Board Characteristics and Profit Efficiency in the United Kingdom Life Insurance Industry

2011 ◽  
Author(s):  
Philip Hardwick ◽  
Mike Adams ◽  
Hong Zou
Keyword(s):  
United Kingdom ◽  
Life Insurance ◽  
Insurance Industry ◽  
Profit Efficiency ◽  
Board Characteristics ◽  
The United Kingdom ◽  
Life Insurance Industry

The Effects of Solvency Margins on U.K. Life Companies.

1987 ◽  
Vol 30 ◽  
pp. 67-96
Author(s):  
W. P. May ◽  
K. J. Newbury
Keyword(s):  
United Kingdom ◽  
Life Insurance ◽  
Insurance Industry ◽  
Point Of View ◽  
Financial Position ◽  
Life Insurance Industry ◽  
Full Effect ◽  
Financial Consequences ◽  
Effective Life

The requirement for a United Kingdom life office to hold solvency margins in addition to its normal actuarial reserves took full effect on 15 March 1984. At the time of writing, solvency margins for U.K. life offices have therefore had an effective life of under two years. Before the introduction of the regulations, many comments were made within the life insurance industry about the effects which the introduction of the life solvency margins would have on the financial position of U.K. life offices. This therefore seems an appropriate time to reflect on the theoretical financial consequences of solvency margins from the point of view of a U.K. life company, and comment on the practical effects which have been observed to date.

scholarly journals DOES OWNERSHIP STRUCTURE MATTER? A COST EFFICIENCY STUDY OF LIFE INSURANCE FIRMS IN INDONESIA

2019 ◽  
Vol 22 (3) ◽  
pp. 367-382
Author(s):  
Riski Wicaksono ◽  
Dr. Tri Mulyaningsih
Keyword(s):  
Life Insurance ◽  
Joint Venture ◽  
Cost Allocation ◽  
Insurance Industry ◽  
Cost Model ◽  
Profit Efficiency ◽  
Life Insurance Industry ◽  
Cost Efficient ◽  
Using Data ◽  
Mean Cost

This paper is about the cost and profit efficiency of Indonesia’s life insurance industry. Using data from 2010–2014, we compare cost and profit efficiency among local and joint venture insurers. Our empirical analysis, based on a time-invariant translog cost model, reveals mean cost allocation and profit efficiency scores of 0.36 and 0.52, respectively. Interestingly, we find that domestic insurers are more cost efficient compared to joint venture insurers; however, joint venture insurers maximize profit more.

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