Download or read book Life Insurance in Economic Crises written by John S. Thompson and published by . This book was released on 1934 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Life Insurance in Asia written by Stephan Binder and published by John Wiley & Sons. This book was released on 2012-09-24 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: An incisive look at the war for market share in the Asian life insurance market Although the life insurance industry in Asia has emerged from the financial crisis stronger than ever, it has not escaped unchanged. As the general focus of insurance companies across the continent moves towards profitability beyond growth, tightening regulatory measures, shifts in consumer preferences, and risk tolerance, battle lines have been drawn between local incumbents, attackers, and foreign players. Life Insurance in Asia: Winning in the Next Decade, Second Edition looks at the ways in which small local agencies and multinational companies alike are seizing control of as much of the market as they can by aggressively recruiting new agents, leveraging new channels, and selling new products to cash in on the explosive Asian markets. Thoroughly revised and updated, this new edition offers a comprehensive introduction to the booming Asian life insurance markets and outlines exactly what it takes to capture the opportunities that are emerging. Drawing on the research and experience of the McKinsey Asia financial services team, it includes everything you need to know about the battle for the life insurance market in Asia. Looks at how China and India are becoming increasingly important players on the international life insurance scene Goes behind the scenes of the Asian life insurance industry and the contentious battle for market share Outlines the steps to successfully entering, and prospering, in the Asian market The life insurance industry in Asia is changing like never before. What the future holds, no one knows, but with Life Insurance in Asia in hand, you'll have a clear idea of the factions in play and the rules of the game.
Download or read book Policy Issues in Insurance The Impact of the Financial Crisis on the Insurance Sector and Policy Responses written by OECD and published by OECD Publishing. This book was released on 2011-01-28 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This special report assesses the impact of the crisis on the insurance sector and reviews policy responses within OECD countries.
Download or read book Life Insurance in Europe written by Marta Borda and published by Springer Nature. This book was released on 2020-10-21 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future determinants of the insurance industry’s development by highlighting novel solutions in insurance supervision and trends in consumer protection. Drawing on their academic and practical expertise, the contributors identify problems relating to risk analysis and evaluation, demographic challenges, consumer protection, product distribution, mortality risk modeling, applications of life insurance in contemporary pension systems, financial stability and solvency of life insurers. They also examine the impact of population aging on life insurance markets and the role of digitalization. Lastly, based on an analysis of early experiences with the implementation of the Solvency II system, the book provides policy recommendations for the development of life insurance in Europe.
Download or read book Impact of Global Financial Crisis on Life Insurance Industry written by Rajeswari K. Rajeswari and published by LAP Lambert Academic Publishing. This book was released on 2012-07 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an outcome of the research undertaken on impact of global financial crisis on Life Insurance industry in South India. Insurance in any economy is regarded as a pillar of growth for overall development of the economy. Volatile economic condition with recent financial crisis changed the competitive landscape in life insurance industry with a challenging future ahead in India.An examination of the effect of the crisis on Indian economy and savings pattern of people and priority for insurance is made. It contains a quantitative and objective assessment of how well the life insurers in India managed the global crisis in Madurai Division and at the National level. There is an analysis on the behaviour of policyholders' towards LIC and views towards global financial crisis and perceptions of the policyholders about the service rendered by the LIC of India using SERQUAL model.It is hope that the readers will be enlightened on the necessity for investing in life insurance during their earning period.It also offers some valuable insights to the branch managers of LIC to aggressively improve customer service standards and revamp distribution networks.
Download or read book The Impacts of Financial Crisis on Insurance Industry written by Van Anh Nguyen and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Many people believed that insurance is regarded a shock absorber of the economy, then it might not be the sector that was affected by the current financial crisis. However, the collapse of America International Group (AIG) in 2008 has ignited a question of the link between the financial crisis and insurance industry. Although, there were several studies and papers of International Monetary Fund or Geneva Association of Insurance, etc' which discussed about the possible impacts of the financial crisis, rarely there had studies referring to the different roles of insurance in the economy. This thesis aimed to discover the impacts of the financial crisis on insurance sector regarding its various roles. Insurer play two roles in the economy: one as the financial player where it makes profit from the earned premium in the financial market and the other as its normal activity, insurance, which is related to the general economic stage. So the insurance industry had to suffer during the period of crisis in both two ways. In spite of the limited data, this report believes to give the readers an overview of insurers' condition through the period of financial crisis after outlining the major impacts and studying the several specific cases. The impacts from financial markets were due to the collapse of the securities market and the loss on subprime mortgage. In general economic stage, insurance companies felt the heat of the crisis through the shrinkage of demand in insurance products and the rise of insurance fraud. Moreover, it showed that the consequences heavily depended on the connection between the insurers with the financial world and the development of the market where insurance companies operate. That is why Vietnam represents the special case which still enjoys the growth rate of 20-30% per year. In addition, life insurance was affected much more than non-life insurance because of its extensive investment portfolio. By studying three famous case studies (AIG, ING Group and Bao Viet Holdings), the thesis strengthens the points which were made in the theoretical part. It is important to notice that not all of the mentioned symptoms happened to every insurance company. The impacts on insurance sector depended on the link between the company and financial market, the development level of the industry, the company's investment portfolio and the operation's areas. The company could be hit by its financial activities like AIG or by the regions it operated like ING Insurance or by the general economic recession like Bao Viet Holdings. The slash of AIG's stock and the sharp decline of financial activities proved that financial department was the reason for all the mess of ING. Meanwhile, ING Insurance's loss was resulted from its activities in the US, the origin of the financial crisis, following was Europe. Finally, Bao Viet Holdings was the typically insurance company which only had insurance activities in one developing country, Vietnam, an immature insurance market. It still enjoyed the development of 10% in life insurance and 20% in non-life insurance. The real reason for this surprising fact was the lack of relationship between insurance sector and financial market and the underdeveloped insurance environment containing of only traditional products.
