to crisis and drastic changes have not been expected within this type of industry. The global financial crisis did not have a direct negative impact on the insurance market in Montenegro, but rather the indirect one that may be identified through the decline in purchasing power of citizens, decrease in the lending activity of the banks, and through possible recession. Since the financial markets both in Montenegro and in the region are not sufficiently developed, the insurance companies were not able to invest funds in sophisticated securities and financial derivatives, while the Law on Insurance, on the other hand, limited the companies to invest available monetary assets in risky securities, such as stocks. Insurance development trends primarily depend on economic growth, while strict rules and other regulations dominantly affect the improvement and development of insurance market in every country. Therefore, the control of business of insurance companies, licensed brokers and insurance agents, directing insurance companies to invest free funds into non-risky forms of property and adequate promotion of insurance activities can provide reduction in negative impacts of economic events, i.e. affect insurance companies so that they realize the best possible business results in this and later period.

  15. Students Left behind: The Limitations of University-Based Health Insurance for Students with Mental Illnesses

    Science.gov (United States)

    McIntosh, Belinda J.; Compton, Michael T.; Druss, Benjamin G.

    2012-01-01

    A growing trend in college and university health care is the requirement that students demonstrate proof of health insurance prior to enrollment. An increasing number of schools are contracting with insurance companies to provide students with school-based options for health insurance. Although this is advantageous to students in some ways, tying…

  16. ANALYSIS ON THE EVOLUTION OF INSURANCE SYSTEMS IN ROMANIA - THE PAST FIVE YEARS

    Directory of Open Access Journals (Sweden)

    AURELIA PĂTRAȘCU

    2016-08-01

    Full Text Available The aim of this paper is to analyze the evolution of insurance systems in Romania in the past five years. Unlike other European countries, it can be seen that Romania does not have a well-established insurance tradition. Insurance companies are constantly adapting to the realities of the financial situation and the market structure in Romania.

  17. 78 FR 47671 - Proposed Information Collection; Comment Request; Benchmark Survey of Insurance Transactions by U...

    Science.gov (United States)

    2013-08-06

    ... Mark Xu, Chief, Special Surveys Branch, Balance of Payments Division, (BE-50), Bureau of Economic... insurance companies resident abroad; (7) receipts for auxiliary insurance services; and (8) payments for... their insurance transactions for each category. The data are needed to monitor U.S. international trade...

  18. Environmental Pollution Liability Insurance in China: In Need of Strong Government Backing

    NARCIS (Netherlands)

    Feng, Y.; Mol, A.P.J.; Lu, Y.; He, G.; Koppen, van C.S.A.

    2014-01-01

    Environmental pollution liability insurance was officially introduced in China only in 2006, as part of new market-based approaches for managing environmental risks. By 2012, trial applications of pollution insurance had been launched in 14 provinces and cities. More than ten insurance companies

  19. Company analysis

    DEFF Research Database (Denmark)

    Jenster, Per V.; Hussey, David

    This volume looks at the company appraisal as a whole, examining the continuing need to appraise companies as part of the continuing strategy process. Building from a sound basis of theory, the text aims to be practical and to give guidance to senior managers and others involved in the strategy p...

  20. The cost conundrum: financing the business of health care insurance.

    Science.gov (United States)

    Kelly, Annemarie

    2013-01-01

    Health care spending in both the governmental and private sectors skyrocketed over the last century. This article examines the rapid growth of health care expenditures by analyzing the extent of this financial boom as well some of the reasons why health care financing has become so expensive. It also explores how the market concentration of insurance companies has led to growing insurer profits, fewer insurance providers, and less market competition. Based on economic data primarily from the Government Accountability Office, the Kaiser Family Foundation, and the American Medical Associa tion, it has become clear that this country needs more competitive rates for the business of health insurance. Because of the unique dynamics of health insurance payments and financing, America needs to promote affordability and innovation in the health insurance market and lower the market's high concentration levels. In the face of booming insurance profits, soaring premiums, many believe that in our consolidated health insurance market, the "business of insurance" should not be exempt from antitrust laws. All in all, it is in our nation's best interest that Congress restore the application of antitrust laws to health sector insurers by passing the Health Insurance Industry Antitrust Enforcement Act as an amendment to the McCarran-Ferguson Act's "business of insurance" provision.

  1. INFORMATION SCENARIOS OVER THE RISK IN INSURANCE

    Directory of Open Access Journals (Sweden)

    Mariana Rodica Tirlea

    2013-07-01

    Full Text Available Risks management means identifying them, assessing, quantifying and strategy to counter them, and finding solutions to some levers to diminish or even eliminate the possibility of developing or their consequences. Hung everywhere, risk is associated with uncertain situations and opportunities. The consequences of risk can result in adverse or positive effects related to the activity of the insurance undertaking or of the reinsurance undertaking. The risk has a pronounced randomly character, and its presence in the field of insurance undertakings and reinsurance. This can be explained by the fact that the risks are taken by these companies and have direct effects on their financial results during the period of validity of the contractual relations. The results of risk effects have an impact on the results of activity of insurance companies. The financial impact of a negative event, exceed the sum of the individual loss, leading in some cases to bankruptcy. The financial impact is due to the positive opportunities, which have not made an appearance, and the first event to transform into income. An important role is the responsibility of the information system, providing solutions based on scenarios, by electronic data processing, consider all types of consequences of a hazard and allow insurance companies and reinsurance, on the other hand, to calculate all the possible consequences of a given event and the ultimate financial impact on them, and finally, to make decisions to base decisions for various insurance products and reinsurance. People insurance records for each situation. In practice the scenario method is only used to make specific estimates for different scenarios depending on the circumstances, which has a certain probability of realization, for the favorable; for the neutral and negative and gives solutions for each individual, taking into account certain criteria. For example, we will present a life insurance in several poses.

  2. Women's Health Insurance Coverage

    Science.gov (United States)

    ... Women's Health Policy Women’s Health Insurance Coverage Women’s Health Insurance Coverage Oct 21, 2016 Facebook Twitter LinkedIn Email ... of the ACA on women’s coverage. Sources of Health Insurance Coverage Employer-Sponsored Insurance: Approximately 57.5 million ...

  3. Alternative health insurance schemes

    DEFF Research Database (Denmark)

    Keiding, Hans; Hansen, Bodil O.

    2002-01-01

    In this paper, we present a simple model of health insurance with asymmetric information, where we compare two alternative ways of organizing the insurance market. Either as a competitive insurance market, where some risks remain uninsured, or as a compulsory scheme, where however, the level...... competitive insurance; this situation turns out to be at least as good as either of the alternatives...

  4. Insurance of solar systems; Vorsicht statt Nachsicht

    Energy Technology Data Exchange (ETDEWEB)

    Seltmann, T.

    1998-07-01

    Some insurance companies (e.g. Fairsicherungsladen, Muenster, and Quickborner Versicherungsbuero fuer Umweltprojekte) are offering special insurance packages for solar systems. However, these are tailored for large-surface systems on roofs not owned by the insured party. Builder-owners with small roof-mounted solar systems will fare better by integrating the PV system in their existing building insurance. (orig.) [Deutsch] Aus den Erfahrungen im Bereich der Windkraftanlagen entwickelten u.a. Versicherungsbueros wie der Fairsicherungsladen in Muenster und das Quickborner Versicherungsbuero fuer Umweltprojekte spezielle Versicherungsangebote fuer die Betreiber von Solarstromanlagen. Waehrend sich diese ``Vollkaskoversicherungen`` fuer grosse Anlagen auf Fremddaechern optimal eignen, bietet es sich fuer die Betreiber kleiner Anlagen auf dem eigenen Hausdach zunaechst an, die PV-Anlage in die bestehenden Gebaeudeversicherungen einzubeziehen. (orig./AKF)

  5. On a Strategy to Develop Robust and Simple Tariffs from Motor Vehicle Insurance Data

    Institute of Scientific and Technical Information of China (English)

    Andreas Christmann

    2005-01-01

    The goals of this paper are twofold: we describe common features in data sets from motor vehicle insurance companies and we investigate a general strategy which exploits the knowledge of such features. The results of the strategy are a basis to develop insurance tariffs. We use a nonparametric approach based on a combination of kernel logistic regression and ε-support vector regression which both have good robustness properties. The strategy is applied to a data set from motor vehicle insurance companies.

