(A Study on the Relationship between Risk of Guarantee Insurance Industry and Systemic Risk)

2015 ◽  
Author(s):  
Seungyeon Won ◽  
Kiyoung Lee
Keyword(s):  
Systemic Risk ◽  
Insurance Industry ◽  
The Relationship ◽  
Guarantee Insurance

Competition, Regulation, and Stability in Banking: Theory and Evidence

2016 ◽  
Author(s):  
Xavier Vives
Keyword(s):  
Risk Taking ◽  
Systemic Risk ◽  
Banking Sector ◽  
Regulatory Reform ◽  
Reform Process ◽  
Subprime Crisis ◽  
Empirical Perspective ◽  
The Relationship ◽  
Excessive Risk Taking ◽  
Excessive Risk

This chapter examines the relationship between competition and stability in the banking sector both from a theoretical and from an empirical perspective. It considers the competition–stability link from the standpoint of fragility both because of runs and because of excessive risk taking, along with the available evidence assessing how competition relates to systemic risk and how deregulation is associated with risk taking. It also explores the connection between market structure, consolidation, and internationalization and how it affects stability. Lessons from the subprime crisis are derived. The result of the analysis is to characterize the competition–stability trade-off, how regulation can alleviate it, and the need to coordinate competition policy and prudential regulation. The chapter concludes with a discussion of the regulatory reform process in the banking industry after the 2007–2009 crisis.

Understanding Outsourcing of Web-Based Applications in Organizations

2011 ◽  
pp. 171-187
Author(s):  
Teuta Cata
Keyword(s):  
Organizational Structure ◽  
Web Site ◽  
Insurance Industry ◽  
Organizational Structures ◽  
Insurance Companies ◽  
Organizational Size ◽  
Online Activity ◽  
Web Based ◽  
Development Approach ◽  
The Relationship

This article has investigated the insurance industry and provided insights into the relationships of organizational size and age with outsourcing and organizational structure. Also, this study investigated the relationship between Web site age, outsourcing, and organizational structure. The main findings are that firm size and maturity is related to the decision of Web-based development approach and the best organizational structure to support online activity. The insights obtained by a new variable: Web site age suggests that insurance companies are trying to develop their Web-based activities within their existing organizational structures, rather than creating new e-commerce divisions.

Modeling team performance from the perspective of politics and ethical leadership

2019 ◽  
Vol 48 (5) ◽  
pp. 1357-1380
Author(s):  
Chieh-Peng Lin ◽  
Na-Ting Liu ◽  
Chou-Kang Chiu ◽  
Kuang-Jung Chen ◽  
Ni-Chen Lin
Keyword(s):  
Social Exchange ◽  
Team Performance ◽  
Ethical Leadership ◽  
Insurance Industry ◽  
Team Identification ◽  
Content Type ◽  
Member Exchange ◽  
Performance Development ◽  
Indirect Relationship ◽  
The Relationship

Purpose The purpose of this paper is to develop and test a model of team performance by applying social exchange and social capital perspectives in a single model setting. It hypothesizes that team performance is indirectly affected by politics through leader–member capitalization (LMC) and by ethical leadership through leader–member exchange (LMX). Meanwhile, team identification is hypothesized to moderate the relationships between politics and LMC and between ethical leadership and LMX. Design/methodology/approach The hypotheses of this study were empirically tested using a survey of work teams from the banking and insurance industry in Taipei, Taiwan. Findings The relationship between team performance and ethical leadership is fully mediated by LMX, while the indirect relationship between team performance and politics is mediated via both LMC and LMX. Team identification positively moderates the relationship between ethical leadership and LMX. Originality/value This study is one of the few to examine the mediating roles of LMC and LMX simultaneously in team performance development. This study provides several key findings that complement the existing literature by evaluating fresh associations among LMC, LMX and their determinants and moderator.

LIFE INSURANCE AND PENSION CONTRACTS II: THE LIFE CYCLE MODEL WITH RECURSIVE UTILITY

2015 ◽  
Vol 46 (1) ◽  
pp. 71-102 ◽  
Author(s):  
Knut K. Aase
Keyword(s):  
Life Cycle ◽  
Portfolio Choice ◽  
Life Insurance ◽  
Insurance Industry ◽  
Life Time ◽  
Recursive Utility ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Pension Insurance ◽  
The Relationship

AbstractWe analyze optimal consumption and pension insurance during the life time of a consumer using the life cycle model, when the consumer has recursive utility. The relationship between substitution of consumption and risk aversion is highlighted, and clarified by the introduction of this type of preferences. We illustrate how recursive utility can be used to explain the empirical consumption puzzle for aggregates. This indicates a plausible choice for the parameters of the utility function, relevant for the consumer in the life cycle model. Optimal life insurance is considered, as well as the portfolio choice problem related to optimal exposures in risky securities. A major finding is that it is optimal for the typical insurance buyer to smooth adverse shocks to the financial market, unlike what is implied by the conventional model. This has implications for what type of contracts the life and pension insurance industry should offer.

