scholarly journals A Case Study on the Entry Strategies of Property and Casualty Insurance Companies in Japan for Lloyd’s Market

2015 ◽  
Vol null (47) ◽  
pp. 427-444
Author(s):  
SungKyung Ryu
Keyword(s):  
Insurance Companies ◽  
Entry Strategies ◽  
Property And Casualty Insurance

Searching Dimensions and Directions for Digital Innovations Within the Insurance Industry

2021 ◽  
Vol 12 (2) ◽  
pp. 63-89
Author(s):  
Heini Hyttinen ◽  
Hannu Kalevi Kivijärvi ◽  
Anssi Öörni
Keyword(s):  
Insurance Industry ◽  
Principal Component ◽  
Knowledge Synthesis ◽  
Insurance Companies ◽  
Process Automation ◽  
Structured Interviews ◽  
Organizational Capability ◽  
Pension Insurance ◽  
Digital Innovation

Discovery of digital innovations is a key organizational capability for sustaining competitive advantage. Despite its importance, discovery of digital innovations is still ill understood. In this paper, the authors seek to provide a theory-based practice for digital innovation discovery. To meet this objective, they source the theories of knowledge and knowledge combination. Data for this case study were collected through semi-structured interviews and a quantitative questionnaire from three pension insurance companies. The data were analyzed by using principal component analysis and by constructing biplots based of the results. Two significant dimensions in the digitalization needs that guide knowledge synthesis were recognized: the importance of adopting the enabler and the volume of resources needed to adopt the enabler. A closer look at the enablers revealed that the most business-critical current digital business enablers for the pension insurance industry are business process automation, online services, and big data.

scholarly journals Hlutverk vátryggingafélaga við úrlausn umhverfislegra vandamála

2015 ◽  
Vol 11 (1) ◽  
pp. 87
Author(s):  
Lára Jóhannsdóttir ◽  
Snjólfur Ólafsson ◽  
Brynhildur Davíðsdóttir
Keyword(s):  
Environmental Issues ◽  
Insurance Companies ◽  
Group Differences ◽  
Faroe Islands ◽  
Loss Prevention ◽  
Insurance Sector ◽  
Climate Policies

The purpose of this paper is to discuss the role of insurance companies in solving environmental issues. Environmental issues we now face are many of such magnitude and severity that it is not just up to governments or heavy polluting companies to deal with them, everyone needs to contribute including authorities, institutions, corporations and individuals. Insurance systems differ between countries, but due to the size of the insurance sector and integration with almost every aspect oft society, insurers can be a powerful ally when it comes to implementing environment and climate policies of authorities. The article is based on a Ph.D. research of one of the authors which conducted a multi-case study of 16 Nordic insurance companies in the Åland Islands, Faroe Islands, Iceland, Denmark, Finland, Norway, and Sweden. The companies are divided into two case groups; the Islands group and the Mainland group. Differences in actions/inactions were evident between the case groups, meaning that most of the examples used are from the Mainland group. The environmental and climate change focus areas of the Mainland group are 1) products and services, 2) loss prevention and claim settlement, 3) investments, 4) companies own operation, 5) follow-up, and 6) insurers as a driving force of actions. In case of the Islands companies they mainly focus on loss prevention and few factors that affect their daily activities. Theoretical and practical contribution of the study is to highlight the role and contribution of insurance companies in dealing with environmental issues.

scholarly journals Evaluation of the Relationship between Personality and Conservatism of Investors in the Stock Exchange (Case Study: Insurance Companies)

2021 ◽  
Vol 8 (SPE3) ◽  
Author(s):  
Mahsa Mohseni
Keyword(s):  
Significant Relationship ◽  
Stock Exchange ◽  
Pearson Correlation ◽  
Simple Random Sampling ◽  
Insurance Companies ◽  
Statistical Population ◽  
Pearson Correlation Test ◽  
Correlational Method ◽  
The Relationship

The purpose of this research to "investigate the relationship between personality and conservatism of investors of insurance companies listed on the Tehran Stock Exchange." The present study was applied research in terms of purpose, which has employed a descriptive and correlational method. The statistical population of this research included all people who buy and sell shares of insurance companies listed on the Tehran Stock Exchange. According to Cochran's formula, the sample size was determined as much as 384 people collected by a simple random sampling method. The research instruments were the Conservative Questionnaire based on the Gribel and Leighton (1999) and McCrae and Costa (1985) five-factor personality questionnaire. The questionnaire’s validity was confirmed by 20 experts, and the reliability of all three questionnaires was acceptable for all three questionnaires due to Cronbach's alpha above 0.79. The data analysis was conducted using the Pearson correlation test and regression analysis. The results indicated a significant relationship between the investors’ personality and their conservatism in the Tehran Stock Exchange. There was also a significant relationship between all personality components except for extraversion with the investor’s conservatism in the Tehran Stock Exchange.

scholarly journals Comparing an insurer's perspective on building damages with modelled damages from pan-European winter windstorm event sets: a case study from Zurich, Switzerland

2021 ◽  
Vol 21 (1) ◽  
pp. 279-299
Author(s):  
Christoph Welker ◽  
Thomas Röösli ◽  
David N. Bresch
Keyword(s):  
Open Source ◽  
Return Period ◽  
Model Building ◽  
Information Service ◽  
Source Model ◽  
Insurance Companies ◽  
Risk Models ◽  
Risk Modelling ◽  
Modelling Approach

Abstract. With access to claims, insurers have a long tradition of being knowledge leaders on damages caused by windstorms. However, new opportunities have arisen to better assess the risks of winter windstorms in Europe through the availability of historic footprints provided by the Windstorm Information Service (Copernicus WISC). In this study, we compare how modelling of building damages complements claims-based risk assessment. We describe and use two windstorm risk models: an insurer's proprietary model and the open source CLIMADA platform. Both use the historic WISC dataset and a purposefully built, probabilistic hazard event set of winter windstorms across Europe to model building damages in the canton of Zurich, Switzerland. These approaches project a considerably lower estimate for the annual average damage (CHF 1.4 million), compared to claims (CHF 2.3 million), which originates mainly from a different assessment of the return period of the most damaging historic event Lothar–Martin. Additionally, the probabilistic modelling approach allows assessment of rare events, such as a 250-year-return-period windstorm causing CHF 75 million in damages, including an evaluation of the uncertainties. Our study emphasizes the importance of complementing a claims-based perspective with a probabilistic risk modelling approach to better understand windstorm risks. The presented open-source model provides a straightforward entry point for small insurance companies.

Money laundering influence on financial institutions and ways to retaliate

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Darshan Kumar ◽  
Mark Eshwar Lokanan
Keyword(s):  
Money Laundering ◽  
Financial Institutions ◽  
Insurance Companies ◽  
Board Members ◽  
Content Type ◽  
Upper Management ◽  
Secondary Sources ◽  
Study Approach ◽  
Bank Money

Purpose This paper aims to advance the professional knowledge, experience and expertise of anti-money laundering (AML) professionals by focusing on how money laundering (ML) impacts a variety of financial institutions (FIs) and in what ways the FIs can retaliate to detect, prevent and mitigate the risk of ML. Design/methodology/approach This paper use data from secondary sources. Many FI cases have been included such as a bank money service business (MSB) and insurance companies. Findings There should be a culture of compliance in organizations. Upper management, such as a designated committee or board members, should set the tone of compliance. Money launderers take advantage of every possible opportunity to convert illicit proceeds into clean proceeds with any institution or profession. Originality/value This paper used a case study approach to study the nuances of money laundering activities in various jurisdictions.

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