  6. Estimación de reservas en una compañía aseguradora. Una aplicación en Excel del método Chain-Ladder y Bootstrap || Estimating the Reserves in Insurance Companies: An Excel Application of the Chain-Ladder Method and Bootstrap

    Directory of Open Access Journals (Sweden)

    Coll-Serrano, Vicente

    2012-01-01

    Full Text Available Las compañías aseguradoras deben calcular la cuantía de las reservas y la dotación de provisiones para hacer frente al pago de siniestros que o bien no han sido comunicados o bien no han sido cerrados. En este trabajo, se aplica el método Chain-Ladder para la estimación puntual de las reservas y, posteriormente, se recurre al bootstrap para obtener el error de muestreo y una estimación por intervalos. Dado que el cálculo de las reservas es un problema real al que se enfrentan las aseguradoras, su resolución es de gran interés para los estudiantes de Ciencias Actuariales. Para facilitar la comprensión y el seguimiento del proceso a desarrollar, los métodos Chain-Ladder y bootstrap se ejecutan paso a paso en una aplicación Excel diseñada ad hoc. || Insurance companies have to estimate reserves and provisions to cover the payment of either unreported claims or unsettled claims. In this paper, we apply the Chain-Ladder method to obtain a point estimate of reserves, and then we use the bootstrap technique to estimate the margin of error and the confidence interval of the reserves. Since estimating reserves is a real problem which insurance companies have to face, its solving has a special interest for students of Actuarial Sciences. To ease the understanding and monitoring the process, the Chain-Ladder method and bootstrap is run step by step by using an Excel application designed for that purpose.

  7. Health-insurance products and plan options.

    Science.gov (United States)

    Youkstetter, W D

    1990-10-01

    Trends in health insurance are discussed, with emphasis on insurers' efforts to offer an array of cost-effective plans tailored to the needs of employers and subscribers. Health-insurance companies, responding to employers' demands to curtail the rising costs of premiums, now offer a variety of insurance products. While indemnity plans, health maintenance organizations (HMOs), and preferred-provider organizations (PPOs) remain as the three basic types of plans, insurers are combining these elements in different ways, creating dual- and triple-option plans that consist of indemnity insurance and an HMO, a PPO and an HMO, or other variations. Insurers offering multiple options may effect internal cost savings through shared personnel and administrative expenses. Four factors influence the development and marketing of insurance products: cost and volume of healthcare services, adverse selection, competition, and the profit incentive. Many of the insurance products have been developed in response to requests for maximum freedom of choice of provider; as an example, the fastest-growing HMO product in 1989 was the point-of-service HMO, which allows the subscriber to seek care from a provider who is not part of the HMO network. PPOs and exclusive-provider organizations (EPOs) are growing; these are often organized by hospitals or physician networks. Among the new trends in product-line development are "riders" for specialty services such as vision care and prescription drugs. As competition intensifies, marketing efforts are focusing on previously overlooked groups such as the small employer and certain ethnic communities. Cost and freedom of choice will remain important criteria in the selection of insurance products.(ABSTRACT TRUNCATED AT 250 WORDS)

  8. Multi-stage methodology to detect health insurance claim fraud.

    Science.gov (United States)

    Johnson, Marina Evrim; Nagarur, Nagen

    2016-09-01

    Healthcare costs in the US, as well as in other countries, increase rapidly due to demographic, economic, social, and legal changes. This increase in healthcare costs impacts both government and private health insurance systems. Fraudulent behaviors of healthcare providers and patients have become a serious burden to insurance systems by bringing unnecessary costs. Insurance companies thus develop methods to identify fraud. This paper proposes a new multistage methodology for insurance companies to detect fraud committed by providers and patients. The first three stages aim at detecting abnormalities among providers, services, and claim amounts. Stage four then integrates the information obtained in the previous three stages into an overall risk measure. Subsequently, a decision tree based method in stage five computes risk threshold values. The final decision stating whether the claim is fraudulent is made by comparing the risk value obtained in stage four with the risk threshold value from stage five. The research methodology performs well on real-world insurance data.

  9. [TCM/aciipuncture therapy and medical insurance support in Switzerland].

    Science.gov (United States)

    Tian, Kaiyu; Yuan, Lisa

    2015-08-01

    Based on the expeienes in th acdemic exchanges in Switzerland and relevant data, the development of TCM/acupuncture in Switzerland, Swiss medical insurance system and the acceptance to TCM/acupuncture were introduced in the paper. The case analysis was applied to explain the reimbursement, proportion and additional conditions of Obligatory Basic Insurance and Supplementary Alternative Insurance on TCM/acupuncture; Additionally, in the paper, the certification and registration from EMR, ASCA and NVS for the TCM physician were introduced, which is required to the recognition by insurance companies. All of these provide the guarantee for the positive development of TCM/acupuncture in Switzerland.

  10. A práxis jurídica brasileira: soluções alternativas em conflitos entre consumidores e os planos de saúde / Brazilian legal praxis: alternative resolution in conflicts between consumers and health insurance companies

    Directory of Open Access Journals (Sweden)

    Cristina Lobato

    2010-12-01

    Full Text Available Resumo Este artigo tem como objetivo descrever as práticas extrajudiciais desenvolvidas pelos advogados que atuam no campo dos Planos de Saúde e na Defesa do Consumidor. Isto porque, os meios alternativos de solução de conflitos configuram práticas não adversariais inseridas numa cultura diferenciada de pacificação social, através de tentativas cooperativas entre as partes através do diálogo. Palavras–chave: Advocacia. Plano de Saúde. Consumidor. Direito à Saúde. Práticas Extrajudiciais.   Abstract This article aims to describe the extrajudicial practices performed by lawyers who work under the Health Insurance and Consumer Protection. This is because, the alternative ways of solution of conflicts configure non-adversarial practical inserted in a differentiated culture of social pacification, through cooperative efforts among the parties through dialogue. Keywords: Advocacy. Health Insurance. Consumer. Right to Health. Extrajudicial Practices.  

  11. Adiaspiromicose pulmonar humana Human pulmonary adiaspiromycosis

    Directory of Open Access Journals (Sweden)

    Lina Gomes dos Santos

    2009-08-01

    Full Text Available A adiaspiromicose é uma doença fúngica sistêmica que acomete usualmente roedores e raramente atinge o homem. É causada pelo fungo Emmonsia crescens e ocorre após a inalação da forma contagiante (conídios. Embora estas formas não se multipliquem nem se disseminem no organismo humano, induzem uma reação inflamatória crônica granulomatosa de padrão miliar que pode levar a falência respiratória e morte. Apresentamos aqui um caso de adiaspiromicose pulmonar humana em paciente imunocompetente que exibia infiltrado intersticial pulmonar difuso ao exame de imagem e fora diagnosticado mediante biópsia pulmonar.Adiaspiromycosis is a systemic fungal disease that usually affects rodents and rarely infects humans. It is caused by the fungus Emmonsia crescens and occurs after inhalation of its contagious form (conidia. Although these forms neither multiply nor spread in the human body, they cause a chronic granulomatous inflammatory reaction of miliary pattern, which may lead to respiratory failure and death. In this study we present a case of human pulmonary adiaspiromycosis in an immunocompetent patient that showed a diffuse pulmonary interstitial infiltrate diagnosed by pulmonary biopsy.

  12. DE NUEVO SOBRE LA DIGNIDAD HUMANA

    Directory of Open Access Journals (Sweden)

    Antonio-Carlos Pereira-Menaut

    2014-01-01

    Full Text Available De la Segunda Guerra Mundial en adelante, la dignidad humana es recogida en muchas constituciones, declaraciones de derechos y tratados internacionales. Esto no significa que sea un concepto nuevo, pues su significado puede rastrearse sin dificultad en la tradición judeo-cristiana y, mucho más tarde, en la influyente comprensión kantiana; y tampoco significa que no haya tenido relación con el Derecho antes de 1945. Por otro lado, las nuevas tendencias filosóficas y antropológicas así como la politización del hombre, junto con los avances de la técnica, explican su presencia cada vez mayor en el Derecho. Sin embargo, la inclusión de la dignidad en los textos jurídicos no es capaz de agotar su significado —ni aunque los textos sean los constitucionales—, y el hecho de que los jueces la aleguen no significa que la empleen realmente como criterio para su decisión, como puede verse al estudiar algunas sentencias relevantes.

  13. The Reallocation of Compensation in Response to Health Insurance Premium Increases

    OpenAIRE

    Goldman, Dana P.; Neeraj Sood; Arleen Leibowitz

    2003-01-01

    This paper examines how compensation packages change when health insurance premiums rise. We use data on employee choices within a single large firm with a flexible benefits plan; an increasingly common arrangement among medium and large firms. In these companies, employees explicitly choose how to allocate compensation between cash and various benefits such as retirement, medical insurance, life insurance, and dental benefits. We find that a $1 increase in the price of health insurance leads...

  14. Forest insurance market participants’ game behavior in China: an analysis based on tripartite dynamic game model

    OpenAIRE

    Ning Ma; Yang Zuo; Kaili Liu; Yue Qi

    2015-01-01

    Purpose: In forest insurance market, there are three main participants including the insurance company, the forest farmer and the government. As different participant has different benefit object, there will be a complex and dynamic game relationship among all participants. The purpose of this paper is to make the game relationship among all participants in forest insurance market clear, and then to put forward some policy suggestions on the implementation of forest insurance from the view of...