The Moderating Effect of Supervisory Support on the Self-Efficacy Work-Performance Relationship

1998 ◽  
Vol 28 (3) ◽  
pp. 164-173 ◽  
Author(s):  
Kim Ballantine ◽  
Christopher G. Nunns
Keyword(s):  
Self Efficacy ◽  
Work Performance ◽  
Insurance Industry ◽  
Moderating Effect ◽  
The Self ◽  
Work Output ◽  
Supervisory Support ◽  
Output Measure ◽  
The Relationship ◽  
Rated Performance

The present study examined the moderating effect of supervisory support on the relationship between self-ratings of self-efficacy and two measures of work performance, namely supervisor-rated performance and a work-output measure. Research was conducted within the South African life insurance industry on a sample of broker consultants (sales promotional staff) ( n = 70 subjects) over a three-month period. Past research found a positive relationship between high self-efficacy and work performance. However, such research did not take account of the influence of leadership factors. It was hypothesised that effective supervisory support would facilitate the attainment of higher levels of performance. Therefore, it was hypothesised that supervisory support should moderate the self-efficacy work performance relationship, particularly in the case of low self-efficacy. As hypothesised, it was found that supervisory support moderated the relationship between self-efficacy and supervisor-rated performance. Performance was highest when low levels of self-efficacy occurred together with high supervisory support. However, supervisory support did not moderate the relationship between self-efficacy and the work-output measure of performance. Limitations of the study, as well as theoretical and practical implications are considered.

scholarly journals Roles of Job Satisfaction in Ensuring Quality of Working Life

2013 ◽  
Author(s):  
Rozaini Rosli ◽  
Norailis Ab. Wahab
Keyword(s):  
Job Satisfaction ◽  
Organizational Support ◽  
Insurance Industry ◽  
Core Competencies ◽  
Working Life ◽  
Influential Factors ◽  
Quality Of Working Life ◽  
Global Trends ◽  
The Relationship

At present many companies around the world are struggling to meet the challenges presented by the organization’s global trends. The workforce has been continuously reminded of the competitiveness and increasing productivity in ensuring better working life. Not forgetting to balance the routines, job satisfaction needs also to be deliberated in any organization. In the current business scenario, the workforce in Malaysia has often been called to acquire core competencies and maintain their competitiveness in a liberalized and globalized market. Further, with the implementation of various policies pertinent to employment including the retirement age and minimum wages, the workplace is no more a pleasant place. Workers need to be more innovative, creative and talented to sustain employment. For such reasons, this paper attempts to examine the relationship between organizational support and job satisfaction in the insurance industry. The results showed that satisfaction with the job (M = 3.68); successful people, directed or influenced by its own commitment to achieve organizational goals (M = 3.55); know and understand the policies and processes to do their job better (M = 3.54). This result is important in that it clearly shows that the relationship between job satisfaction and organizational support are intertwined and closely related to organization performance. This paper proposed a practical model that helps management or decision-makers to highlight the most influential factors that influence the quality of employees’ working life in their organizations.   Keywords: Job satisfaction, quality of working life, insurance industry.

scholarly journals Consumer Extremism in the Insurance Market: Problem Statement

2021 ◽  
Vol 31 (3) ◽  
pp. 374-381
Author(s):  
Marina Stepanova
Keyword(s):  
Social Economic ◽  
Insurance Industry ◽  
Legal Aspects ◽  
Insurance Market ◽  
Problem Statement ◽  
Financial Position ◽  
The Relationship

Consumer extremism has recently taken the form of a mass phenomenon, gradually penetrating into the insurance industry. Since it negatively affects not only the reputation and financial position of individual insurers, but also the development of the insurance market as a whole, the task of finding ways to counteract the facts of unfair behavior of consumers of services is becoming urgent. It should be borne in mind that consumer extremism is a complex, multifaceted phenomenon: it has legal, and at the same time social, economic, psychological foundations, motives and consequences. Therefore, it is extremely important to go beyond the purely legal aspects in this research. In this regard, the purpose of the work was to identify the most significant aspects in the study of consumer extremism as a phenomenon that takes place in the insurance market. As a result of the study, we came to the conclusion that it is necessary to take into account both the consumer's polysubject connections, which arise in the insurance market, and the multidisciplinary ones, which are formed within a particular insurance transaction. When assessing a possible area of relations where consumer extremism can manifest itself, we should take into account all scenarios of consumer’s activity from the passive one, in which the relationship does not go beyond the «policyholder — insurer», to the proactive one, when representatives of the insurance infrastructure are involved in the relationship. In the result a set of measures has been offered which would help prevent consumer extremism cases while implementing insurance relationships.

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