Download or read book U S Insurance Industries After the 2007 2009 Financial Crisis written by Johnson B. Powell and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. life and property/casualty (P/C) insurance industries wrote over $1 trillion in total premiums in 2011 and play an important role in ensuring the smooth functioning of the economy. Concerns about the oversight of the insurance industry arose during the 2007-2009 financial crisis, when one of the largest U.S. holding companies that had substantial insurance operations, American International Group, Inc. (AIG), suffered large losses. These losses were driven in large part by activities conducted by a non-insurance affiliate, AIG Financial Products, but also included securities lending activity undertaken by some of its life insurance companies which created liquidity issues for some insurers. The losses threatened to bankrupt the company, and AIG was one of the largest recipients of assistance by the Federal Reserve Bank of New York and the federal government under the Troubled Asset Relief Program (TARP) set up during the crisis. This book examines any effects of the financial crisis on the insurance industry and policyholders, and addresses what is known about how the financial crisis affected the insurance industry and policyholders, and the types of actions that have been taken since the crisis to help prevent or mitigate potential negative effects of future economic downturns on insurance companies and their policyholders.
Download or read book U S Insurance Industries After the 2007 2009 Financial Crisis written by Johnson B. Powell and published by . This book was released on 2014-05-14 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. life and property/casualty (P/C) insurance industries wrote over $1 trillion in total premiums in 2011 and play an important role in ensuring the smooth functioning of the economy. Concerns about the oversight of the insurance industry arose during the 2007-2009 financial crisis, when one of the largest U.S. holding companies that had substantial insurance operations, American International Group, Inc. (AIG), suffered large losses. These losses were driven in large part by activities conducted by a non-insurance affiliate, AIG Financial Products, but also included securities lending activity undertaken by some of its life insurance companies which created liquidity issues for some insurers. The losses threatened to bankrupt the company, and AIG was one of the largest recipients of assistance by the Federal Reserve Bank of New York and the federal government under the Troubled Asset Relief Program (TARP) set up during the crisis. This book examines any effects of the financial crisis on the insurance industry and policyholders, and addresses what is known about how the financial crisis affected the insurance industry and policyholders, and the types of actions that have been taken since the crisis to help prevent or mitigate potential negative effects of future economic downturns on insurance companies and their policyholders.
Download or read book Insurance and Issues in Financial Soundness written by Nigel Davies and published by International Monetary Fund. This book was released on 2003-07-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Download or read book The Economics of Life Insurance written by Solomon Stephen Huebner and published by . This book was released on 1944 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Life Insurance Holdings in the Great Recession written by Peaslee Clare and published by . This book was released on 2014 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using panel data from the 2007-09 Survey of Consumer Finances, this research explores channels through which the Great Recession affected households' demand for life insurance policies. Existing literature suggests that the economic downturn induced changes in insurance coverage due to both financial and psychological shocks. This paper utilizes Probit regressions with differenced explanatory variables to analyze whether changes in household structure, economic stability, and financial risk aversion caused households to drop or purchase life policies. My results indicate that the Great Recession impacted life insurance demand in the U.S. through the deterioration of household financial status and increases in unemployment. The most novel contribution of this research is the significant positive relationship the results show between increases in risk aversion and the decision to drop life insurance coverage.
Download or read book America s Life Insurance Crisis written by Roy Windsor and published by Outskirts Press. This book was released on 2010-07-29 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: b>America's Life Insurance Crisis - Don't Buy Worthless Policies, br> Know why only 10% of life insurance owners NEVER WASTE THEIR MONEY ON LIFE INSURANCE. Know why 90% of life insurance owners ALWAYS WASTE THEIR MONEY ON LIFE INSURANCE. Only two facts separate the winners from the losers. In accurate, simple, easily understood language you know the few steps required. Immediately upon taking them, your place among the top 10% who REFUSE to waste tens of thousands of their after-tax lifetime income on a disappointing mystery is guaranteed. This book required forty years to write. Your choices: Own the little book containing everything you need to know about YOUR life insurance. Enjoy the simple, factual language explaining how to guarantee every dollar you pay for life insurance comes back home to your survivors, AND SO MUCH MORE! A chosen amount of life insurance is affordable for every key provider. Or don't care enough to own the book and WASTE from $10K to $100K and more of your after-tax lifetime income on a mystery trip to nowhere! The satisfaction of knowing you will NOT be found among America's 150M life insurance losers adds real quality to your life and to your most important people! ABOUT THE AUTHOR The author is in the top 1% of professional life insurance agents in America. He enjoyed mutually educational visits with over 30K people during his forty-two year career. He placed approximately $800M of life insurance protection on the lives of more than 5K clients. Many clients purchased several policies. Of each 100 new agents entering the life insurance profession, only 5 will survive the first 5 years! As it is difficult to find a seasoned, reputable, professional agent with more than ten years of experience serving clients, THIS LITTLE BOOK IS A MUST HAVE! You have of the practical LIFE INSURANCE EXPLANATIONS given by a highly successful 42 year veteran of the profession. Knowing this simple information and following the easy suggestions in this book brings COMFORT AND SATISFACTION! IT IS A GREAT BUY! ARMED WITH THIS INFORMATION YOU ARE NOT LIKELY TO BE FOUND AMONG THE NEAR 90% OF LIFE INSURANCE LOSERS.