  15. THE EVOLUTION OF THE INSURANCE MARKET IN THE REPUBLIC OF MOLDOVA IN TERMS OF CONCENTRATION INDEXES

    Directory of Open Access Journals (Sweden)

    Şeptelici Viorica

    2012-03-01

    Full Text Available The evolution of the insurance market in the Republic of Moldova during the first semester of 2011 was characterized by modest trends as regard the key indicators of the sector. Twenty four insurance companies and 68 insurance/reinsurance brokers operated during this period. Accordingly, competitive players are present on this segment, while the appearance of new players will boost the development of the insurance sector in the future.

  16. FEATURES OF ACCOUNTING AND AUDIT OF INSURANCE ORGANIZATIONS IN UKRAINE

    Directory of Open Access Journals (Sweden)

    А. Sholoiko

    2015-04-01

    Full Text Available Features of accounting and audit of insurance organizations in Ukraine that are based on the specific characteristics of the insurance activity and legislation are considered. The main of them are the next: the proper organization of accounting is a necessary condition of the activity of the financial institution; there are three groups of requirements to accounting of insurer, including: accounting of contracts; accounting of insurance reserves, formation financial reports in the Ukrainian insurance legislation; the use of IFRS instead of national accounting standards in preparing financial reports of insurance organizations in Ukraine is obligatory and despite of this compilation of primary documents and application of National Chart of Accounts by insurance organizations of Ukraine remains mandatory; it is necessary to follow the frequency of reporting according to national legislation; insurance companies are classified as institutions that must necessarily publish annual financial statements together with the auditor’s report about its accuracy, and this category of institutions are prohibited from using such form of organization of accounting and reporting as directly by the owner or the head of organization; audit of the annual financial statements and consolidated financial statements of insurance companies is mandatory and conducted in accordance with International quality control, auditing, review, other assurance, and related services pronouncements which adopted as national auditing standards by the Audit Chamber of Ukraine. These generalizations are done to make possible the further investigations of developing and improving in this field.

  17. Insurances in the petroleum industry; Seguros na industria do petroleo

    Energy Technology Data Exchange (ETDEWEB)

    Lima, Juliana S.F. [IRB-Brasil Resseguros, Rio de Janeiro, RJ (Brazil)

    2004-07-01

    This work shows an overview, focused mainly Brazil, of the insurance branch that deals with the upstream activities. The oil industry represents a substantial exposition for insurance international market because of the catastrophic nature of its risks, that entails a capacity dependency. The most of Insurance split into several insurers and reinsurer and are distributed into several markets and several regions of the world. The oil and gas branch of insurance covers: physical damage to equipment (platforms, vessels, drill ship etc), build, operation and liability in consequence of claims. The contract of insurance is complex because it is specific and demands much negotiation of rates and conditions. Moreover it is needed to find reliable insurers which want to accept the risk. There are alternatives to insurance market created by oil companies such as Captive and Mutual companies. The insurance international market built a complex and customized structure in order to be able to offer coverage to upstream risks and to participate in the amounts related to oil and gas production. (author)

  18. THE FEATURES OF RISK ASSESSMENT AT THE CONCLUSION OF THE INDIVIDUAL PROPERTY INSURANCE POLICIES

    Directory of Open Access Journals (Sweden)

    T. Kryvoshlyk

    2014-03-01

    Full Text Available The article reveals the essence of risk assessment in contracting individual insurance as well as its place in underwriting business of the insurance company. It is stated that the mechanism of assessment in contracting certain individual property insurance is to include the following stages; identification of risks, selection of risks and quantitative risk assessment. At the stage of identifying risk in contracting individual property insurance it is suggested the following steps; identification of insurance objects and disclosure of all circumstances involving risk that are relevant to these objects and which will be considered in determining payment for insurance.

  19. Main Determinants of Supplementary Health Insurance Demand: (Case of Iran)

    Science.gov (United States)

    Motlagh, Soraya Nouraei; Gorji, Hassan Abolghasem; Mahdavi, Ghadir; Ghaderi, Hossein

    2015-01-01

    financial ability to pay. Moreover, insurance companies should adjust their insurance policy according to clients’ needs, household characteristics, and their incomes. PMID:26153181

  20. The effectiveness of the direct response advertising. The case of an automobile insurance company; Eficacia de la publicidad de respuesta directa. El caso de una compania de seguros para la automocion

    Energy Technology Data Exchange (ETDEWEB)

    Garcia Guardia, M. L.; Garcia Garcia, F.; Nunez Gomez, P.

    2012-07-01

    Although there are many advertising effectiveness research and the existence of several variables that affect its measurement, we cannot find enough research about specific cases over direct marketing and its relationship with efficacy. Actually, there are a large number of advertising direct response in commercial media, related with the development and implementation of interactive tools that allows us to measure the results between the request of information by consumers and the sale of product. This research aims to measure the effectiveness of advertising in relation to the direct response in a particular case: the automobile insurance industry. The campaign that has been analyzed consisted in a set of direct response commercials for television programmed in general channels broadcasts in Spanish territory. Key words: Effectiveness, direct response, return of investment. (Author)

  1. Insurance Companies’ Solvency Management within de Framework of Logistic Capital Management Theory

    Directory of Open Access Journals (Sweden)

    Edita JURKONYTE

    2011-06-01

    Full Text Available Various models of economic growth, addressing the growth trends of country's economy, production, population and other structural objects are focused on the mathematical description of growth rates, taking into account the initial state of the object. One of the solutions to the capital growth rate assessment problem is offered by logistic capital management theory, which is based on the assumption that under the real circumstances the capital usually cannot grow at the same pace for a long time. The article presents an insurance companies’ logistical solvency management model, prepared in accordance with provisions of the logistic capital management theory adjusted in the field of insurance. This model is structurally divided into three main elements: (a the insurance company's solvency assessment, (2 logistical capital management decisions (3 provisions of the Solvency II project. Logistical insurance companies’ solvency management model shows capital management solutions’ implementation capabilities in the insurance sector, focusing on insurance solvency assessment. This model allows to determine the insurance company’s solvency in respect to the portfolio of an individual client, insurance type and all company, compared the estimated need for insurance benefits (discounted at the current value with the factual capacity of the insurance company, i.e. available resources to ensure solvency. Also, this model allows planning the insurance activity by making insurance pricing, depending on the projected benefits and fees’ characteristics.

  2. Captive insurance: is it the right choice for your insurance exposures?

    Science.gov (United States)

    Frese, Richard C

    2015-12-01

    Potential benefits of a captive insurance company include: Broader coverage Improved cash flow and stability. Direct access to reinsurance markets. Tax advantages. Better handling and control of risk management and claims. Potential drawbacks and challenges include: Startup capitalization. Underwriting losses. Administration and commitment.

  3. Romanian Insurance Market Facing Globalization Process

    Directory of Open Access Journals (Sweden)

    Dumitru G. Badea

    2008-09-01

    Full Text Available The Romanian insurance market has passed through a permanent process of growth which ended up in 2004 to exceed the threshold of 1 billion Euros, in the frame of a small awareness and confidence of the population towards insurance, even now after 15 years. The globalization process of the financial markets affected also the Romanian market even before Romania became member of the European Union. The globalization brought about benefits (especially under the form of increase in the quality of the services provided to clients but also disadvantages for local companies (significant costs in logistics and training in order to cope with the international groups.

  4. Lo público y lo privado: las aseguradoras y la atención médica en Mexico Public and private: insurance companies and medical care in Mexico

    Directory of Open Access Journals (Sweden)

    Silvia Tamez

    1995-12-01

    cuanto a los ramos de seguros encontramos que el rubro enfermedades y accidentes pasó de representar el 8.84% en 1984 a 19.08% en 1991. Esta situación expresa que el proceso de privatización de la atención médica en México tiene como uno de sus principales componentes la industria aseguradora, lo que se manifiesta a través del apoyo que el Estado ha brindado a la expansión de los grandes complejos médico industriales del país. Esto, ubicado en un contexto de continuidad del. modelo neoliberal, conducirá a una profundización de la inequidad y la desigualdad social en México.During the late 70's and early 80's in Mexico, as in the rest of Latin-America, sanitary policies were directed to support the growth of the private sector of health care at the expense of the public sector. This work analyzes the evolution of the health insurance market as a part of the privatization process of health care. The analysis based on economic data, provides the political profile behind the privatization process as well as the changes in the relations between the State and the health sector. The central hypothesis is that the State promotes and supports the growth of the private market of medical care via a series of legal, fiscal and market procedures. It also discusses the State roll in the legal changes related to the national insurance activity. A comparative analysis is made about the evolution of the insurance industry in Argentina, Brazil, Chile and Mexico during the period 1986-1992, with a particular enfasis in the last country. One of the principal results is that the Premium/GNP and Premium/per capita, display a general growth in the 4 countries. This growth is faster for Mexico for each one because the privatization process ocurred only during the most recent years. For the 1984-1991 period in Mexico the direct premium as percentage of the GNP raised from 0.86% to 1.32%. If one focussed only in the insurance for health and accidents branches the rice goes form 8

  5. Company analysis

    DEFF Research Database (Denmark)

    Jenster, Per V.; Hussey, David

    This volume looks at the company appraisal as a whole, examining the continuing need to appraise companies as part of the continuing strategy process. Building from a sound basis of theory, the text aims to be practical and to give guidance to senior managers and others involved in the strategy...... process. It is thus a book primarily aimed at managers, but should also be useful for MBA students undertaking strategy assignments It provides helpful, practical guidance and identifies weaknesses of traditional methods. It also presents a variety of tools which may be used in the appraisal process...

