Regulation Changes And Their Impact On Business Models In The Insurance Industry

Author : Ismail Ismail
Publisher : GRIN Verlag
Page : 113 pages
File Size : 50,9 Mb
Release : 2019-08-08
Category : Business & Economics
ISBN : 9783668995376

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Regulation changes and their impact on business models in the insurance industry by Ismail Ismail Pdf

Doctoral Thesis / Dissertation from the year 2015 in the subject Business economics - Business Management, Corporate Governance, grade: 68.50%, University of Pretoria (GIBS), course: MBA, language: English, abstract: This study will determine how regulation changes have affected business models in the insurance industry, how customers are treated fairly within the insurance industry, and how operational efficiency is achieved despite regulation changes within the insurance industry. The South African short-term insurance industry has been inundated with many competitors attempting to obtain a space for which there is limited market share. Faced with an increase of invasive legislature, the entire industry is devoting a substantial amount of time in advancing this new regulatory regime. Amidst the competitive onslaught and regulatory arbitrage, the underwriting management agencies (UMA’s) are continuously looking for new ways to grow their businesses against the backdrop of a limited distribution channel and an expensive business model. The study was conducted through the use of a survey distributed to UMAs within local insurance companies. The survey contained quantitative questions answerable through a Likert scale. The questions revolved around the effect of regulations on operational efficiency, the Treating Customers Fairly (TCF) initiative, and business model changes in order to accommodate regulatory changes.

Author : Margarida Lima Rego
Publisher : Springer Nature
Page : 265 pages
File Size : 49,7 Mb
Release : 2024-06-26
Category : Electronic
ISBN : 9783031385261

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Cross-Disciplinary Impacts on Insurance Law by Margarida Lima Rego Pdf

Author : Margarida Lima Rego,Simon Grima
Publisher : Springer
Page : 0 pages
File Size : 44,6 Mb
Release : 2024-02-06
Category : Law
ISBN : 303138525X

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Cross-Disciplinary Impacts on Insurance Law by Margarida Lima Rego,Simon Grima Pdf

This book explores the insurance sector’s potential role, influence, and impact on society in light of new environmental, social, and governance (ESG) concerns. Furthermore, it looks into how financial and technological innovations help reshape insurance regulation and business models. Unlike their predecessors, 21st century insurers have a growing impact on cross-sector service provision by making available to their clients a wealth of expert knowledge and experience in data analytics. The book delves into insurers’ transition from suppliers of products – consisting of risk coverage or investment opportunities – to providers of various services, and ultimately to solution providers by partnering with their clients so as to prevent failure, optimize their clients’ operations and help them excel in their economic sector. Insurance regulations and policies can be affected by various factors, such as changes in the economy, technological advances, and shifting consumer preferences, to name a few. Additionally, the insurance industry can have a significant bearing on the wider economy, making it important for the industry to operate within a framework of comprehensive regulations. This book includes a diverse set of theoretical, empirical, and policy-oriented chapters on particular aspects of new trends and wider analyses leading to a more systematic understanding of the industry’s socio-economic role. It offers a mixture of chapters from insurance academics and professionals from different countries, cultures, and scientific backgrounds. The methodologies used are diverse, including legal, sociological, historical, economic and financial as well as interdisciplinary analyses. The book has a global scope, including chapters of a more global nature and others addressing particular jurisdictions on different continents, including Europe, Asia and North America.

Author : Pierpaolo Marano,Kyriaki Noussia
Publisher : Springer Nature
Page : 396 pages
File Size : 43,7 Mb
Release : 2019-12-05
Category : Law
ISBN : 9783030273866

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InsurTech: A Legal and Regulatory View by Pierpaolo Marano,Kyriaki Noussia Pdf

This Volume of the AIDA Europe Research Series on Insurance Law and Regulation explores the key trends in InsurTech and the potential legal and regulatory issues that accompany them. There is a proliferation of ideas and concepts within InsurTech that will fundamentally change the market in the next few years. These innovations have the potential to change the way the insurance industry works and alter the relationships between customers and insurers, resulting in insurance products that are more closely aligned to individual preferences and priced more appropriately to the risk. Increasing use of technology in the insurance sector is having both a disruptive and transformative impact on areas including product development, distribution, modelling, underwriting and claims and administration practice. The result is a new industry, known as InsurTech. But while the insurance market looks to technology for greater efficiency, regulators are beginning to raise concerns about managing potential risks. The first part of the book examines technological innovations relevant for insurance, such as FinTech, InsurTech, Sharing Economy, and the Internet of Things. The second part then gathers contributions on insurance contract law in a digitalized world, while the third part focuses on cyber insurance and robots. Last but not least, the fourth part of the book discusses legal and ethical questions regarding autonomous vehicles and transportation, including the shipping industry, as well as their impact on the insurance sector and civil liability. Written by legal scholars and practitioners, the book offers international, comparative and European perspectives. The Chapters "FinTech, InsurTech and the Regulators" by Viktoria Chatzara, "Smart Contracts in Insurance. A Law and Futurology Perspective" by Angelo Borselli and "Room for Compulsory Product Liability Insurance in the European Union for Smart Robots?” by Aysegul Bugra are available open access under a CC BY 4.0 license at link.springer.com. All three open access chapters were funded by BIPAR.

