Deposit insurance was introduced in the United States during the Great Depression primarily to promote financial stability. Stability is enhanced because deposit insurance reduces the likelihood of a bank run. During its first four decades, deposit insurance appeared to work well as few banks failed. But in the 1980s, a wave of financial troubles in the banking and thrift industry exposed an un...

The private health insurance industry collected $47.1 billion in premiums in 1977 and returned $41.6 billion in benefits to their subscribers. Premiums rose 16.3 percent as a direct consequence of rapid claims growth in 1976. After operating expenses were deducted, the industry showed a small, $.4 billion underwriting loss. About 78 percent of the population were insured for hospital care, and ...

Our country’s system for financing health care cannot be fundamentally reformed without significant compromise by all affected interest groups. Providers must yield on cost containment; consumers must accept restrictions in benefits; personal injury lawyers must tolerate tort reform; employers must pay either higher employee compensation or taxes; and private insurers must change the way they d...

This paper provides a first idea on changes induced by new ICT that goes ‘beyond mobile’. Main aspects considered are value creation structures, value proposition of products and services and customer relations. Goal is to discuss these changes within the insurance industry context (primary insurers and reinsurers) and to foster thinking on new research topics that might arise due to the influe...

this paper aims to estimate a model of demand for health insurance and medical care in iran in the presence of the heterogeneous and latent health status of individual; moreover it tests the asymmetry of information in the health insurance industry of iran. our dataset consists of whole family budget survey of 2006. the parameters of model are estimated by g.m.m method and the model used in thi...

Activity-based Costing (ABC) as a kind of advanced cost calculation and management method has been widely used in western countries. But it still has some problems because of not considering cost of capital and other factors. This paper introduced the ideas of Economic Value Added (EVA) into ABC’s calculation and analysis, set up Refined Activity-based Costing (RABC), and analysed its principle...

The private health insurance industry collected $55.9 billion in premiums in 1979 and returned $50.2 billion in benefits to its subscribers. Premiums rose 12.4 percent, slightly faster than in 1978 when premiums rose 11.4 percent, to $49.7 billion. Benefits rose 11.4 percent in 1979, down from the 12.6 rate in 1978. After operating expenses were deducted, the industry showed underwriting losses...

As the debate over global warming rages, actuaries may be able to play a greater role in evaluating the merits of the opposing views and contributing to climate research itself. Since hurricanes Hugo and Andrew, insurance companies have had to fundamentally rethink pricing, underwriting and financing for catastrophic weather-related coverage. Insurers also have had to consider whether these eve...

Insurance companies are among the service organizations, which maintain close relationships with their clients by providing insurance services. Clients are the most important resource for service companies. And profitability of insurance companies undoubtedly hinges on clear analysis of client satisfaction and improved productivity of service providers. An important factor of client satisfactio...