  6. Evaluation of the harmonization process of the Czech insurance market with the single insurance market of the EU

    Directory of Open Access Journals (Sweden)

    Viktória Čejková

    2004-01-01

    Full Text Available For the Czech insurance industry, it has been 13 years since the passage of the Insurance Act in 1991, which did away with the monopoly and allowed competition in this business sector. In our evaluation, we can state that the positives outweigh the negatives. A relatively high pace of growth in total premiums written was achieved and the ratio of premiums written to GDP increased, up to 4,0% in 2002. In comparison with EU countries, the Czech insurance market is behind in 2 global indicators: the ratio of premiums written to GDP and the share of life insurance in total premiums written. The Czech insurance market must count on greater competition from foreign insurance companies, as the Czech Republic was May 1, 2004, accepted as a member of the European Union.

  7. Understanding health insurance plans

    Science.gov (United States)

    ... page: //medlineplus.gov/ency/patientinstructions/000879.htm Understanding health insurance plans To use the sharing features on this ... plan for you and your family. Types of Health Insurance Plans Depending on how you get your health ...

  8. COMPARATIVE CHARACTERISTICS OF INSURANCE OF CIVIL LIABILITY OF MOTOR VEHICLES IN FOREIGN COUNTRIES

    Directory of Open Access Journals (Sweden)

    M. Malik

    2015-08-01

    Full Text Available The article outlines the main trends of compulsory insurance of civil liability in Ukraine and abroad. There were major problems allocation and market law. Highlighting the main trends and vectors of insurance of civil liability of vehicles. Consider the possible prospects of development and the comparative characteristics of insurance of civil liability of owners of vehicles in Ukraine and abroad. The influence of state supervision in terms of law and supervision of insurance companies in the form of civil legal insurance. Described problems insurance of civil liability of today. Compulsory insurance of civil liability of owners of vehicles, which aims to protect the property interests of citizens and legal persons in case of adverse effects is important for society. In the study of the mandatory insurance of civil liability of attention paid to the compulsory insurance of civil liability of owners of vehicles.

  9. Insurance Sector Risk

    NARCIS (Netherlands)

    J.F. Slijkerman

    2006-01-01

    textabstractWe model and measure simultaneous large losses of the market value of insurers to understand the impact of shocks on the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since reinsurance is important for the capacity of ins

  10. EVOLUTION OF INSURANCE DEFINITION

    Directory of Open Access Journals (Sweden)

    V. A. Gorb

    2011-03-01

    Full Text Available In the article the evolution of the concept of insurance from the earliest forms to contemporary ones is shown. The development of insurance in Ukraine is demonstrated. A review of transformation of the insurance concept is presented in tabular form.

  11. Company profile

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ Datacon was founded in 1986 and, since the beginning of 2005, has been part of the Dutch Besi group (BE Semiconductor Industries N.V.), an international group of companies operating in the semiconductor industry. Besi is a leading manufacturer of semiconductor die sorting, die bonding, packaging and plating equipment and provides the most cost efficient solution for RFID inlay production.

  12. 32 CFR Appendix B to Part 50 - Overseas Life Insurance Registration Program

    Science.gov (United States)

    2010-07-01

    ... the laws of the State where the company's headquarters are located. d. A statement that the company... license. 2. General agents and agents may represent only one registered commercial insurance company. This..., MILITARY AND CIVILIAN PERSONAL COMMERCIAL SOLICITATION ON DOD INSTALLATIONS Pt. 50, App. B Appendix B to...

  13. Researches on Agricultural Cooperative Economic Organization Promoting Agricultural Insurance Development

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The advantages of cooperative economic organization being the effective carrier of agricultural insurance development are analyzed. Firstly, cooperative economic organization promotes scale management and solves the problem of decentralized operation of small households. Secondly, cooperative economic organization can settle the problem of peasants’ low systematization. Thirdly, cooperative economic organization can largely reduce the costs of agricultural insurance operation. Fourthly, cooperative organization decreases moral risks as well as adverse selection to some extent. Lastly, cooperative organization, to a certain degree, reduces the risks of agricultural production and increases the insurability of agricultural risks. Meanwhile, limitations of agricultural cooperative economic organization being the carrier of agricultural insurance operation are pointed out. Firstly, cooperative economic organization has limited coverage and small size of organization, which is harmful to the diversification of agricultural risks. Secondly, cooperative economic organization lacks capital funds and its development is not standard, which is not perfect for the function exertion as a carrier. Lastly, members of professional cooperative organization have low cultural qualities, which restrict the implementation of agricultural insurance. The modes of farmers’ cooperative economic organization promoting agricultural insurance development are proposed, including mode of agricultural insurance cooperative ( mutual corporation), mode of "leading enterprises (companies) + professional cooperative organization (planting majors) + insurance" and mode of professional cooperatives serving as agricultural insurance agent. Last of all, the promoting role of agricultural insurance in agricultural cooperative economic organization is briefly illustrated.

  14. Teoria organizacional para la gerencia humana como factor de desarrollo a escala humana

    Directory of Open Access Journals (Sweden)

    Gregoria Polo de Lobatón

    2014-01-01

    Full Text Available Hoy, se debate en los países subdesarrollados y hasta en desarrollo caso América Latina el estancamiento económico rodeado de un mar de pobreza y exclusión social, en contrario, los paísesdesarrollados a partir de la crisis de 1929 muestran su crecimiento a partir de modelos de desarrollo económico como sustento teórico del pensamiento administrativo captado para las prácticas gerenciales; resultó útil identificar los aportes de la teoría del desarrollo como fundamentación de las teorías organizacionales y su incidencia en las prácticas gerenciales como factor de desarrollo. Metodológicamente la investigación se orientó en el enfoque cualitativo para el análisis fenomenológico de los datos encontrados en revisiones documentales. Los resultados determinaron que las prácticas gerenciales se fundamentan en teorías organizacionales clásicas y contemporáneas centradas en principios de eficiencia y productividad. A partir de las teorías contemporáneas un dinamismo con enfoques sociales y ambientales, su fundamento la escuela humana con los pensadores: Weber, Elton Mayo, reformistas y otros pensadores, que tenidas en cuenta para las prácticas gerenciales centradas en la suficiencia manifiestan interés por el acercamiento al desarrollo a escala humana.Palabras clave: Teorías organizacionales; paradigma de Gerencia Humana; Desarrollo a escala humana.Organizational theory for human management as a development factor to human scale AbstractToday, there are discussions in underdeveloped countries and even in developing ones, Latin American case, the economic halt surrounded by a sea of poverty and social exclusion, in contrast, developed countries starting from the crisis of 1929 show their growth from economic development models as a theoretical backup of the management thinking captured for management practices; proved useful to identify the contributions of development theory as the foundation of organizational theories and

  15. TRANSEXUALIDADE E DIGNIDADE DA PESSOA HUMANA

    Directory of Open Access Journals (Sweden)

    Edwirges Elaine Rodrigues

    2015-10-01

    Full Text Available Este artigo resume-se a uma investigação sobre a transsexualidade ou disforia de gênero, em que o indivíduo não se identifica com o sexo que lhe foi imposto, mas sim, com o  gênero oposto ao seu. Os indivíduos transexuais enfrentam inúmeros preconceitos e dificuldades ao longo de suas vidas, podendo-se afirmar que para alcançar sua completude, o transexual necessita reconhecer-se como titular do sexo oposto em todos os sentidos, médico (adequação do sexo biológico ao sexo psicológico, social (inclusão social deste indivíduo, para que seja aceito pela sociedade e jurídico (perante a lei. No Brasil, não existe legislação específica a respeito da transsexualidade, assim, a regulamentação da cirurgia de transgenitalização é responsabilidade do Conselho Federal de Medicina, e após o árduo procedimento de transgenitalização, o transexual poderá obter a retificação do seu nome e sexo no registro civil, através de requerimento judicial. De maneira inovadora, alguns Tribunais, de acordo com o princípio da dignidade humana, têm concedido tais modificações antes mesmo da cirurgia de redesignação sexual, entretanto, este entendimento não está pacificado, o que acarreta grande injustiça e sofrimento a estas pessoas. Assim, busca-se demonstrar de maneira cristalina, a necessidade de legislação específica,  a fim de facilitar o acesso dos transexuais, tanto à cirurgia de transgenitalização, quanto às retificações de nome e sexo no assento civil. 

