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Author : Solomon Stephen Huebner
Publisher : Irvington Publishers
Page : 280 pages
File Size : 49,6 Mb
Release : 1959
Category : Business & Economics
ISBN : UCAL:B3218455
Author : Solomon Stephen Huebner
Publisher : Unknown
Page : 219 pages
File Size : 40,7 Mb
Release : 1941
Category : Life insurance
ISBN : OCLC:34922535
Author : Solomon Stephen Huebner
Publisher : Unknown
Page : 217 pages
File Size : 43,6 Mb
Release : 1939
Category : Life insurance
ISBN : OCLC:66653836
Author : K.H. Borch,A. Sandmo,K.K. Aase
Publisher : Elsevier
Page : 418 pages
File Size : 51,9 Mb
Release : 2014-07-14
Category : Business & Economics
ISBN : 9781483294902
The theory of insurance is presented in this book, discussed from the viewpoint of the theory of economics of uncertainty. The principle of premium calculation which the book uses is based on economic equilibrium theory and differs from many of the premium systems discussed by actuaries.Reinsurance is developed in the framework of general economic equilibrium theory under uncertainty. Here ordering of risks, preferences and utility theory play an important role. The book discusses the markets for insurance and divides them into three classes: (i) life insurance (ii) business insurance and (iii) household insurance, and these classes are each treated extensively in three separate chapters. Finally uninsurable risks are presented under "asymmetric information". Here moral hazard and adverse selection are treated and illustrations are given, some based on game theory.
Author : Ralph S.J. Koijen,Motohiro Yogo
Publisher : Princeton University Press
Page : 208 pages
File Size : 40,9 Mb
Release : 2023-04-04
Category : Business & Economics
ISBN : 9780691193267
An authoritative and comprehensive graduate textbook on the modern insurance sector The traditional role of insurers is to insure idiosyncratic risk through products such as life annuities, life insurance, and health insurance. With the decline of private defined benefit plans and government pension plans around the world, insurers are increasingly taking on the role of insuring market risk through minimum return guarantees. Insurers also use more complex capital management tools such as derivatives, off-balance-sheet reinsurance, and securities lending. Financial Economics of Insurance provides a unified framework to study the impact of financial and regulatory frictions as well as imperfect competition on all insurer decisions. The book covers all facets of the modern insurance sector, guiding readers through its complexities with empirical facts, institutional details, and quantitative modeling. An up-to-date textbook for graduate students in economics, finance, and insurance Covers a broad range of topics, including insurance pricing, contract design, reinsurance, portfolio choice, and risk management Provides promising new directions for future research Can be taught in courses on asset pricing, corporate finance, industrial organization, and public economics An invaluable resource for policymakers seeking an empirical and institutional account of today’s insurance sector
Author : Kenneth Black,Harold D. Skipper
Publisher : Pearson
Page : 1080 pages
File Size : 41,6 Mb
Release : 2000
Category : Health insurance
ISBN : IND:30000094671835
This current, accurate and detailed industry guide for financial service professionals examines life and health insurance simultaneously from the viewpoints of the buyer, the advisor, and the insurer--providing a comprehensive and unbiased treatise on individual and group life; a forthright appraisal of life and health insurance industry products with careful consideration of the environment; and a complete examination of life insurance company operations and regulation. Bases financial treatment of life insured operations on modern financial theory, and devotes entire chapters to the economics of life and health insurance; individual life and health insurance policies; life and health insurance evaluation; the uses of life and health insurance in personal and business planning; government and employee benefit plans; and the management, operation, and regulation of life insurance companies. Offers a strong global orientation, supporting fundamental concepts with an extensive integration of economic and financial theory and international comparisons, and examines how today's health insurance products fit into a broad framework from a contractual, cost, and performance viewpoints. New chapters on the tax treatment of life and health insurance address such areas as estate planning, retirement planning, and the business uses of life and health insurance. For financial planners, salesmen, actuaries, investment managers, attorneys, CPAs, and other financial service professionals.