Author : Wang, John
Publisher : IGI Global
Page : 3296 pages
File Size : 52,9 Mb
Release : 2023-01-20
Category : Computers
ISBN : 9781799892212

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Encyclopedia of Data Science and Machine Learning by Wang, John Pdf

Big data and machine learning are driving the Fourth Industrial Revolution. With the age of big data upon us, we risk drowning in a flood of digital data. Big data has now become a critical part of both the business world and daily life, as the synthesis and synergy of machine learning and big data has enormous potential. Big data and machine learning are projected to not only maximize citizen wealth, but also promote societal health. As big data continues to evolve and the demand for professionals in the field increases, access to the most current information about the concepts, issues, trends, and technologies in this interdisciplinary area is needed. The Encyclopedia of Data Science and Machine Learning examines current, state-of-the-art research in the areas of data science, machine learning, data mining, and more. It provides an international forum for experts within these fields to advance the knowledge and practice in all facets of big data and machine learning, emphasizing emerging theories, principals, models, processes, and applications to inspire and circulate innovative findings into research, business, and communities. Covering topics such as benefit management, recommendation system analysis, and global software development, this expansive reference provides a dynamic resource for data scientists, data analysts, computer scientists, technical managers, corporate executives, students and educators of higher education, government officials, researchers, and academicians.

Author : Nicole V. Crain,W. Mark Crain
Publisher : DIANE Publishing
Page : 95 pages
File Size : 52,8 Mb
Release : 2005
Category : Law
ISBN : 9781437940619

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The Impact of Regulatory Costs on Small Firms by Nicole V. Crain,W. Mark Crain Pdf

This is a print on demand edition of a hard to find publication. The annual cost of federal regulations in the U.S. increased to more than $1.75 trillion in 2008. Had every U.S. household paid an equal share of the federal regulatory burden, each would have owed $15,586 in 2008. While all citizens and businesses pay some portion of these costs, the distribution of the burden of regulations is quite uneven. The portion of regulatory costs that falls initially on businesses was $8,086 per employee in 2008. Small businesses, defined as firms employing fewer than 20 employees, bear the largest burden of federal regulations. This report shows that as of 2008, small businesses face an annual regulatory cost of $10,585 per employee, which is 36% higher than the regulatory cost facing large firms (500+ employees). Ill.

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher : Unknown
Page : 476 pages
File Size : 45,6 Mb
Release : 2008
Category : Electronic
ISBN : PSU:000063513158

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The state of the bond insurance industry by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Pdf

Author : Julian Burling,Kevin Lazarus
Publisher : Edward Elgar Publishing
Page : 933 pages
File Size : 55,7 Mb
Release : 2023-12-11
Category : Law
ISBN : 9781802205893

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Research Handbook on International Insurance Law and Regulation by Julian Burling,Kevin Lazarus Pdf

This thoroughly revised second edition of the Research Handbook on International Insurance Law and Regulation provides an updated assessment of the insurance industry in an international context, featuring 30 chapters, of which half are new for this edition, written by expert academics and practising lawyers.

Author : Mary Awuor Opondo,Dr. Ben Kajwang PhD,Rodrick Koome,Joseph Nzomoi,Akosua Afriyie Osei-Appaw
Publisher : IPR Journals and Book Publishers
Page : 116 pages
File Size : 50,5 Mb
Release : 2023-08-30
Category : Business & Economics
ISBN : 9789914728446

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Green Economics by Mary Awuor Opondo,Dr. Ben Kajwang PhD,Rodrick Koome,Joseph Nzomoi,Akosua Afriyie Osei-Appaw Pdf

TOPICS IN THE BOOK Effects of Institutional Reforms on Financial Sector Development in Selected East Africa Community Member States Determinants of Equilibrium Real Exchange Rate and It’s Misalignment in Kenya 2000-2016: An Autoregressive Distributed Lag Approach Effect of Macroeconomic Factors on Economic Growth in Kenya Wage Determination in the Domestic Services Sector in Kahawa and Githurai Estates in Kiambu County, Kenya

Author : Pierpaolo Marano,Kyriaki Noussia
Publisher : Springer Nature
Page : 439 pages
File Size : 55,6 Mb
Release : 2021
Category : Bank marketing
ISBN : 9783030527389

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Insurance Distribution Directive by Pierpaolo Marano,Kyriaki Noussia Pdf

This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation offers the first comprehensive legal and regulatory analysis of the Insurance Distribution Directive (IDD). The IDD came into force on 1 October 2018 and regulates the distribution of insurance products in the EU. The book examines the main changes accompanying the IDD and analyses its impact on insurance distributors, i.e., insurance intermediaries and insurance undertakings, as well as the market. Drawing on interrelations between the rules of the Directive and other fields that are relevant to the distribution of insurance products, it explores various topics related to the interpretation of the IDD - e.g. the harmonization achieved under it; its role as a benchmark for national legislators; and its interplay with other regulations and sciences - while also providing an empirical analysis of the standardised pre-contractual information document. Accordingly, the book offers a wealth of valuable insights for academics, regulators, practitioners and students who are interested in issues concerning insurance distribution.--

