Death benefits are generally the largest cash flow items that affect financial statements of life insurers; some may still not have a systematic process to track and monitor death claims. In this article, we explore data clustering examine understand how actual claims differ from what is expected—an early stage developing monitoring system crucial for risk management. We extended k-prototype al...

In this paper we present a Gibbs sampler for a Poisson model including spatial effects. Frühwirth-Schnatter and Wagner (2004b) show that by data augmentation via the introduction of two sequences of latent variables a Poisson regression model can be transformed into a normal linear model. We show how this methodology can be extended to spatial Poisson regression models and give details of the r...

The bundling feature of a nonlife insurance contract often leads to multiple longitudinal measurements of an insurance risk. Assessing the association among the evolution of the multivariate outcomes is critical to the operation of property-casualty insurers. One complication in the modeling process is the non-continuousness of insurance risks. Motivated by insurance applications, we propose a ...

Many health care finance mechanisms transfer health insurance risks to health care providers. Global capitation is the best known example but bundled and episode payments, Diagnosis Related Groups payments, the Medicare/Medicaid Prospective Payment Systems for Physicians, hospitals, nursing homes, and home health agencies, and contractual agreements between health care providers, and other thir...

Insurance policies often contain optional insurance coverages known as endorsements. Because these additional coverages are typically inexpensive relative to primary coverages and data can be sparse (coverages are optional), rating of endorsements is often done in ad hoc manner after a primary analysis has been conducted. This paper describes a study of the Wisconsin Local Government Property I...

The LIFT (Living Independently and Falls-free Together) Wellness Program is a multifactorial fall-prevention intervention developed for community-dwelling elders. Its effectiveness was tested in a randomized controlled trial of consenting people who were ages seventy-five and older and who held long-term care insurance policies with one of three major insurers. The study was conducted during 20...

BACKGROUND Survival curves and decimal Standardized Mortality Ratios (SMRs) were reported in 1994 for four clinical series of patients with Rheumatoid Arthritis (RA), with use of a common data processing system. It was felt to be desirable to compare the excess mortality observed in clinical patients with the excess mortality found in substandard policyholders with RA in the 1983 Medical Impair...

This paper analyzes consumer switching behaviors from the perspectives of consumer psychology and interactions with the society, such as consumer’s emotional intelligence, relationship involvement and personality traits. We survey life insurance policyholders in Taiwan and Hong Kong. Our results show that when service failures are more serious, consumers with higher emotional intelligence exhib...

Abstract There is a movement towards the concepts of integrated flood risk management and governance. In these concepts, each stakeholder prone to flooding tasked with actively limiting impacts. Currently, relatively more research has focused upon adaptation private households not on businesses operating in flood-prone areas. This paper offers an extension this literature business-level by expl...

In everyday human life, there are several problems that pose a risk to oneself, personal belongings or family property, where the is something arises unexpectedly. To overcome these unexpected problems, role of insurance very important in providing protection. Insurance an agreement between company and policyholder with obligation pay premiums provide guarantees compensation. general, classific...