Author : Nancy Sommers,Mark V. Pauly
Publisher : Springer
Page : 299 pages
File Size : 52,7 Mb
Release : 1986-09-29
Category : Business & Economics
ISBN : 9781349183975
Author : Elma Satrovic
Publisher : GRIN Verlag
Page : 183 pages
File Size : 50,6 Mb
Release : 2018-09-10
Category : Business & Economics
ISBN : 9783668792753
Document from the year 2018 in the subject Economics - Finance, grade: 14, University of Sarajevo, language: English, abstract: In this book linear panel data estimators are employed to investigate the relationship between life insurance and economic growth. This study contributes to previous studies by using Maximum likelihood estimation of dynamic panel that was not used in previous studies concerning the aforementioned relationship; by controlling for number of factors thought to influence economic growth; by referring to a much larger number of countries and by exploring the relationship between life insurance and economic growth while controlling for the degree of financial sector development, as well as for the regional and income disparities. Sixteen models that explore the impact of control variables integrated singly in the equations and an integrated model that controls for the impact of all key variables are estimated. Empirical results reveal a significant positive relationship between life insurance and economic growth in models -. Education is reported to have a positive impact on economic growth. Government spending is found to have a negative impact on economic growth, while model reports that inflation has a negative impact on economic growth. Trade openness is not reported to have a significant impact on economic growth in model. Model reveals a significant positive impact of banking sector on economic growth; significant negative impact of non-life insurance sector while stock market is not reported to have a significant impact. An integrated model that controls for the impact of all key variables gives a strong support to the results obtained in models -. Results of models - that attempt to control for the importance of regional disparities indicate that a significant positive relationship between life insurance and economic growth is reported for all regions but South Asia and North America. Models - that additionally control for differences in levels of development reveal a significant positive relationship between life insurance and economic growth in high-, middle- and low-income countries.
Author : Viviana A. Rotman Zelizer
Publisher : Columbia University Press
Page : 322 pages
File Size : 41,5 Mb
Release : 2017-08-08
Category : Social Science
ISBN : 9780231545426
Life insurance—the promise of an insurer to pay a sum upon a person's death in exchange for a regular premium—is a bizarre enterprise. How can we monetize human life? Should we? What statistics do we use, what assumptions do we make, and what behavioral factors do we consider? First published in 1979, Morals and Markets Is a pathbreaking study exploring the development of life insurance in the United States. Viviana A. Rotman Zelizer combines economic history and a sociological perspective to advance a novel interpretation of the life insurance industry. The book pioneered a cultural approach to the analysis of morally controversial markets. Zelizer begins in the mid-nineteenth century with the rise of the life insurance industry, a contentious chapter in the history of American business. Life insurance was stigmatized at first, denounced in newspapers and condemned by religious leaders as an immoral and sacrilegious gamble on human life. Over time, the business became a widely praised arrangement to secure a family's future. How did life insurance overcome cultural barriers? As Zelizer shows, the evolution of the industry in the United States matched evolving attitudes toward death, money, family relations, property, and personal legacy.
Author : Peter Zweifel,Roland Eisen
Publisher : Springer Science & Business Media
Page : 461 pages
File Size : 40,9 Mb
Release : 2012-02-24
Category : Business & Economics
ISBN : 9783642205484
"Winner of the 2014 Kulp-Wright Book Award Presented by the American Risk and Insurance Association". More information can be found here: http://www.aria.org/awards/bookawards.htm Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance by individuals and corporations, objectives pursued and management tools used by insurance companies, the regulation of insurance, and the division of labor between private and social insurance. Appropriete both for advanced undergraduate and graduate students of economics, management, and finance, this text provides the background required to understand current research. Predictions derived from theoretical argument are not only stated but confronted with empirical evidence. Throughout the book, conclusions summarize results, helping readers to check their knowledge and understanding. Issues discussed include paradoxa in decision making under risk, selection of favorable risks by insurers, the possibility of a "death spiral" in insurance markets, and future challenges such as re-regulation in the wake of the 2007-09 financial crisis and the increasing availability of generic information.
