Analytics-a new frontier in claims management Insurers are facing a perfect storm, making sustainable profits even more challenging Four key trends are driving this event: ► An increase in the number and severity of natural disasters, which is driving up claims and reinsurance costs; ► Requirements to satisfy new prudential regulations will result in increased capital adequacy requirements; ► V...

Altruism refers to a willingness to benefit others, even at one’s own expense. In contrast, selfishness refers to prioritizing one’s own interests with no consideration for others. However, even if an agent is selfish, he might nevertheless act as if he were altruistic out of selfish concerns triggered when his action is observed; that is, he might seek to feel pride in acting altruistically an...

We begin with some thoughts on how model theory relates to other parts of mathematics, and on the indirect role of Gödel’s incompleteness theorem in this connection. With this in mind we consider in Section 2 the fields of real and p-adic numbers and show how these algebraic objects are understood model-theoretically: theorems of Tarski, Kochen, and Macintyre. This leads naturally to a discussi...

We develop a tractable two-country overlapping-generations model and show that cross-country differences in financial development can explain three recent empirical patterns of international capital flows: Financial capital flows from relatively poor to relatively rich countries, while foreign direct investment flows in the opposite direction; net capital flows go from poor to rich countries; d...

This paper analyzes the effect of the Earned Income Tax Credit (EITC) on investment income. Policy-makers have devoted substantial time and resources toward increasing the saving rate of low-income households, yet the EITC provides a substantial disincentive for individuals to save and realize investment income. I find a one percent increase in the aftertax return to saving causes a 3.05 percen...

among investments in different sections of economy, investment in agriculture is great importance. in addition to increasing production and job opportunities in agriculture, investment in this section will help to increase these in other sections as well, due to back and front relations with other economic activities. due to the fact that investment does not yield rapidly, and it takes some tim...

The purpose of this study was to determine the effect of financial distress on investment behavior for the years of 2011 to 2016. The statistical population of the research is Tehran Stock Exchange. According to the systematic elimination method, 104 companies have been selected as the statistical sample. In this research, financial distress is independent variable and corporate investmen...

this paper is an attempt to analyze the impact of income taxes and market capitalization on fixed investment (investment in tangible assets) by manufacturing companies listed on kse. this paper basically examines that how corporate income taxes affect fixed investment by reducing cash flow available for a firm to invest and how the firm size in the lights of market capitalization affects fixed ...

This paper empirically investigates the relationship between CPI inflation uncertainty, and private investment in the Iranian economy from 1988 to 2010 by using quarterly data. We employ a bivariate VAR(5)-GARCH(1,1)-in-mean with diagonal BEKK model to discover in a unified framework how are the interactions between the variables. In the model, conditional variance of inflation and private inve...

It is the position of this author that attention to both process and people is a key to rapidly adopting new technology essential to improving software quality, reducing costs, and shortening cycle time. In order to succeed, corporations are realizing the importance of meeting these challenges: . the tension between discipline/bureaucracy and creativity/chaos must be creatively managed . “agili...