  16. Hidatidosis humana en el Perú

    Directory of Open Access Journals (Sweden)

    Luis Guerra Montero

    2015-06-01

    Full Text Available El objetivo de este trabajo ha sido conocer el estado de la hidatidosis humana, por la gran incidencia que presenta en nuestro país, principalmente en la región central andina. La recopilación de datos fue a partir de la revisión de fuentes primarias sobre epidemiología, el ciclo vital del parásito y del manejo del paciente afecto de Hidatidosis. Algunos hallazgos permiten afirmar que la hidatidosis es una enfermedad producida por el estado larval del cestodo Echinococcus del género Granulosus, de alta prevalencia en nuestro país y más en la región central andina, esto se debe principalmente a la costumbre de convivir con perros y ganado ovino así como también a la falta de educación y concientización de la población. Los estudios serológicos como Elisa IgG y Wester Blot por su mayor sensibilidad y especificidad son las pruebas de primera línea para confirmar el diagnóstico. Dependiendo del tamaño, las características del quiste hidatídico y su localización se decide el tratamiento. La hidatidosis es una enfermedad producida por el cestodo Echinococcus Granulosus de alta prevalencia en el Perú y más aún en la región central andina (Cerro de Pasco, Junín, Huancavelica, tiene un lento crecimiento dentro de los órganos humanos pudiendo ser asintomáticos hasta la edad adulta, los órganos más afectados son el hígado y el pulmón donde son diagnosticados por sus antecedentes epidemiológicos, clínica sugestiva (dolor abdominal, vómica estudios de imagen principalmente ecografía abdominal, radiografía de tórax y exámenes de laboratorio como el Elisa IgG y Wester Blot.

  17. Applications of Decisions under Uncertainty in the Case of Omniasig-Life Insurance S.A.

    Directory of Open Access Journals (Sweden)

    Stelian STANCU

    2006-01-01

    Full Text Available Uncertainty is given because we don’t know the nature state event. The company can only estimate the demand of policies in order to estimate the received premiums. If the insurance company doesn’t choose correctly the alternative and the number and the damages will be greater then what it was estimated, then it will come to the point of not being able to pay all the damages. Because of the adverse selection, the insurer meets uncertainty in every day life. It is well known the fact that persons who have a higher risk of producing the insured event, they also have a higher inclination towards contracting insurance.

  18. 26 CFR 1.818-4 - Election with respect to life insurance reserves computed on preliminary term basis.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Election with respect to life insurance reserves... Election with respect to life insurance reserves computed on preliminary term basis. (a) In general. Section 818(c) permits a life insurance company issuing contracts with respect to which the life...

  19. 针对保险核保和理赔岗位的新员工培训需求分析%Training Needs Assessment Based on Competency for Underwriting and Claims New Staff in Insurance Company

    Institute of Scientific and Technical Information of China (English)

    海佳; 王二平

    2011-01-01

    This paper founds out the training needs for new staff of underwriting and claims can improve new staff's capabilities based on the analysis of competency of these two key tasks/procedures of insurance industry operation. In research 1, it codes the key contents of competencies for underwriting and claims based on the records of interview to senior experts of underwriting and claims with critical incident technique. In research 2, both experienced and fresh staffs from underwriting and claims sequence all competencies in the questionnaire. By comparing the difference between importance competencies sequences by senior and new staffs, it concludes the training needs for fresh staff.%通过对核保和理赔的胜任力特征分析,试图找出能够帮助新员工快速提升其核保和理赔胜任力的培训需求内容.研究1运用关键事件法访谈核保和理赔岗位资深专家,并编码访谈结果,总结出各岗位的胜任力特征.研究2由核保和理赔岗位新员工和老员工(专家)填写胜任力特征调查表,用评价一致性系数对比新老员工对每一项胜任力特征重要性的排序差异,找出专家认为重要而新员工没有重视的特征,得出新员工培训需求.

  20. Optimal reinsurance/investment problems for general insurance models

    CERN Document Server

    Liu, Yuping; 10.1214/08-AAP582

    2009-01-01

    In this paper the utility optimization problem for a general insurance model is studied. The reserve process of the insurance company is described by a stochastic differential equation driven by a Brownian motion and a Poisson random measure, representing the randomness from the financial market and the insurance claims, respectively. The random safety loading and stochastic interest rates are allowed in the model so that the reserve process is non-Markovian in general. The insurance company can manage the reserves through both portfolios of the investment and a reinsurance policy to optimize a certain utility function, defined in a generic way. The main feature of the problem lies in the intrinsic constraint on the part of reinsurance policy, which is only proportional to the claim-size instead of the current level of reserve, and hence it is quite different from the optimal investment/consumption problem with constraints in finance. Necessary and sufficient conditions for both well posedness and solvability...

  1. DIGNIDAD HUMANA, DIVERSIDAD CULTURAL Y CALIDAD DE VIDA

    OpenAIRE

    Édgar Antonio López López

    2009-01-01

    En este artículo, se propone la calidad de vida como una expresión concreta de la dignidad humana que permite superar el relativismo en la discusión bioética sobre la diversidad cultural y los límites de una concepción universalista de los derechos humanos. Después de hacer referencia al proceso mediante el cual las nociones cristianas de dignidad humana y de derecho natural fueron secularizadas, se hace examen de la conservadora crítica culturalista de Lee Kwan yew y de la crítica comunitari...

  2. Supplemental health insurance: did Croatia miss an opportunity?

    Science.gov (United States)

    Langenbrunner, John C

    2002-08-01

    Croatia continues to face a health-funding crisis. A recent supplemental health insurance law increases revenues through first increasing co-payments, then raising the payroll tax to cover those co-payments. This public finance "slight-of-hand" will not solve the system's structural issues and may worsen system performance both in terms of efficiency and equity. Should Croatia have considered private supplemental insurance as an alternative? There is a new single private supplemental health insurance market now evolving over the EU countries and into Eastern Europe. Croatians could take advantage of lowered costs due to larger risk pooling and the lower administrative overhead of mature insurance organizations. Private supplemental insurance, when designed well, can address several objectives, including a) increased revenues into the health sector; b) removal of the public burden of coverage of selected services for certain population groups; and c) encourage new management and organizational innovations into the sector. Private and multiple company insurance markets are thought to be superior in terms of consumer responsiveness; choice of benefits; adoption of new, more expensive technology; and use of private sector providers. Private sector insurers may also encourage "spillover" effects encouraging reforms with public sector insurance performance. There is already an emerging private insurance market in Croatia, but can it be expanded and properly regulated? The private insurance companies might capture as much as 30-70% of the market for certain services, such as high cost procedures, preferred providers, and hotel amenities. But the Government will need to strengthen the regulatory framework for private insurance and assure that there is adequate regulatory capacity.

  3. Reductions for Entrepreneurs in Health Insurance Contributions

    Directory of Open Access Journals (Sweden)

    Paweł Lenio

    2014-09-01

    Full Text Available This paper describes the reductions for entrepreneurs in health insurance contributions. Only entrepreneurs from specific social groups can take advantage of said reductions. They apply only to people retired, on pensions or handicapped. The reductions are also dependent on the potential recipient's income and revenue of the company. Handicapped entrepreneurs can benefit from some additional privileges as well. Author analyzes the legal regulations behind these reductions and exposes their shortcomings which cause the benefits to be rarely used.

  4. Reductions for Entrepreneurs in Health Insurance Contributions

    OpenAIRE

    Paweł Lenio

    2014-01-01

    This paper describes the reductions for entrepreneurs in health insurance contributions. Only entrepreneurs from specific social groups can take advantage of said reductions. They apply only to people retired, on pensions or handicapped. The reductions are also dependent on the potential recipient's income and revenue of the company. Handicapped entrepreneurs can benefit from some additional privileges as well. Author analyzes the legal regulations behind these reductions and exposes their sh...

  5. Efficiency concept and investigations in insurance industry: A survey

    Directory of Open Access Journals (Sweden)

    Bilel Jarraya

    2013-01-01

    Full Text Available Most recent studies are based on benchmarking analysis allowing the measure of company efficiency relatively to a reference performance. Benchmarking is a helpful tool to analyze and promote efficiency in insurance companies. The fast development of X-efficiency notion makes traditional performance measures (ROA, ROE, etc. obsolete. Indeed, various methods have been used, various input-output measures have been proposed and various research fields have been explored in insurance company investigation. So, after reviewing most known efficiency concepts and their definitions, this section explores the literature review of two principal points of discussion: the first point is focused on the different used techniques to measure efficiency, including the developed approaches to define inputs, outputs and their prices. The second point represents an overview of efficiency investigations in insurance industry.

  6. Waivers of insurance deductibles--charity or crime?

    Science.gov (United States)

    Barton, H M

    1990-03-01

    Many physicians occasionally waive insurance deductibles and copayments for their patients. Some do it routinely and advertise the fact. Aetna Life Insurance Company in 1988 called this practice fraud, a position The National Health Care Anti-Fraud Association subsequently took (1). However, it is all too easy to apply that label without analyzing the facts. This article examines the practice of waiving copayments and deductibles, describes recent developments in the area, and offers some guidelines for physicians.