Author : Dorlan Francis
Publisher : Xlibris Corporation
Page : 330 pages
File Size : 46,7 Mb
Release : 2009-05-01
Category : Business & Economics
ISBN : 144150253X
FOREWORD BY GUILLERMO ASSEFF-CAIAT You are about to read one of the most refreshing books ever written in the field of life insurance. Dorlan Francis approaches the subject from a social and philosophical point of view long overdue in a financial marketplace where quick gain and speculation have overtaken long term aims and commitment. For the life insurance professional, this is a very valuable reference book. It is also an exceptionally well written panegyric of a financial product that has been the engine behind the success of the most advanced societies today. For the layperson, Dorlan's marvelous handling of the concepts renders complex issues into a natural flow that inevitably leads to full comprehension. Dorlan clearly and finally puts to rest the fallacy of the "buy term and invest the difference" theory. In the process of so doing, he exposes the profound meaning of life insurance in a manner that transcends the intended purpose of his book and creates a capital work on the subject. About Guillermo Asseff-Caiat: Past President of the Canadian Association of Insurance and Financial Advisors (CAIFA) Former Vice President, Operations EFI Financial Services Inc. Life Member of the Million Dollar Round Table (MDRT) Court of the Table Member (MDRT) Honour Roll Member (MDRT) Fifteen years recipient of the National Quality Award (NQA
Author : Howard C. Kunreuther,Mark V. Pauly,Stacey McMorrow
Publisher : Cambridge University Press
Page : 343 pages
File Size : 41,9 Mb
Release : 2013-01-28
Category : Business & Economics
ISBN : 9780521845724
This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.
Author : Sharon Ann Murphy
Publisher : Johns Hopkins University Press+ORM
Page : 411 pages
File Size : 43,5 Mb
Release : 2010-10-01
Category : Business & Economics
ISBN : 9780801899478
A study of the early years of the life insurance industry in 19th century America. Investing in Life considers the creation and expansion of the American life insurance industry from its early origins in the 1810s through the 1860s and examines how its growth paralleled and influenced the emergence of the middle class. Using the economic instability of the period as her backdrop, Sharon Ann Murphy also analyzes changing roles for women; the attempts to adapt slavery to an urban, industrialized setting; the rise of statistical thinking; and efforts to regulate the business environment. Her research directly challenges the conclusions of previous scholars who have dismissed the importance of the earliest industry innovators while exaggerating clerical opposition to life insurance. Murphy examines insurance as both a business and a social phenomenon. She looks at how insurance companies positioned themselves within the marketplace, calculated risks associated with disease, intemperance, occupational hazard, and war, and battled fraud, murder, and suicide. She also discusses the role of consumers?their reasons for purchasing life insurance, their perceptions of the industry, and how their desires and demands shaped the ultimate product. Winner, Hagley Prize in Business History, Hagley Museum and Library and the Business History Conference Praise for Investing in Life “A well-written, well-argued book that makes a number of important contributions to the history of business and capitalism in antebellum America.” —Sean H. Vanatta, Common Place “An intriguing, instructive history of the establishment and development of the life insurance industry that reveals a good deal about changing social and commercial conditions in antebellum America . . . Highly recommended.” —Choice
Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 1012 pages
File Size : 55,9 Mb
Release : 2001-05-31
Category : Business & Economics
ISBN : 079237911X
In the 1970's, the research agenda in insurance was dominated by optimal insurance coverage, security design, and equilibrium under conditions of imperfect information. The 1980's saw a growth of theoretical developments including non-expected utility, price volatility, retention capacity, the pricing and design of insurance contracts in the presence of multiple risks, and the liability insurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic events dominated the research agenda in the 1990's. The Handbook of Insurance provides a single reference source on insurance for professors, researchers, graduate students, regulators, consultants, and practitioners, that reviews the research developments in insurance and its related fields that have occurred over the last thirty years. The book starts with the history and foundations of insurance theory and moves on to review asymmetric information, risk management and insurance pricing, and the industrial organization of insurance markets. The book ends with life insurance, pensions, and economic security. Each chapter has been written by a leading authority in insurance, all contributions have been peer reviewed, and each chapter can be read independently of the others.
Author : Felix Hufeld,Ralph S. J. Koijen,Christian Thimann
Publisher : Oxford University Press
Page : 247 pages
File Size : 53,7 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198788812
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
