The dynamics of the financial reliability insurers show rather unstable and often unfavorable trends, which indicate an increase in risks their insecurity requires searching for reserves to improve condition context digitalization. aim present research is develop approaches managing profitability Russian insurance companies Structurally, study consisted a comprehensive analysis market Federatio...

We study the effect of attrition and other forms of non-response on the representativity over time of the Health and Retirement Study (HRS) sample born 1931–1941; the sample was initially drawn in 1992. Although some baseline characteristics of respondents do appear correlated with non-response over time, the 2002 sample of respondents does not appear to suffer significantly from selection on o...

This study extends previous research on service quality in the private passenger automobile insurance industry by providing empirical evidence using an improved proxy for the value of service. The endogeneity of the value of service is recognized and treated statistically with the two-stage least squares approach. The empirical model also includes a number of control variables that affect the s...

This article deals with the role of insurance for damages from catastrophic events. Prior to the attack of September 11, 2001, insurers typically provided coverage for losses from terrorism and those from almost all other causes. These causes were thought by the industry to be of sufficiently low probability and were not a reason for making changes in premiums, underwriting, or reserves. In tim...

Longevity risk has become a major challenge for governments, individuals, and annuity providers in most countries, and especially its aggregate form, i.e. the risk of unsystematic changes to general mortality patterns, bears a large potential for accumulative losses for insurers. As obvious risk management tools such as (re)insurance or hedging are less suited to manage an annuity provider’s ex...

We develop a theoretical analysis of two widely used regulations of genetic tests, disclosure duty and consent law, and we run several experiments in order to shed light on both the takeup rate of genetic testing and on the comparison of policyholders’ welfare under the two regulations. Disclosure Duty forces individuals to reveal their test results to their insurers, exposing them to the risk ...

In non-life insurance, insurers use experience rating to adjust premiums to reflect policyholders’ previous claim experience. Performing prospective experience rating can be challenging when the claim distribution is complex. For instance, insurance claims are semicontinuous in that a fraction of zeros is often associated with an otherwise positive continuous outcome from a right-skewed and lon...

Because human capital is often the largest asset an investor possesseswhenhe is young, protecting human capital from potential risks should be considered as a part of overall investment advice. The risk of the loss of the policyholder’s human capital – themortality risk – to the household can be partially hedged by a term life insurance policy. Guaranteed Minimum Death Benefits (GMDB) in Variab...

Guaranteed funds with crediting rates for fixed periods determined by a Pension Provider or Insurance Company are common features of accumulation annuity contracts. Policyholders can transfer money back and forth between these accounts and Money Market accounts which give them features similar to demand deposits and yet they frequently credit a higher rate than the Money Market. Transfer restri...

This paper presents a computational economics model of the property-liability insurance underwriting cycle. This computer experiment is built on downward-sloping demand, a simplistic version of the capacity constraint model of insurance supply, and a simple pricing rule. The pricing rule has each experimental insurer determine its price from the expected losses per-policy (a constant), the prev...