Search results for " insurance"
showing 10 items of 132 documents
Contagion and Bank Runs in a Multi-Agent Financial System
2012
In this work we explore contagion from one institution to another that can stem from the existence of a network of financial contracts. In fact, in modern financial systems, an intricate web of claims and obligations links the balance sheets of a wide variety of intermediaries (banks, for instance) into a network structure of interdependencies that have created an environment for feedback elements to generate amplified responses to shocks to the financial system. Small shocks, which initially affect only a few institutions, can indeed spread by contagion to the rest of the financial sector and cause a crisis in the connected intermediaries. Whether the financial crisis does spread depends c…
Testing For Asymmetric Information In Insurance Markets With Unobservable Types
2008
In two important recent papers, Finkelstein and McGarry [25] and Finkelstein and Poterba [28] propose a new test for asymmetric information in insurance markets that considers explicitly unobserved heterogeneity in insurance demand. In this paper we propose an alternative implementation of the Finkelstein-McGarry-Poterba test based on the identification of unobservable types by use of finite mixture models. The actual implementation of our test follows some recent advances on marginal modelling as applied to latent class analysis; formal testing procedures for the null of asymmetric information and for the hypothesis that private information is indeed multidimensional can be performed by im…
An NDC approach to helping pensioners cope with the cost of long-term care
2018
The aim of this paper is to analyse whether it would be possible to provide retirement and long-term care benefits using the same unfunded notional defined contribution scheme. We extend the multi-state overlapping generations model developed by Pla-Porcel et al. (2016) to include two new features: a long-term care benefit graded according to the annuitant's degree of disability and a minimum pension benefit for both contingencies. This brings the model closer to the reality of social insurance and enhances its political attractiveness. The paper contains a numerical example to show how the model functions and focuses especially on the mortality rates for dependent persons, the inception ra…
A Simulation Analysis of the Microstructure of an Order Driven Financial Market with Multiple Securities and Portfolio Choices
2005
In this paper we propose an artificial market where multiple risky assets are exchanged. Agents are constrained by the availability of resources and trade to adjust their portfolio according to an exogenously given target portfolio. We model the trading mechanism as a continuous auction order-driven market. Agents are heterogeneous in terms of desired target portfolio allocations, but they are homogeneous in terms of trading strategies. We investigate the role played by the trading mechanism in affecting the dynamics of prices, trading volume and volatility. We show that the institutional setting of a double auction market is sufficient to generate a non-normal distribution of price changes…
Health Insurance Reforms and Health Policies in Rural China
2016
Since the early 2000s, the Chinese government has undertaken a series of reforms in the health sector. Among these, the three most important have been concerned with medical insurance, hospital administration, and pharmaceutical policies. The aims of these reforms were to extend health insurance coverage, to increase the activities and the efficiency of the health establishments, and to improve patient care. This article focuses on two components of these reforms: the development of health insurance in rural areas and the policy on essential medicines in conjunction with hospital reforms. Our longstanding co-operation with a research team from Weifang University and with the Weifang Health …
How Big Data Informs Us About the Population Health Status : endophthalmitis after ophthalmologic procedures
2022
The use of Big Data, in the form of almost exhaustive French medico-administrative databases, has made it possible to address several issues without which this would not have been possible. First, to define the incidence of endophthalmitis after ophthalmologic procedures without bias on specific recruitment modalities of respondents (tertiary centers, questionnaires ...). Thus, local observations of a change in prevalence trends of causative procedures were confirmed at the national level. The reliable description of the incidence of endophthalmitis will then make it possible to identify critical situations of recrudescence of cases. The knowledge of the delay of occurrence after the proced…
Apdrošināšanas sistēmas integrācija ar Azerbaidžānas obligātās apdrošināšanas biroju
2018
“Apdrošināšanas sistēmas integrācija ar Azerbaidžānas obligātās apdrošināšanas biroju” ir integrācija starp Azerbaidžānas apdrošinātāja Xalq polišu pārvaldības sistēmu un Azerbaidžānas obligātās apdrošināšanas biroju (CIB). Integrācijas iemesls - CIB pieņēma lēmumu izveidot jaunu polišu izdošanas sistēmu. Iepriekšējā sistēmā katram apdrošinātājam bija sava polišu pārvaldības sistēma. CIB nodrošināja tīmekļa servisus, kurus izmantojot, apdrošinātājs varēja izdot polises CIB sistēmā. Jaunajā sistēmā apdrošinātāji nevar izdot vai modificēt polises individuālajā sistēmā - visas polises tiek izdotas un modificētas tikai caur CIB sistēmu. Pēc CIB nosacījumiem, visiem apdrošinātājiem savās sistēmā…
Mobilo ierīču apdrošināšanas produkta izveide un ieviešana sistēmā TIA.
2017
TIA ir globāla apdrošināšanas sistēma, kas pārvalda apdrošināšanas procesus no sākuma līdz beigām. Sākotnēji tā tika radīta priekš viena konkrēta uzņēmuma, bet tagad to izmanto plaši pasaulē. Darba mērķis bija izveidot un ieviest mobilo ierīču apdrošināšanas produktu uz TIA kodola versijas. Mobilo ierīču apdrošināšanas produkts tika plānots izveidot kā paraugu, kuru būtu iespējams realizēt nākotnē. Uzdevums bija izveidot produktu tā, ka tam būtu jābūt iespējai izvēlēties no saraksta konkrētu ierīču modeļus vai pievienot jaunus un aprēķināt tām prēmijas, izveidot polises. Tas tika realizēts ar 1 produkta līniju, kurā būs iespējams veikt minētās darbības. Darbā ir atrodams ne vien šī produkta…
Health care systems of developed non-U.S. nations: strengths, weaknesses, and recommendations for the United States--observations from internationall…
2010
The purpose of this article is to survey imaging experts from developed nations on their impression of their own health care system and recommendations for the U.S. health care system as it seeks to enact health care reform.A survey was sent to individual imaging experts from developed nations requesting information on their health care systems (type of system, strengths, and weaknesses) and their recommendations for the United States.Eighteen respondents from 17 developed nations completed the survey. All respondents reported universal health care coverage: four with government-operated health care, one with mixed government and private insurance-operated health care, 10 with predominantly…
Precarious workers' choices about unemployment insurance membership after the Ghent system reform : The Finnish experience
2019
The literature on the Ghent system has focused on the link between voluntary unemployment insurance and union membership in terms of industrial relations. Less attention has been paid to unemployment benefits and employees' decision-making concerning unemployment insurance, even though the core function of the Ghent system is to provide unemployment insurance. This paper examines both of the options that precarious workers (i.e., part-timers, temporary employees, and low-skilled service employees) choose regarding unemployment insurance membership and the change in union density after the Ghent system reform in Finland. First, the results show that the growth of the independent unemployment…