scholarly journals Pandemic Crisis: Malaysian Takāful Market

2021 ◽  
Vol 8 (Special Issue) ◽  
pp. 387-400
Author(s):  
Nur Farhah Mahadi ◽  
Azman Ismail
Keyword(s):  
Financial Market ◽  
Life Insurance ◽  
Preventive Measures ◽  
Positive Impact ◽  
Human Life ◽  
Qualitative Approach ◽  
Insurance Market ◽  
Adequate Response ◽  
Catastrophic Risks ◽  
Solvency Capital

With the progressive number of COVID-19 cases, this pandemic has adversely impacted the Takāful market in different forms containing liquidity impact, financial market volatility and solvency capital. This study describes the Malaysian takāful and insurance market throughout the COVID-19 crisis as well as its response to alleviate the burden faced by policyholders/ certificate holders of life insurance and family takāful plans from the economic and Sharīʽah point of views. Qualitative approach is applied in this study to collect information, documents and data accordingly concerning to the topic discussed. The data will be explored using qualitative content, narrative, and discourse analysis to deliver its results and discussion. By understanding the precarious scenario of the Malaysian takāful and insurance market during the COVID-19 pandemic, we can further enhance the support to the regulator who has taken the initiative to direct the insurance and takāful industry to initiate adequate response to facilitate policyholders/ certificate holders during the outbreaks and decide what the best way forward would be as aligned with Maqāṣid al-Sharīʽah. This will ensure its positive impact in the Takāful market, not only to nurture sustainability in our ecosystem, stabilize the socio-economic but to safeguard policyholders/certificate holders accordingly so they could withstand pre, present and post pernicious outbreaks and pandemics. This study inspires Takāful practitioners, policyholders/ certificate holders, academicians, and the society to recognise the importance of takaful industry and it’s preventive measures to avoid takāful loss in this swift spread of COVID-19 comprising catastrophic reserves by takāful operators to mitigate adverse catastrophic risks to human life, and building a more humanising takāful which is in tandem with Maqāṣid al-Sharīʽah that attracts more potential policyholders/ certificate holders.

scholarly journals Trust – the Intangible Asset of Policyholder Behavior on Insurance Market

2016 ◽  
Vol 63 (s1) ◽  
pp. 125-136 ◽  
Author(s):  
Gabriela-Mihaela Mureşan ◽  
Gabriel Armean
Keyword(s):  
Life Insurance ◽  
Financial Services ◽  
Positive Impact ◽  
Multiple Correspondence Analysis ◽  
Insurance Market ◽  
Insurance Companies ◽  
Intangible Asset ◽  
Computer Assisted ◽  
Initial Sample

Abstract Our analysis aims to identify the typology of consumers’ behavior on insurance market. The initial sample consisted of 1579 individuals who were randomly selected by Metro Media Transilvania (MMT) with the Computer-Assisted Telephonic Interview (CATI) method. Using the Multiple Correspondence Analysis (MCA) and logistic regression, we are showing that higher levels of trust, pleasant experiences, income and education have a positive impact on insurance development. This theoretical approach is relatively new as there are no specialized studies to investigate the intangible asset in insurance companies in Romania’s case. This article should help the insurers to understand the role of trust and the importance of pleasant experiences in selling financial services such as life insurance and voluntary private pension.

scholarly journals Consumer protection policy in the Polish life insurance market in the aspect of current legal regulations

2019 ◽  
Vol 16 (4) ◽  
pp. 168-180
Author(s):  
Anna Ostrowska-Dankiewicz
Keyword(s):  
Financial Market ◽  
Life Insurance ◽  
Insurance Market ◽  
Legal Regulations ◽  
Insurance Policy ◽  
Policy Model ◽  
Protective Actions ◽  
Consumer Safety ◽  
Regulatory Standards ◽  
Practical Implications