  7. The Case for Insurance Reimbursement of Couple Therapy.

    Science.gov (United States)

    Clawson, Robb E; Davis, Stephanie Y; Miller, Richard B; Webster, Tabitha N

    2017-08-22

    A case is made for why it may now be in the best interest of insurance companies to reimburse for marital therapy to treat marital distress. Relevant literature is reviewed with a considerable focus on the reasons that insurance companies would benefit from reimbursing marital therapy - the high costs of marital distress, the growing link between marital distress and a host of related physical and mental health problems, as well as the availability of empirically supported treatments for marital distress. This is followed by a focus on the major reasons insurance companies cite for not reimbursing marital therapy, along with a discussion of advances in several growing bodies of research to address these concerns. Main arguments include the direct medical offset costs of couple and family therapy (including for high utilizers of health insurance), and the fact that insurance companies already find it cost effective to reimburse for prevention of other health and psychological problems. This is followed by implications for practitioners and researchers. © 2017 American Association for Marriage and Family Therapy.

  8. SAFER - Company Snapshot - SAFER - Company Snapshot

    Data.gov (United States)

    Department of Transportation — The Company Snapshot is a concise electronic record of company identification, size, commodity information, and safety record, including the safety rating (if any),...

  9. Illusory Liberalism in "Atlas de Geografía Humana"

    Science.gov (United States)

    Ryan, Lorraine

    2014-01-01

    "Atlas de Geografía Humana" constitutes a critique of the much vaunted notion of a progressive Spain that has rectified the gender inequalities of the Francoist era, as one of the highly educated and successful protagonists, Fran, unwittingly adopts her mother's alignment with patriarchal norms. This novel elucidates the incompatibility…

  10. Fenomenología y esencia procesual humana

    OpenAIRE

    Fernández Beites, Pilar

    2008-01-01

    Esta ponencia ofrece el esbozo de una posible “ontología fenomenológica de la persona”. El punto de partida es la aceptación del reto existencialista que exige contar con el carácter procesual o dinámico de la vida humana. Pero lo que se defien

  11. Capital humano y capacidad humana Human capital and human capacity

    Directory of Open Access Journals (Sweden)

    Sen Amartya Kumar

    1998-12-01

    Full Text Available En este articulo se examinan las relaciones y diferencias entre el concepto de 'capital humano' y el concepto de 'capacidad humana'. El concepto de capital humano es mas limitado puesto que solo concibe las cualidades humanas en su relación con el crecimiento económico mientras que el concepto de capacidades da énfasis a la expansión de libertad humana para vivir el tipo de vida que la gente considera valedera. Cuando se adopta esa visión mas amplia, el proceso de desarrollo no puede verse simplemente como un incremento del PIB sino como la expansión de la capacidad humana para llevar una vida mas libre y mas digna.In this article the relationships and the differences between the concept of 'human capital' and the concept of 'human capability' are examined. The concept of human capital is more limited since it only conceives human qualities in relation to economic growth, whereas the concept of capabili ties puts emphasis on the expansion of human freedom to live the kind of life that people judge valuable. Whenthis broader vision is adopted, the process of development cannot be seen as simply an increase in the GNP, but rather as the expansion of the human capability to live a more free and worthy life.

  12. Engineering models for catastrophe risk and their application to insurance

    Science.gov (United States)

    Dong, Weimin

    2002-06-01

    Internationally earthquake insurance, like all other insurance (fire, auto), adopted actuarial approach in the past, which is, based on historical loss experience to determine insurance rate. Due to the fact that earthquake is a rare event with severe consequence, irrational determination of premium rate and lack of understanding scale of potential loss led to many insurance companies insolvent after Northridge earthquake in 1994. Along with recent advances in earth science, computer science and engineering, computerized loss estimation methodologies based on first principles have been developed to the point that losses from destructive earthquakes can be quantified with reasonable accuracy using scientific modeling techniques. This paper intends to introduce how engineering models can assist to quantify earthquake risk and how insurance industry can use this information to manage their risk in the United States and abroad.

  13. Analysis of the life insurance market in the Republic of Macedonia

    Directory of Open Access Journals (Sweden)

    Andreeski Cvetko

    2012-01-01

    Full Text Available Life insurance in the Republic of Macedonia has a short history, if we do not count the experience of ZOIL Makedonija before the independence of Republic of Macedonia. The recent history of life insurance covers the last seven years and the segment of life insurance comprises about 6% of the total insurance market in the Republic of Macedonia. In this paper we analyse the development of life insurance in the Republic of Macedonia in recent history, taking the gross premiums of two of the best companies that are working in the segment of life insurance. Besides analysing the influence of the basic determinants of the development of life insurance (GDP, monetary stability, social insurance, etc. we analyse the model of time series, with the purpose of making a model and forecasting future values of the series.

  14. A design of mathematical modelling for the mudharabah scheme in shariah insurance

    Science.gov (United States)

    Cahyandari, R.; Mayaningsih, D.; Sukono

    2017-01-01

    Indonesian Shariah Insurance Association (AASI) believes that 2014 is the year of Indonesian Shariah insurance, since its growth was above the conventional insurance. In December 2013, 43% growth was recorded for shariah insurance, while the conventional insurance was only hit 20%. This means that shariah insurance has tremendous potential to remain growing in the future. In addition, the growth can be predicted from the number of conventional insurance companies who open sharia division, along with the development of Islamic banking development which automatically demand the role of shariah insurance to protect assets and banking transactions. The development of shariah insurance should be accompanied by the development of premium fund management mechanism, in order to create innovation on shariah insurance products which beneficial for the society. The development of premium fund management model shows a positive progress through the emergence of Mudharabah, Wakala, Hybrid (Mudharabah-Wakala), and Wakala-Waqf. However, ‘model’ term that referred in this paper is regarded as an operational model in form of a scheme of management mechanism. Therefore, this paper will describe a mathematical modeling for premium fund management scheme, especially for Mudharabah concept. Mathematical modeling is required for an analysis process that can be used to predict risks that could be faced by a company in the future, so that the company could take a precautionary policy to minimize those risks.

  15. Environmental pollution liability insurance in China: in need of strong government backing.

    Science.gov (United States)

    Feng, Yan; Mol, Arthur P J; Lu, Yonglong; He, Guizhen; van Koppen, C S A

    2014-09-01

    Environmental pollution liability insurance was officially introduced in China only in 2006, as part of new market-based approaches for managing environmental risks. By 2012, trial applications of pollution insurance had been launched in 14 provinces and cities. More than ten insurance companies have entered the pollution insurance market with their own products and contracts. Companies in environmentally sensitive sectors and high-risk industries bought pollution insurance, and a few successful compensation cases have been reported. Still, pollution insurance faces a number of challenges in China. The absence of a national law weakens the legal basis of pollution insurance, and poor technical support stagnates further implementation. Moreover, current pollution insurance products have limited risk coverage, high premium rates, and low loss ratios, which make them fairly unattractive to polluters. Meanwhile, low awareness of environmental and social liabilities leads to limited demand for pollution insurance products by industrial companies. Hence, the pollution insurance market is not yet flourishing in China. To improve this situation, this economic instrument needs stronger backing by the Chinese state.

  16. Public Insurance and Equality

    DEFF Research Database (Denmark)

    Landes, Xavier; Néron, Pierre-Yves

    2015-01-01

    health and unemployment insurance and pensions) is explained and justified by the greater efficiency of the state, in comparison with markets, in addressing market failures such as moral hazard or adverse selection. Our argument is that while insurance, intrinsically and idealistically, may diverge from......Public insurance is commonly assimilated with redistributive tools mobilized by the welfare state in the pursuit of an egalitarian ideal. This view contains some truth, since the result of insurance, at a given moment, is the redistribution of resources from the lucky to unlucky. However, Joseph...... Heath (among other political theorists) considers that the principle of efficiency provides a better normative explanation and justification of public insurance than the egalitarian account. According to this view, the fact that the state is involved in the provision of specific insurance (primarily...

  17. Diabetes and insurance: a survey of patient experience.

    Science.gov (United States)

    Frier, B M; Sullivan, F M; Stewart, E J

    1984-07-01

    A survey of 186 diabetic patients examined their collective experience of life and motor insurance. Some form of life insurance policy had been obtained by 150 patients, with a combined total of 204 policies, 107 of which had been agreed before the diagnosis of diabetes. Most patients had declared diabetes to the insurer but 12 patients had been refused acceptance. Only 15 patients sought alternative quotations. The premium had been loaded by 10-40% for 36 patients because of diabetes, and 48 required a medical report. Of 147 diabetic drivers, 95 (65%) had declared diabetes either to the Licensing authority, or to the motor insurer, but only 62 (42%) had informed both. Fourteen patients had been refused motor insurance cover by individual companies, and 36 patients were aware of having had their premium increased, but only 16 patients had sought alternative quotations. Major differences in attitude with regard to diabetes as a risk factor for insurance are evident, and patients should be advised to approach several companies when seeking insurance cover.

