Customers Satisfaction towards Life Insurance Claim Settlement in Nepal
نویسندگان
چکیده
منابع مشابه
Analysis of Insurance Claim Settlement Process with Markovian Arrival Processes
This paper proposes a model for the claim occurrence, reporting, and handling process of insurance companies. It is assumed that insurance claims occur according to a Markovian arrival process. An incurred claim goes through some stages of a claim reporting and handling process, such as Incurred But Not Reported (IBNR), Reported But Not Settled (RBNS) and Settled (S). We derive formulas for the...
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This paper develops several expressions to quantify claim provisions to account in financial statements of a non-life insurance company under the hypothesis of a fuzzy environment. Concretely, by applying the expected value of a fuzzy number and the more general concept of value of a fuzzy number to the ANOVA claim predicting model [2] we estimate claim reserves to account in insurer’s balance ...
متن کاملThe Economics of Life Insurance Settlement
We investigate the effects of the settlement market of life insurance policies on the monopolistic insurer's profit and social welfare. We assume that consumers differ only in their liquidity needs, and that the insurer cannot discriminate consumers based on their liquidity needs. When the settlement market incurs no costs, we find that the existence of the settlement market enhances social wel...
متن کاملHow Does Life Settlement Affect the Primary Life Insurance Market?∗
We study the effect of the life settlement market on the structure of long term contracts offered by the primary market for life insurance, as well as the effect on consumer welfare, using a dynamic model of life insurance with one sided commitment and bequest-driven lapsation. We show that the presence of life settlement affects the extent as well as the form of dynamic reclassification risk i...
متن کاملLife Insurance and Life Settlement Markets with Overconfident Policyholders
We analyze how the life settlement market – the secondary market for life insurance – may affect consumer welfare in a dynamic equilibrium model of life insurance with one-sided commitment and overconfident policyholders. As in Daily et al. (2008) and Fang and Kung (2010), policyholders may lapse their life insurance policies when they lose their bequest motives; but in our model the policyhold...
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ژورنال
عنوان ژورنال: Janapriya Journal of Interdisciplinary Studies
سال: 2018
ISSN: 2362-1516
DOI: 10.3126/jjis.v6i0.19307