Download or read book Approaching Death written by Committee on Care at the End of Life and published by National Academies Press. This book was released on 1997-10-30 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: When the end of life makes its inevitable appearance, people should be able to expect reliable, humane, and effective caregiving. Yet too many dying people suffer unnecessarily. While an "overtreated" dying is feared, untreated pain or emotional abandonment are equally frightening. Approaching Death reflects a wide-ranging effort to understand what we know about care at the end of life, what we have yet to learn, and what we know but do not adequately apply. It seeks to build understanding of what constitutes good care for the dying and offers recommendations to decisionmakers that address specific barriers to achieving good care. This volume offers a profile of when, where, and how Americans die. It examines the dimensions of caring at the end of life: Determining diagnosis and prognosis and communicating these to patient and family. Establishing clinical and personal goals. Matching physical, psychological, spiritual, and practical care strategies to the patient's values and circumstances. Approaching Death considers the dying experience in hospitals, nursing homes, and other settings and the role of interdisciplinary teams and managed care. It offers perspectives on quality measurement and improvement, the role of practice guidelines, cost concerns, and legal issues such as assisted suicide. The book proposes how health professionals can become better prepared to care well for those who are dying and to understand that these are not patients for whom "nothing can be done."
Download or read book A Post Mortem of the Life Insurance Industry s Bid for Capital During the Financial Crisis written by Michelle L. Barnes and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008-2009 financial crisis was the most serious shock to the U.S. financial system since the Great Depression of the 1930s. A number of large financial institutions failed during the crisis. Many institutions that survived did so only because of extraordinary actions undertaken by company management to maintain solvency, or through the extension of extraordinary support by the federal government and the Federal Reserve System. The impact of the financial crisis on the banking sector has been the subject of extensive research, discussion, and debate. Academic and policy researchers, as well as several government investigations, have examined the measures undertaken by bank managers, banking industry regulators, and governments in response to the crisis (Financial Crisis Inquiry Commission 2011, Stanton 2012). By comparison, relatively few studies have examined the experience of the life insurance sector during the crisis or the response of company managers and insurance regulators during the crisis period. This paper begins to fill that gap.
Download or read book Indian Insurance Sector Deregulation and the Global Financial Crisis written by Joy Chakraborty and published by LAP Lambert Academic Publishing. This book was released on 2020-04-10 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the deregulation of the Indian insurance sector in 1999, the market-share of the country's sole largest public-sector player Life Insurance Corporation of India has drastically gone down with the entry of private players. The abrupt rise in the presence of private players has eventually raised concerns about the performances of the life insurance players in safeguarding the interests of the policyholders. Further, the global financial crisis of 2007-08 had its contagion effects in the Indian insurance industry, the ripples of which were even felt in the performances of the Indian life insurers. The study thus makes an attempt to evaluate the operational efficiencies, productivity and financial health of the life insurance companies in India, covering the period from 2008-09 to 2014-15 against the backdrop of the global financial crisis and the insurance sector deregulation in India. The study has also hinted at the monopolistic-competition type of market structure prevailing in the country's life insurance sector. The study further gave indications about the commendable turnaround manifested by the life insurers from the spill-over effects of the financial crisis post 2010.
Download or read book Insurance Economics written by Peter Zweifel and published by Springer Science & Business Media. This book was released on 2012-02-24 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Winner of the 2014 Kulp-Wright Book Award Presented by the American Risk and Insurance Association". More information can be found here: http://www.aria.org/awards/bookawards.htm Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance by individuals and corporations, objectives pursued and management tools used by insurance companies, the regulation of insurance, and the division of labor between private and social insurance. Appropriete both for advanced undergraduate and graduate students of economics, management, and finance, this text provides the background required to understand current research. Predictions derived from theoretical argument are not only stated but confronted with empirical evidence. Throughout the book, conclusions summarize results, helping readers to check their knowledge and understanding. Issues discussed include paradoxa in decision making under risk, selection of favorable risks by insurers, the possibility of a "death spiral" in insurance markets, and future challenges such as re-regulation in the wake of the 2007-09 financial crisis and the increasing availability of generic information.