  18. Condi(aÇão Humana e Liberdade

    Directory of Open Access Journals (Sweden)

    Joelma Lúcia Vieira Pires

    2015-12-01

    Full Text Available RESUMO:O objeto de estudo deste artigo é a condição humana. Qual a possibilidade de existência da condição humana fundamentada na liberdade? O objetivo é relacionar esfera pública, política, liberdade e condição humana. A elaboração teórica considerou obras de Etienne de La Boétie, Hannah Arendt, Cornelius Castoriadis, entre outros. Na atualidade, ocorre a supressão da condição humana, pois a esfera pública tem a ingerência da esfera privada, predominando a razão instrumental e a lógica do mercado, e o homem é afastado da vida política. Por isso, a nossa ação política pela liberdade é fundamental para a problematização do processo de banalização do mal e da servidão voluntária. A coragem é uma virtude indispensável à ação política, é necessária para nos libertarmos da dominação e do servilismo da vida privada e conquistarmos a vida política. A centralidade da ação política do homem é a sua condição de ser atuante para a reafirmação da esfera pública, do mundo da pluralidade, humano e comum. Todavia, a condição humana fundamentada na liberdade implica a superação da atividade e do pensamento pragmáticos e fragmentários da vida cotidiana e a constituição da praxis na dimensão humano-genérica consciente.

  19. THE ROLE OF RELATIONSHIP MARKETING ON INSURANCE MARKET DURING THE CRISIS PERIODS

    Directory of Open Access Journals (Sweden)

    Cristinel CONSTANTIN

    2009-01-01

    Full Text Available This paper is about a research regarding the implications of presenteconomic crisis on a market created to cover various risks that could affectboth individuals and companies. The main objective of the research was toestablish the coordinates of the insurance market at the EU countries level inorder to find solutions that insurance companies could use for avoiding thenegative impact of the crisis and to re-launch the local insurance market. Theoutcomes of our research have shown a low development of Romanianinsurance market, this one being among the lowest developed market in theEuropean Union. Taking into consideration the psychological impact of thecrashes recorded by the biggest worldwide insurers, the best solution forlocal companies is to use the tools of relationship marketing that coulddevelop the confidence of customers in insurance services.

  20. CIVIL LIABILITY OF DOCTORS AND THEIR INSURANCE (MALPRACTICE

    Directory of Open Access Journals (Sweden)

    Gârbo Viorica Irina

    2013-07-01

    Full Text Available Malpractice insurance of medical staff is probably the oldest professional liability insurance underwritten in the insurance market in Romania. The aim of our research is to theoretically examine in a qualitative inquiry the usefulness of insurance completion by the practitioners from the Romanian health system at both state and private, in order to improve a best practice medical insurance. The medical profession is practiced in Romania under the Code of Medical Ethics 30 March 2012 prepared in code that complies with international standards contained in the Geneva Declaration of 1948, as amended by the World Medical Association and the International Code of Medical Ethics. The forms of medical liability are: disciplinary, administrative, civil and criminal and only the civil liability can be taken into insurance because only it meets the conditions of insurability. Once we explain in general and the insurance liability in particular we show articles of the Romanian Civil Code which establishes the obligation the one that caused an injury to a third person for the repair or indemnify and conditions provided by the Civil Code as an act to be considered liability. Then we refer to situations where the patient may be damaged through the fault of the doctor or the doctor unit operates. The object of malpractice insurance is loss of money that the insured would have to pay a patient whom he caused injury as a result of acts or deeds of negligence committed to, during and in relation to professional activity. Risks taken in the insurance are personal injury, illness or death of the patient and / or moral damages. Regarding the excluded risks we have presented an overview of the more common contracts underwritten by Romanian insurance companies. We show the way of underwriting, the insured sums of the standard insurance and the additional one which subscribes moral damages, to companies in Romania agreed by bodies which organize and supervise the

  1. 20 CFR 703.101 - Types of companies which may be authorized by the OWCP.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Types of companies which may be authorized by... REGULATIONS Authorization of Insurance Carriers § 703.101 Types of companies which may be authorized by the... and Harbor Workers' Compensation Act and its extensions the application of any stock company,...

  2. 77 FR 21637 - Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies

    Science.gov (United States)

    2012-04-11

    ... were from specialty finance companies, and 10 were from law firms, advocacy groups, think tanks, and... behalf of financial guaranty insurers, captive finance companies, money market funds, and the Federal... Nonbank Financial Companies AGENCY: Financial Stability Oversight Council. ACTION: Final rule...

  3. Uninsured vs. insured population

    DEFF Research Database (Denmark)

    Andersen, Z. J.; Lin, Chyongchiou J; Chang, Chung-Chou H

    2003-01-01

    This study identified the underlying demographic and socioeconomic factors associated with insurance status among nonelderly Americans (age 19-64), as well as compared health care utilization between insured and uninsured. Data from the Community Tracking Study 1996-1997 Household Survey were...... analyzed. Approximately 74 percent of uninsured Americans are nonelderly Americans. Among the nonelderly Americans, about 17 percent are uninsured. Our findings show that insurance status varies significantly by region, age, race, gender, marital status, income, education, employment status, and health...... status. Also, the insured nonelderly Americans were found to have better access to health care than the uninsured nonelderly....

  4. Public Insurance and Equality

    DEFF Research Database (Denmark)

    Landes, Xavier; Néron, Pierre-Yves

    2015-01-01

    Public insurance is commonly assimilated with redistributive tools mobilized by the welfare state in the pursuit of an egalitarian ideal. This view contains some truth, since the result of insurance, at a given moment, is the redistribution of resources from the lucky to unlucky. However, Joseph...... Heath (among other political theorists) considers that the principle of efficiency provides a better normative explanation and justification of public insurance than the egalitarian account. According to this view, the fact that the state is involved in the provision of specific insurance (primarily...

  5. Insurance for wind energy : working with insurers

    Energy Technology Data Exchange (ETDEWEB)

    Beswick, S. [Marsh Canada Ltd., Toronto, ON (Canada). Power and Utilities Practice Group

    2005-07-01

    This presentation described Marsh Canada Ltd.'s role in the Canadian insurance marketplace, the cost of insurance, working with the domestic market and specialty services for the wind power industry. Marsh Canada works with 13 industry groups and recognizes the Canadian marketplace's strong interest in wind energy. Marsh Canada's product specialty input is in machinery breakdown, directors and officers, marine installations, risk consulting, professional liability, surety and construction. In addition to Marsh Canada, there are 8 other Canadian insurers of wind energy. An annual premium costs about $135,000 based on a total of 10 MW capacity and an insured value of $20 million. This premium also allows for business interruption. With expertise in power generation, transportation, and civil, electrical and mechanical engineering, Marsh Canada can offer the wind energy construction industry specialty services such as risk identification, analysis and control; insurance program design; contract review; claims tracking, management, administration and settlement; health and safety consultation; risk financing advice; and, credit enhancement solutions. The specialty services for wind energy property include cable damage; lightning strikes; gearboxes and lubrication; switch gear; substation transformers; earthquakes; icing; fire in transformers; malicious damage; environmental issues; and new technology. tabs., figs.

  6. [Quantum physics, medicine and insurance].

    Science.gov (United States)

    Lambeck, M

    2007-12-01

    Medicine based on natural sciences explains the action of remedies by the chemical bonding of the molecules of the remedy and of the body. This bonding takes place at distances of about 10(-10) m. Several insurance companies pay all medical treatments listed in the Hufeland catalogue of special therapeutical methods. Many of these methods contradict the mechanism mentioned above: Homoeopathy and anthroposophical medicine use substances in which the remedy is not present as matter. Bioenergetic methods like electroacupuncture according to Voll (EAV) and bioresonance use the remedies not inside the body but outside of it. They claim to substitute the chemical bonding of matter waves with the information of electromagnetic waves. The explanation given in the Hufeland catalogue by means of quantum physics is discussed and further investigations are proposed.

  7. THE PERSISTENCE OF INSURERS PROFITABILITY

    Directory of Open Access Journals (Sweden)

    Maja Pervan

    2013-02-01

    Full Text Available Most of the academic researches have analyzed the persistence of profit for the manufacturing and (non-financial services sector. These studies were mainly conducted in advance market economies. In order to shed some light on the issue of persistence in corporate rates of return, this research aims to examine the persistence of profitability of financial entities i.e. non-life insurance companies operating in an emerging market economy, Croatia. In order to determine persistence of insurers’ profitability, a Markov Chains stochastic process is applied on the profitability classes that were formulated based on the changes of insurers’ ROA (return on assets indicator during the period from 2002 to 2011. The empirical results showed that profit persistence was more likely to occur within moderate profit classes/states.

  8. Service advantage for fitters. Insurance of solar systems; Installateure gewinnen Servicevorteil. Versicherungen fuer Solaranlagen

    Energy Technology Data Exchange (ETDEWEB)

    Grunwald, Markus [EuPD Europressedienst, Bonn (Germany)

    2008-11-15

    Insurance companies are getting increasingly interested in solar energy. This may be a service advantage for solar fitters, enabling them to gain the customer's trust already during the first contact. (orig.)