The paper presents the phenomenon occurring in recent years on the Polish life insurance market, which enforced corrective protective actions by investment consumers of insurance products. The essence and assumptions of the new financial market paradigm are discussed, presenting the process of changes in supervisory and regulatory standards, adopted and implemented strategies in the development of protective policy together with the review of the most important legal regulations, solutions in terms of increasing product transparency and creating a new life insurance policy model to highlight pro-consumer activities. The practical implications of the study are grounded on the analysis of main problems of life insurance market in Poland and indicate the possibilities of applying appropriate solutions in the field of insurance distribution based on the latest legal regulations, recommendations and consumer needs, setting new standards and practices that raise the level of consumer safety, and in the future can become a possibility for development of the investment products market.

scholarly journals An Analysis on the Implementation for Covid-19 Vaccine Program in Bogor City Indonesia

2021 ◽  
Vol 1 (1) ◽  
pp. 27-38
Author(s):  
Dessy Yuliarty
Keyword(s):  
Literature Review ◽  
Human Resources ◽  
Social Economic ◽  
Positive Impact ◽  
Human Life ◽  
Qualitative Approach ◽  
The Real ◽  
The Public ◽  
Health Institutions ◽  
The Government

The covid-19 outbreak has been impacted the foundation of human life that encompasses social, economic, political, and environmental including in Bogor city. Bogor government efforts have been undertaken to ameliorate this condition but yet no significant improvement to stop this pandemic. However, the Covid-19 vaccine program initiated by the government has given a positive impact to reduce the positivity rate in Bogor city. Although there are some issues this vaccine program continues to sustain amid uncertainties. This paper, therefore, aims to explore some implementation of the Covid-19 vaccine program in Bogor city and analyze its impact on the positivity rate of Covid-19. To meet this objective, this paper employs a qualitative approach through literature review to unveil the real implementation of the vaccine program in Bogor city. This paper finds that the vaccine program of Covid-19 has not been able to stop completely the Covid-19 outbreak. There are some problems such as literacy and perception of the public towards this vaccine program, the availability of human resources to support this program, and lastly lack of sufficient funds to succeed this vaccine program. This paper implies that hospitals, clinics, and other health institutions must be supported by proper regulation to enhance vaccine programs particularly to provide qualified human resources since the positivity rate tend to increase and sufficient fund in the form of incentives for medical employees.

The French Life Insurance Market

1975 ◽  
Vol 21 (02) ◽  
pp. 194-205
Author(s):  
A. Wrigley
Keyword(s):  
Life Insurance ◽  
Human Life ◽  
Insurance Market ◽  
Louis Xiv ◽  
Finance Minister ◽  
Lump Sum ◽  
The Individual

The origin of savings connected with human life was not a particularly happy one in France. A certain Neapolitan named Lorenzo Tonti submitted to Mazarin, the Finance Minister of ‘Sun King’ Louis XIV, a savings plan, the profits from which would help to replenish the sadly depleted royal coffers of this grandiose monarch. The plan was called a ‘Tontine’ after its originator and provided for a lump sum to be divided amongst the survivors of those who had contributed after a period of say 10 to 15 years. The ‘sales psychology’ was good as the individual is normally of the opinion that he will outlive his contemporaries. Unfortunately the results were disastrous as Parliament refused to ratify the royal edict of 1653 and Mr Tonti was clapped in the Bastille.

Development of insurance market in Slovak Republic and Czech Republic

2016 ◽  
Vol 17 (4) ◽  
pp. 0-0
Author(s):  
Jana Masárová ◽  
Eva Ivanová
Keyword(s):  
Czech Republic ◽  
Financial Market ◽  
Life Insurance ◽  
Social Factors ◽  
Slovak Republic ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Markets ◽  
National Insurance ◽  
Number Of Factors

National insurance market, which is part of the financial market is influenced by number of factors of national economy and the global economic environment. Czech Republic and Slovakia were until 1993 part of one state, after the split, both insurance markets of independent republics under the influence of various economic and social factors started to develop differently. The aim of this article is to identify commonalities and differences in the development of insurance markets in Slovakia and Czech Republic through a comparison of selected indicators. The analysis focuses on the following indicators of the insurance market: the number of commercial insurance companies, the share of life insurance premiums written on the insurance market and the concentration calculated according to the Herfindahl – Hirschman Index. Selected indicators are observed for the period during 2004 – 2014.

