This Essay has two goals: one descriptive and one normative. Descriptively, it explicates the connection between interpretation of insurance contracts and the Insurer’s disclosure duty. Disclosure duties and interpretation rules constitute a two way street. The interpretation of insurance contracts by courts, ex post, influences the incentives of insurance companies to disclose information to c...

sometimes the losses in insurance companies are so considerable that even the total sum of capitals and reserves of the company are not enough to compensate them. that's why the reinsurance companies were established. as reinsurance is necessary for survival of the insurance companies at unexpected losses, the retakaful operation is vital for takaful companies which perform the insurance o...

This paper examines risk in the insurance industry, discusses some initial thoughts on how intelligent applications can be used to model, understand and control risk and describes a recent use of natural language processing in insurance underwriting. elements. Not surprisingly risk and the mathematics associated with risk namely probability and statistics were accepted and advanced at insurance...

This study draws attention to the ubiquitous and borderless nature of cybercrime. It examines the prospect of introducing customized cyber insurance policy in the Nigerian market. As secondary data was not available, the study conducted a survey by administering three sets of questionnaire to purposively selected top executives in four Trade Groups that rely heavily on Internet transactions for...

this study is conducted to measure the actual efficiency comparison of life insurance company between bangladesh and malaysia. total 15 life insurance companies’ were selected for the study where 10 conventional life insurance companies’ from bangladesh and 5 takaful lifeinsurance companies’ from malaysia. authors tried toindicate the problems and way to get exact solutions by using data envelo...

The board of an insurance company is the supreme governing body company. It has numerous stakeholders and many duties, which are discussed in this paper. literature review concerns e.g., non￾executive directors, risk taking oversight, ESG diversity policies. In discussion relation to duties obligations described. include owners company, CEO FSA outsourcing partners. Other covered topics key fun...

moral hazards are the result of an expansive range of factors mostly originating in the patients’ roles. the objective of the present study was to investigate patient incentives for moral hazards using the experiences of experts of basic iranian insurance organizations. this was a qualitative research. data were collected through semi-structured interviews. the study population included all exp...

Economics depends on the economic scale of planning. Economists study the characteristics of the production function, while community operating management focuses on demand realization, so that loss of sales or inventory prevents cost reductions and maximizes profits. However, companies with a lack of capacity need to achieve economies of scale and demand to realize them simultaneously, especia...