  9. Scientific relevance of Swiss property insurance data on flood risks and losses

    Science.gov (United States)

    Röthlisberger, Veronika; Bernet, Daniel; Keiler, Margreth

    2015-04-01

    The databases of Swiss flood insurance companies build a valuable but to date rarely used source of information for flood risk research. Detailed insights into the Swiss flood insurance system are crucial to evaluate the potential of the different databases for scientific analysis. Even though the flood insurance system modalities are mainly regulated on cantonal level there are some common principles that apply throughout Switzerland. First of all coverage against floods (and other particular natural hazards) is an integral part of every fire insurance policy for buildings or contents in Switzerland. This coupling of insurance as well as the statutory obligation to insure buildings in most of the cantons and movables in some of the cantons lead to a very high penetration. Second, in case of damage, the reinstatement costs (value as new) are compensated and third there are no (or little) deductible and co-pay. Thus the different datasets of the flood insurance companies would allow a very comprehensive data analysis. Moreover, insurance companies not only store electronically data about losses (typically date, amount of claims payment, cause of damage, identity of the insured object or policyholder) but also about insured objects. For insured objects the (insured) value and the details on the policy and its holder are the main feature to record. On buildings the insurance companies usually computerize additional information such as location, volume, year of construction or purpose of use. For the 19 (of total 26) cantons with a cantonal monopoly insurer the data of these insurance establishments have the additional value to represent (almost) the entire building stock of the respective canton. However, scientists face a wide range of the opportunities and challenges when using insurance data for flood research. The origin of flood insurance data implies that they are not generated for research but for business management. The presentation will highlighted pro and

  10. A COMPARATIVE ANALYSIS BETWEEN UNIT-LINKED LIFE INSURANCE AND OTHER ALTERNATIVE INVESTMENTS

    Directory of Open Access Journals (Sweden)

    CRISTINA CIUMAS

    2015-07-01

    Full Text Available The unit-linked life insurance has two important components: protection and investment. The protection component refers to the insured sum in case of the occurrence of insured risks and the investment component refers to the policyholder’s account that represents the present value of the units from the chosen investment funds.These financial products invest most of the premium paid by the insured person in the funds managed by the insurance company or an external administrator and the lower part of the premium is intended to cover the insured risk (death, disability, etc. An important component of the activity carried out by the insurance companies is the investment of the premiums paid by policyholders in various types of assets, in order to obtain higher yields than those guaranteed by the insurance contracts, while providing the necessary liquidity for the payment of insurance claims in case of occurrence of the assumed risks. This research contributes to the existing literature regarding the study of investment alternatives, with an exclusive focus on the investment in unit-linked life insurance. A special place in this study is the presentation of investments in unit-linked insurance versus other types of financial investments: deposits, treasury bills, shares (BET, currency (EURO and gold.

  11. [The problem of private insurance for patients with epilepsy (author's transl)].

    Science.gov (United States)

    Quattrini, A; Paggi, A; Ortenzi, A; Forastieri, L; Di Bella, P; Recchioni, M A

    1980-01-01

    324 epileptics were questioned about their approach to private insurance. Only 9,26% of them were covered by a life or accident insurance policy: 3,70% had life insurance, 3,70% accident insurance and 1,86% both. None of the patients had declared his disability to the insurance company. In 6,17% of the 324 epileptic cases an insurance policy had been taken out by their parents. In comparison about 35% of the Italian population in general are insured. A questionnaire was sent to 20 insurance companies; only 5 of them replied, saying that as far as accidents were concerned, they considered epileptics uninsurable. As for life insurance, policies can be contracted at increased premiums, according to the individual case (including the severity of the illness). Physicians must give epileptics fuller information about their insurance plans because, if their illness is detected after an accident, they will find themselves not covered by insurance. Government intervention is called for with the setting-up of special funds for this purpose.

  12. The Potential and Uptake of Remote Sensing in Insurance: A Review

    Directory of Open Access Journals (Sweden)

    Jan de Leeuw

    2014-11-01

    Full Text Available Global insurance markets are vast and diverse, and may offer many opportunities for remote sensing. To date, however, few operational applications of remote sensing for insurance exist. Papers claiming potential application of remote sensing typically stress the technical possibilities, without considering its contribution to customer value for the insured or to the profitability of the insurance industry. Based on a systematic search of available literature, this review investigates the potential and actual support of remote sensing to the insurance industry. The review reveals that research on remote sensing in classical claim-based insurance described in the literature revolve around crop damage and flood and fire risk assessment. Surprisingly, the use of remote sensing in claim-based insurance appears to be instigated by government rather than the insurance industry. In contrast, insurance companies are offering various index insurance products that are based on remote sensing. For example, remotely sensed index insurance for rangelands and livestock are operational, while various applications in crop index insurance are being considered or under development. The paper discusses these differences and concludes that there is particular scope for application of remote sensing by the insurance industry in index insurance because (1 indices can be constructed that correlate well with what is insured; (2 these indices can be delivered at low cost; and (3 it opens up new markets that are not served by claim-based insurance. The paper finally suggests that limited adoption of remote sensing in insurance results from a lack of mutual understanding and calls for greater cooperation between the insurance industry and the remote sensing community.

  13. Proper insurance of solar systems; Sicher ist sicher: Solaranlagen richtig versichern

    Energy Technology Data Exchange (ETDEWEB)

    Moldehn-Kleinesdar, A.

    2003-08-25

    Classic insurance companies do not provide insurance for all parts of a solar system, so specialized 'solar insurances' have developed to fill the gap. There are many options on the market, and a careful choice should be made. (orig.) [German] Entsteht ein Schaden an einer oder durch eine Solaranlage ist dieser nicht automatisch mit einer Gebaeude- oder Haftpflichtversicherung abgedeckt. Spezielle Solarversicherungen schliessen diese Luecke. Bei dem grossen Angebot ist eine genaue Pruefung unbedingt erforderlich. (orig.)

  14. Insurance industry troubles put pension, annuity plans at risk; experts urge checkup.

    Science.gov (United States)

    Pallarito, K

    1991-08-05

    Because of recent troubles in the insurance industry, most notably the state seizure of Newark, N.J.-based Mutual Benefit Life Insurance Co., it's a good time for hospitals and associations that sponsor pension and annuity plans to check up on the financial health of their investments, experts say. The rapid rise in "non-performing" mortgages held by insurance companies is among the maladies putting plans at risk.

  15. An assessment of corporate entrepreneurship in the risk and insurance sector / J.W. Wiese

    OpenAIRE

    Wiese, Jacques Wynand

    2009-01-01

    This study aims to examine corporate entrepreneurship within the risk and insurance industry, with specific reference to Marsh South Africa. An overview of Marsh South Africa is given with specific focus on the history, company structure and operating environment of the organisation. The factors that emphasises the need for corporate entrepreneurship within the risk and insurance industry is the growing demand for solutions that break the cycle of annual insurance renewals, the emergence of n...

  16. US Supreme Court allows limits on AIDS-related insurance benefits.

    Science.gov (United States)

    Elliott, R

    2000-01-01

    In a ruling issued on 10 January 2000 with respect to Doe v Mutual of Omaha Insurance, the US Supreme Court refused to review a lower-court decision allowing an insurance company to limit health-care benefits for AIDS-related claims to less than one-tenth of what it pays under the same policies for expenses related to other illnesses. The lower court had ruled that anti-discrimination legislation does not apply to insurance policies.

  17. Layoffs and Unemployment Insurance.

    Science.gov (United States)

    1979-02-01

    34 American Economic Review , December 1976, p. 754. Daniel S. Hamermesh: "Unemployment Insurance and Labor Supply," Mimeo 1978. No attempt is made in this...Unemployment Insurance on Temporary Layoff Unemployment," American Economic Review , December 1978, p. 834. Terry Halpin: "The Effect of Unemployment

  18. Consumers’ Collision Insurance Decisions

    DEFF Research Database (Denmark)

    Austin, Laurel; Fischhoff, Baruch

    ), which refines EU theory to incorporate income and predicts that property insurance is a normal good; (b) a mental accounting model based on the idea that consumers budget their income across consumption categories (Thaler, 1985); and (c) the baseline, classic EU theory, which predicts that insurance...

  19. Forest insurance number.

    Science.gov (United States)

    Thornton T. Munger; H.B. Shepard

    1934-01-01

    This inquiry, originally conceived as an effort to determine definitely whether the existing lack of adequate and practical forest fire insurance facilities is in truth unavoidable and, if possible, to suggest means whereby the condition might be remedied, finds no apparent reason why successful forest fire insurance should not be possible as far as the loss situation...

  20. Social health insurance

    CERN Document Server

    International Labour Office. Geneva

    1997-01-01

    This manual provides an overview of social health insurance schemes and looks at the development of health care policies and feasibility issues. It also examines the design of health insurance schemes, health care benefits, financing and costs and considers the operational and strategic information requirements.