Search results for "Insurance"

Estimation of the Combined Effects of Ageing and Seasonality on Mortality Risk: An Application to Spain

2021

Abstract Despite the overwhelming evidence that shows the persistence of intra-annual variations on demographic events (deaths, birth dates and migration flows), life tables are computed and provided on an annual basis. This paper develops a new estimator for estimating sub-annual death rates that, considering the exact moment of occurrence (exact age and day) of events, concurrently accounts for ageing and calendar fluctuations. This paper also shows how modelling the intra-annual variations of death rates, through specific seasonal–ageing indexes, can be used as a tool for constructing new sub-annual tables from annual tables. This new methodology is exemplified using a real database of S…

Large deviations results for subexponential tails, with applications to insurance risk

1996

AbstractConsider a random walk or Lévy process {St} and let τ(u) = inf {t⩾0 : St > u}, P(u)(·) = P(· | τ(u) < ∞). Assuming that the upwards jumps are heavy-tailed, say subexponential (e.g. Pareto, Weibull or lognormal), the asymptotic form of the P(u)-distribution of the process {St} up to time τ(u) is described as u → ∞. Essentially, the results confirm the folklore that level crossing occurs as result of one big jump. Particular sharp conclusions are obtained for downwards skip-free processes like the classical compound Poisson insurance risk process where the formulation is in terms of total variation convergence. The ideas of the proof involve excursions and path decompositions for Mark…

Latent class models for multiple ordered categorical health data: testing violation of the local independence assumption

2019

Latent class models are now widely applied in health economics to analyse heterogeneity in multiple outcomes generated by subgroups of individuals who vary in unobservable characteristics, such as genetic information or latent traits. These models rely on the underlying assumption that associations between observed outcomes are due to their relationship to underlying subgroups, captured in these models by conditioning on a set of latent classes. This implies that outcomes are locally independent within a class. Local independence assumption, however, is sometimes violated in practical applications when there is uncaptured unobserved heterogeneity resulting in residual associations between c…

Evaluation of Insurance Products with Guarantee in Incomplete Markets

2008

Abstract Life insurance products are usually equipped with minimum guarantee and bonus provision options. The pricing of such claims is of vital importance for the insurance industry. Risk management, strategic asset allocation, and product design depend on the correct evaluation of the written options. Also regulators are interested in such issues since they have to be aware of the possible scenarios that the overall industry will face. Pricing techniques based on the Black & Scholes paradigm are often used, however, the hypotheses underneath this model are rarely met. To overcome Black & Scholes limitations, we develop a stochastic programming model to determine the fair price of the mini…

Korporācijas Selonijas Palīdzības biedrības Savstarpīgās Apdrošināšanas biedrības statuti

1926

Changes in telepsychiatry regulations during the COVID-19 pandemic: 17 countries and regions' approaches to an evolving healthcare landscape

2020

Author(s): Kinoshita, Shotaro; Cortright, Kelley; Crawford, Allison; Mizuno, Yuya; Yoshida, Kazunari; Hilty, Donald; Guinart, Daniel; Torous, John; Correll, Christoph U; Castle, David J; Rocha, Deyvis; Yang, Yuan; Xiang, Yu-Tao; Kolbaek, Pernille; Dines, David; ElShami, Mohammad; Jain, Prakhar; Kallivayalil, Roy; Solmi, Marco; Favaro, Angela; Veronese, Nicola; Seedat, Soraya; Shin, Sangho; Salazar de Pablo, Gonzalo; Chang, Chun-Hung; Su, Kuan-Pin; Karas, Hakan; Kane, John M; Yellowlees, Peter; Kishimoto, Taishiro | Abstract: BackgroundDuring the COVID-19 pandemic, the use of telemedicine as a way to reduce COVID-19 infections was noted and consequently deregulated. However, the degree of te…

Introduction to Price Bundling

1999

Collecting goods or services in a package and selling them at a (discounted) package price has become a widespread sales practice in many production or service oriented industries. The methodology itself is called Price Bundling and can be classified as a price differentiation tool for the price management of multiproduct/service enterprises.

Erosion of universal health coverage in Spain

2013

Whereas the recent UN resolution urges governments to accelerate progress towards universal access to affordable and quality health-care services, the Spanish Government, bypassing the parliamentary procedure, enacted a Royal Decree to limit access to free services at the point of delivery for all-undermining the principle of universal coverage. Spanish health and social service budgets have been subjected to large cuts (13,7% in 2012 and 16,2% in 2013) with some regions imposing additional budget cuts.

Determination of priority groups of indicators for threats identification to the financial security of insurance market

2017

The object of research is economic processes in insurance market of Ukraine. Generally there is no methodology for financial security assessment of the individual insurer and the insurance market in Ukraine, approved within the regulatory impact and determining financial security is not considered that hinders the practice of providing threats identification. To achieve the objectives author used the following methods: analysis and synthesis, logic synthesis, hierarchy analysis method. Methodological basis of the study is insurance theory and insurance concepts.As a result the aim of research was achieved, namely the priority groups of indicators for threats identification to the financial …

AAS "BTA Baltic Insurance Company" zīmola attīstības vadīšanas pilnveidošanās.

2018

Latvijas Universitātes, Biznesa, vadības un ekonomikas fakultātes, Vadībzinātes nodaļas, „Vadības zinību” maģistra studiju programmas, „Stratēģiskās vadīšanas un līderības” apakšprogrammas pilna laika studiju klātienes 2. kursa studente Dita Rutka (turpmāk, darba autore) laika posmā no 2018. gada februāra līdz 2018. gada jūnijam ir izstrādājusi maģistra darbu ar nosaukumu „AAS „BTA Baltic Insurance Company” zīmola attīstības vadīšanas pilnveidošanās” sociālo zinātņu maģistra grāda iegūšanai vadībzinātnē. AAS „BTA Baltic Insurance Company” vadība pēc 2017. gada 29. maija notikušās zīmola vizuālās identitātes maiņas joprojām nav noslēgusi zīmola popularizēšanas kampaņu, līdz ar to darba autor…