When it comes to economic growth and development, the insurance business is often regarded as one of most crucial sectors, especially in a country like India. Awareness-raising critical component an integrated strategy for expanding market. There was rising knowledge benefits viability life 19th century, but many Indians still believed that purchasing such policy meant intentionally courting de...

In a deregulated insurance market, insurance carriers have an incentive to be innovative in their pricing decisions by segmenting their portfolios and designing new bonus-malus systems (BMS). This paper examines the evolution of market shares and claim frequencies in a two-company market, when one insurer breaks off the existing stability by introducing a super-discount class in its BMS. Severa...

Consumer complaints against private health insurance plans and companies in Brazil have become increasingly frequent in the country's 'supplementary' (non-public) health care sector, with numerous cases reaching the courts. The problem raised the need for regulation of this private market, which began in 1998, through Law no. 9.656. One of the challenges faced by the National Agency for Supplem...

Variable annuity is a retirement planning product that allows policyholders to invest their premiums in equity funds. In addition to the participation in equity investments, the majority of variable annuity products in today’s market offer various types of investment guarantees, protecting policyholders from the downside risk of their investments. One of the most popular investment guarantees i...

Dynamic hybrid life insurance products are intended to meet new consumer needs regarding stability in terms of guarantees as well as sufficient upside potential. In contrast to traditional participating or classical unit-linked life insurance products, the guarantee offered to the policyholders is achieved by a periodical rebalancing process between three funds: the policy reserves (i.e. the pr...

Owning life insurance coverage that is not enough to pay for the expenses called underinsurance, and it has been found have a significant influence on sustainability financial health of families. However, companies need good profile potential policyholders. Customer profiling become one essential marketing strategies any sustainable business, such as market, identify purchasers. One well-known ...

This Panel Paper reviews recent evidence on moral hazard in the insurance industry. We discuss three types of moral hazard and detail how each is an asymmetric information problem. For each of the types, we summarize the empirical evidence and discuss the policy implications that follow from it. The evidence for ex ante moral hazard (i.e., insurance-induced increases in risk-taking) is rather w...

According to the Chinese Health Statistics Yearbook, in 2005, number of traffic accidents was 187781 with total direct property losses 103691.7 (10000 Yuan). This research aims fill gap literature by investigating extreme claim sizes not only for entire portfolio. empirical study investigates behavior upper tail size class policyholders.

To consider the main stages and problems of introduction telematics in insurance industry, to identify importance prospects for development motor Russia. Tasks. investigate models auto insurance; affecting business; analyze state car market Russia experience foreign countries telematics; attitude policyholders insurance. The study was conducted using general scientific private methods, a formal...