Knowledge and awareness about MERS-CoV among the dental students in Chennai

2020 ◽  
Vol 11 (SPL1) ◽  
pp. 847-851
Author(s):  
Nithyanandham Masilamani ◽  
Dhanraj Ganapathy
Keyword(s):  
College Students ◽  
Large Scale ◽  
Preventive Measures ◽  
Positive Impact ◽  
Educational Programs ◽  
Dental Students ◽  
Professional Organizations ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Mode Of Transmission

Middle East Respiratory Syndrome (MERS) induced by new ß coronavirus MERS-(CoV) had first been described in Saudi Arabia in September 2012. MERS-CoV communication inside the population is often identified with clustered households and cramped communal spaces. The purpose of the study is to assess the knowledge and awareness of MERS-CoV among dental students in India. This was a questionnaire-based cross-sectional survey of 100 dental college students in Chennai. The self-designed questionnaires contained ten questions focused on the knowledge and awareness of MERS-CoV amongst dental college students. Questionnaires were circulated through an online website survey planet. After the responses were received from 100 participants, data were collected and analyzed, .87% are aware of MERS-CoV through media 13% from professional channels. 84%are aware of the clinical manifestation of MERS-CoV. 81%Are aware of the mode of transmission of MERS-CoV. 76%are aware of the preventive measures against MERS -CoV.68%. Are aware of the incubation period of MERS-CoV. 74%aware of PCR as a diagnostic test for MERS-CoV. This study concluded that dental students had strong awareness and knowledge of MERS. Also, there are a few differences in information and behaviours that require change. Large-scale health educational programs on MERS also should be facilitated by professional organizations to expand their reach and to strengthen knowledge to have a positive impact on their behaviour.

TURN-OVER GURU PADA MADRASAH ALIYAH NAHDLATUL ULAMA

1970 ◽  
Vol 13 (1) ◽  
Author(s):  
Mochamad Iskarim
Keyword(s):  
Data Collection ◽  
Negative Impact ◽  
Positive Impact ◽  
New Teacher ◽  
Qualitative Approach ◽  
Depth Interview ◽  
Nahdlatul Ulama ◽  
Turn Over ◽  
Interview Questionnaire ◽  
Collection Methods

Penelitian ini dimaksudkan untuk mengetahui dampak positif dan negatif dari adanya pergantian (turn-over) guru di Madrasah Aliyah Nahdlatul Ulama Banyuputih kabupaten Batang. Penelitian inimenggunakan pendekatan kualitatif deskriptif analitis dengan metode pengumpulan data berupa wawancara mendalam, angket, dan dokumentasi. Hasil penelitian menunjukkan adanya turn-over yang tinggi pada guru atau pendidik di madrasah tersebut; keuntungan yang bersifat positif justru didapatkan ketika adanya turn-over guru dibandingkan dampak negatifnya; dan kehadiran guru baru menjadi hal yang sangat disukai oleh siswa dalam hal kreativitas, inovasi pembelajaran, motivasi, dan lain sebagainya.The aims of this research were to know the positive and negative impact of teacher turn over at Madrasah Aliyah Nahdlatul Ulama Banyuputih Kabupaten Batang. This research was use analytical descriptive qualitative approach with depth interview, questionnaire and documentation as data collection methods. The results of this research shows that the positive impact occur more than the negative impact when there was teacher turn over; and the presence of a new teacher become student’s favourite on creativity, learning innovation, and motivation aspects.

Polish Insurance Market Compared to Selected European Countries in the Years 2000-2010

2012 ◽  
Vol 7 (2) ◽  
pp. 229-238
Author(s):  
Justyna Witkowska
Keyword(s):  
Financial Market ◽  
European Countries ◽  
Insurance Market

This paper presents the insurance market in Poland and selected European countries. The most important parameters characterising this segment of the financial market were used. The premiums written, population and GDP were analysed to outline the major changes occurring among the insurers operating in Poland and the CEA1 member countries. 

Regulatory Adverse Selection in the Life Insurance Market

2004 ◽  
Author(s):  
Mattias K. Polborn ◽  
Michael Hoy ◽  
Asha Sadanand
Keyword(s):  
Adverse Selection ◽  
Life Insurance ◽  
Insurance Market
Sign in / Sign up

Export Citation Format

Share Document