Author : Zhen Jing
Publisher : Taylor & Francis
Page : 1585 pages
File Size : 48,8 Mb
Release : 2021-06-27
Category : Law
ISBN : 9781351122849

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The Regulation of Insurance in China by Zhen Jing Pdf

With the rapid development of China’s insurance industry and the opening of the Chinese insurance market to the world, Chinese insurance law and regulation has become an increasingly relevant topic for insurance practitioners and academics. The Regulation of Insurance in China therefore provides a much needed analysis of the Chinese regulatory system. This is the first systematic text written in English on the regulation of insurance in China and provides a comprehensive and systematic analysis of rules of law and administrative regulations on China’s insurance industry and insurance market, covering four level of regulatory hierarchy − the statutory law, the regulations enacted by the central government (the State Council), the regulations developed by the insurance supervision and regulation authority of the State Council, and self-regulations by the insurance industry. This book is essential reading for insurance companies and legal practitioners looking to do business in China, as well as reference for lawyers practising insurance law. It is also a useful resource for students and academics studying Chinese law.

Author : Felix Hufeld,Ralph S. J. Koijen,Christian Thimann
Publisher : Oxford University Press
Page : 247 pages
File Size : 44,7 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198788812

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The Economics, Regulation, and Systemic Risk of Insurance Markets by Felix Hufeld,Ralph S. J. Koijen,Christian Thimann Pdf

Pt. 1. The economics of insurance and the macroeconomic role of insurance -- What is insurance and how does it differ from general finance? / Christian Thimann -- The macroeconomic role of insurance / Denis Kessler, Amélie de Montchalin, and Christian Thimann -- How the insurance industry manages risk / Denis Duverne and John Hele -- pt. 2. Financial stability and the possibilities of systemic risk -- Risks of life insurers : recent trends and transmission mechanisms / Ralph S.J. Koijen and Motohiro Yogo -- Measuring systemic risk for insurance companies / Viral V. Acharya, Thomas Philippon, and Matthew Richardson -- Measuring interest rate risk in the life insurance sector : the U.S. and the U.K. / Daniel Hartley, Anna Paulson and Richard J. Rosen -- pt. 3. Regulation -- How the insurance industry's asset portfolio responds to regulation / Bo Becker -- Spillover effects of risk regulation on the asset side to asset markets / Andrew Ellul, Chotibhak Jotikasthira, and Christian T. Lundblad -- A regulatory framework for systemic risk in the insurance industry / Felix Hufeld -- pt. 4. Open questions going forward from the insurance sector -- The big questions for the insurance sector : findings from a survey of insurance companies / Luca Pancaldi and Uwe Stegemann

Author : Bloomsbury Publishing
Publisher : A&C Black
Page : 6928 pages
File Size : 51,7 Mb
Release : 2013-09-26
Category : Business & Economics
ISBN : 9781849300643

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QFINANCE: The Ultimate Resource, 4th edition by Bloomsbury Publishing Pdf

QFINANCE: The Ultimate Resource (4th edition) offers both practical and thought-provoking articles for the finance practitioner, written by leading experts from the markets and academia. The coverage is expansive and in-depth, with key themes which include balance sheets and cash flow, regulation, investment, governance, reputation management, and Islamic finance encompassed in over 250 best practice and thought leadership articles. This edition will also comprise key perspectives on environmental, social, and governance (ESG) factors -- essential for understanding the long-term sustainability of a company, whether you are an investor or a corporate strategist. Also included: Checklists: more than 250 practical guides and solutions to daily financial challenges; Finance Information Sources: 200+ pages spanning 65 finance areas; International Financial Information: up-to-date country and industry data; Management Library: over 130 summaries of the most popular finance titles; Finance Thinkers: 50 biographies covering their work and life; Quotations and Dictionary.

Author : Paola De Vincentiis,Francesca Culasso,Stefano A. Cerrato
Publisher : Springer
Page : 447 pages
File Size : 49,5 Mb
Release : 2019-05-23
Category : Business & Economics
ISBN : 9783030165260

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The Future of Risk Management, Volume II by Paola De Vincentiis,Francesca Culasso,Stefano A. Cerrato Pdf

With contributions presented during the Second International Risk Management Conference, this second volume addresses important areas of risk management from a variety of angles and perspectives. The book will cover two separate tracks—financial risk management and risk management and corporate strategies—and will be of interest to academic researchers and students in risk management, banking, and finance.

Author : United States. Congress. Senate. Committee on Finance
Publisher : Unknown
Page : 104 pages
File Size : 45,7 Mb
Release : 2013
Category : Electronic
ISBN : MINN:31951D03806929T

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Nominations of Sarah Bloom Raskin and Rhonda Schmidtlein by United States. Congress. Senate. Committee on Finance Pdf