scholarly journals Effective Factors on Life Insurance Profitability (Case Study: Iranian Insurance Companies)

2019 ◽  
Vol 07 (02) ◽  
pp. 546-555
Author(s):  
Omid Ahan Chideh ◽  
Ali Sorayaei
Keyword(s):  
Life Insurance ◽  
Insurance Companies ◽  
Effective Factors

scholarly journals Model migration and rough edges: British actuaries and the ontologies of modelling

2019 ◽  
Vol 50 (1) ◽  
pp. 121-144 ◽  
Author(s):  
Arjen van der Heide
Keyword(s):  
Life Insurance ◽  
Real World ◽  
Insurance Industry ◽  
Turn Of The Century ◽  
Insurance Companies ◽  
Financial Instruments ◽  
No Arbitrage ◽  
Model Migration ◽  
Risk Neutral

The existing literature on modelling provides two main ways of viewing model migration: a modular view, which seeks to decompose models in their constitutive elements, and thus provides a view on what it is that migrates; and a practice-based view, which focuses on modelling as an activity, and understands a model as intricately entangled with its context of use. This article brings together these two sensitivities by focusing on ontologies of modelling. The paper presents a case study of the appropriation of modern finance theory’s ‘no-arbitrage’ models by British actuaries – a process that gradually unfolded at around the turn of the century and led to significant friction within the UK’s insurance industry. We can distinguish two main modelling ontologies: a ‘risk-neutral ontology’, which underpins no-arbitrage models and holds that the value of financial instruments is determined by ‘arbitrage’; and, a ‘real-world ontology’, which assumes that the economic world consists of real probabilities that may be approximated through a combination of archival-statistical methods and expert judgment. The appropriation of the risk-neutral modelling ontology was made possible by the declining legitimacy of actuarial expertise as ‘financial stewards’ of life insurance companies. The risk-neutral modelling ontology provided an ‘objective’ alternative to the traditional actuarial models, which explicitly required actuaries to make ‘prudent’ judgments. Despite the fact that the no-arbitrage modelling was considered an ‘objective’ affair, the valuation models that insurers use today are strongly shaped by political compromises, a result of the ‘rough edges’ of models.

scholarly journals Measuring the Financial Health Performance of Life Insurance Company in Indonesia: Case Study During the Period of Before and After the Implementation of Peraturan Otoritas Jasa Keuangan, Nomor 71 /Pojk.05/2016

2019 ◽  
Vol 3 (2) ◽  
pp. 64-71
Author(s):  
Wiwiek Mardawiyah Daryanto ◽  
Wawan Rahardianto
Keyword(s):  
Life Insurance ◽  
Financial Services ◽  
Descriptive Analysis ◽  
Insurance Companies ◽  
Insurance Company ◽  
Financial Health ◽  
Life Insurance Company ◽  
Health Performance ◽  
Before And After

Insurance is simply a risk management by transferring the risk of potential loss to an insurance company. By allowing risk to be spread among a large group of people, everyone will take benefits from insurance. Therefore, selecting strong insurance company is important to make sure that your sum assured or claim will be paid according to the policy term and condition. This research aims to measure, analyze, and compare the financial health performance of public listed life insurance companies in Indonesia namely PT Prudential Life Assurance (PLA) and PT AIA Financial (AIA) from 2013 to 2018 (temporary unaudited) by using 5 financial health aspects such as Solvability Level, Technical Reserve, Investment Adequacy, Equity and Guarantee Fund as regulate by The Financial Services Authority (Otoritas Jasa Keuangan – OJK) through POJK No.71/POJK.05/2016. This research is using descriptive analysis and paired t-test to validate the differences of financial aspects during the period of before (2013-2015) and after (2016-2018) the regulation issued. The results of this study show that PLA was performing the best for solvability level, equity and guarantee fund. And PLA must enhance the performance strategy for technical reserve by gaining more premium reserves, reserve claims, reserves on PAYDI and for investment adequacy need to add more non-investment cash saving in banks reserve with the adequacy amount higher than PLA technical reserves.

scholarly journals Application of customisation and personalisation in digital solutions of the non-life insurance market: a case study of Lithuanian, Latvian and Estonian e-sales platforms

2021 ◽  
Vol 13 (2) ◽  
pp. 68-82
Author(s):  
Gedas Baranauskas
Keyword(s):  
Life Insurance ◽  
Practical Knowledge ◽  
Single Case ◽  
Point Of View ◽  
Insurance Market ◽  
Insurance Companies ◽  
Theoretical Concepts ◽  
Baltic Countries ◽  
The Baltic

Abstract The Baltic non-life insurance market has not only continued recording a dynamic premium growth in the past three years but also has shown a significant transition to digital technologies and solutions. Here, the development of customised insurance products and systems, assessment of claims, and creation of personalised customer experience can be considered best practices in the application of theoretical concepts and, accordingly, require continuous studies from a scientific point of view. Therefore, the following research aims to present an as-is status of existing solutions of digital insurance platforms in Baltic countries and to clarify their compatibility with customisation, personalisation, and value co-creation features at the practical product and functional levels. Accordingly, a case-study method following a combination of a descriptive embedded single-case design and the state-of-the-art method was applied in the analysis of the non-life insurance market, its e-channel environment, and platforms of three Baltic countries — Lithuania, Latvia, and Estonia. The multidimensional assessment matrix has been designed to present the results of the case study analysis on the practical product and functional levels. Research results refer to an assumption that ideas and methods of Mass Customisation and Mass Personalisation concepts, as well as their combination with digital solutions, penetrate the analysed part of the non-life insurance market in the Baltic countries and result in a mutually useful outcome for insurance companies and end-users. The paper contributes to further theoretical investigation of digitalisation and digital transformation of the non-life insurance market in the Baltic countries, as well as the development of practical knowledge in combined management and IT solutions application.

The Effect of Investments and Risk Based Capital (RBC) of Tabarru Funds on Company (Case Study of Sharia Insurance in Indonesia for 2014-2019)

2020 ◽  
Vol 8 (1) ◽  
pp. 87-97
Author(s):  
Nana Diana ◽  
Tati Apriani
Keyword(s):  
Life Insurance ◽  
Statistical Tests ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Insurance Companies ◽  
Coefficient Of Determination ◽  
Verification Method ◽  
Investment Returns ◽  
The Government

This study aims to examine the influence of investment returns and Risk Based Capital (RBC) Tabarru Funds to the profit of sharia life insurance in Indonesia from 2014-2019. This study The type of this research is quantitative research with descriptive verification as a method. This research method uses descriptive verification method with quantitative approach. The data used in this study were sourced from the financial statements of Islamic life insurance companies in Indonesia for the 2014-2019 period. Then the data obtained were analyzed using multiple linear regression analysis and hypothesis testing consisting of t test and f test with the help of SPSS 21 software. The sampling technique uses non probability sampling with purposive sampling technique. Based on the results of the study it can be seen that the development of investment returns on Sharia Life Insurance in Indonesia has fluctuated and even suffered losses. While the development of Risk Based Capital (RBC) has increased and decreased but overall above 120% as determined by the government. Likewise, the profits earned in each year fluctuate. The results of statistical tests show that investment results partially have a positive effect on profit and Risk Based Capital (RBC) of Tabarru funds partially has a negative effect on profit. Simultaneously investment return and Risk Based Capital (RBC) affect on profit. In addition, the results of the coefficient of determination (R2) were obtained which obtained a value of 81%. This shows that the variable investment returns and Risk Based Capital (RBC) can affect earnings by 81% and the remaining 19% is influenced by other variables not used in this study.

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