To see the other types of publications on this topic, follow the link: Bank owned life insurance.
Journal articles on the topic 'Bank owned life insurance'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Bank owned life insurance.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Davidson, Travis R. "Bank-Owned Life Insurance and Bank Risk." Financial Review 52, no. 3 (July 17, 2017): 459–98. http://dx.doi.org/10.1111/fire.12135.
Full text
2
Davidson, Travis R., and Roger M. Shelor. "An Empirical Investigation of the Demand for Bank-Owned Life Insurance." Financial Markets, Institutions & Instruments 23, no. 5 (October 27, 2014): 303–21. http://dx.doi.org/10.1111/fmii.12022.
Full text
3
Kwun, David, Cyrus Mohebbi, Andrew Line, and Yong Tai Tsai. "A risk analysis of stable value protection for bank-owned life insurance." International Journal of Applied Decision Sciences 2, no. 4 (2009): 406. http://dx.doi.org/10.1504/ijads.2009.031182.
Full text
4
Pysmenna, Tetiana. "Current issues of the performance of Ukraine’s financial services market." Herald of Ternopil National Economic University, no. 2(92) (March 3, 2019): 57–70. http://dx.doi.org/10.35774/visnyk2019.02.057.
Full textAbstract:
Introduction. It is emphasized that the sustainable development of national economy is possible as long as the financial services market functions effectively. The market is formed by the entities providing insurance, banking and investment services. Purpose. The purpose of the article is to identify the current challenges which hinder the development of Ukraine’s financial services market. Methods. The methodological framework of the study includes the following general research methods: induction, analysis, and generalization. Results. The main indicators reflecting the performance of the domestic insurance services market are analysed. Based on gross insurance premiums and insurance payments, it is found out that the most common type of insurance is vehicle insurance. The research paper claims that nowadays various types of insurance are being developed progressively in Ukraine. Special attention is paid to life insurance, because this type of insurance is viewed as socially essential. However, the development of life insurance market in Ukraine is rated as low. The presence of domestic banks on the financial services market is determined through the following indicators: the amount of funds received by business entities and individuals; the amount of gross loans granted to them. Under the current conditions, the domestic banks are providing financial services with innovative solutions. The main performance indicators of the domestic market of investment services with the participation of joint investment institutions are analysed. The development of this segment of the investment services market is evidenced by the increasing volume of assets owned by investment funds. The author also notes that there is a lack of people’s involvement in joint investment institutions. Discussion. The research findings are applicable and can be used in implementing strategies for the growth of Ukraine’s financial services market.
5
West, Tracey, and Andrew Worthington. "The impact of major life events on household asset portfolio rebalancing." Studies in Economics and Finance 36, no. 3 (July 26, 2019): 334–47. http://dx.doi.org/10.1108/sef-11-2017-0318.
Full textAbstract:
Purpose This paper aims to model the asset portfolio rebalancing decisions of Australian households experiencing a severe life event shock. Design/methodology/approach The paper uses household longitudinal data from the Household, Income, and Labour Dynamics in Australia (HILDA) survey since 2001. The major life events are serious illness or injury, death of a spouse, job dismissal or redundancy and separation from a spouse. The asset classes are bank accounts, cash investments, equities, superannuation (private pensions), life insurance, trust funds, owner-occupied housing, investor housing, business assets, vehicles and collectibles. The authors use both static and dynamic Tobit models to assess the impact and duration of impact of the shocks. Findings Serious illness and injury, loss of employment, separation and spousal death cause households to rebalance portfolios in ways that can have detrimental effects on long-term wealth accumulation through poor market timing and the incurring of transaction costs. Research limitations/implications The survey results are only available since 2001, and the wealth module from which the asset data are drawn is self-reported and not available every year. Practical implications Relevant to policymakers working on the ongoing retirement of the “baby boomer” generation and for financial planners guiding household investment decisions. Originality/value Most research on shocks to household wealth concern a narrower range of assets and only limited shocks. Also, this is one of the few studies to use a random effects model to allow for unspecified heterogeneity among households.
6
Solechan, Solechan. "Badan Penyelenggara Jaminan Sosial (BPJS) Kesehatan Sebagai Pelayanan Publik." Administrative Law and Governance Journal 2, no. 4 (November 13, 2019): 686–96. http://dx.doi.org/10.14710/alj.v2i4.686-696.
Full textAbstract:
Abstract The purpose of this research is to find out how the role of the health insurance provider (BPJS) as a form of public service in Indonesia. Research is a normative study with a comparative approach. The research results show that public services or public services can be defined as all forms of services, both in the way of goods and services which in principle are the responsibility and are carried out by government agencies at the central, regional and in the environment of state-owned enterprises or business entities Regional Owned. One of them is the Social Security Organizing Agency is a legal entity to organize social security programs to ensure all people can meet the basic needs of a decent life. BPJS is held based on the principles of humanity, benefits, and social justice for all Indonesian people with the aim of realizing the fulfillment of the basic needs of a decent life for every Indonesian people who have become basic human rights. Keywords: Social Security Organizing Agency, Health, Public Services Abstract Penelitian ini bertujuan utnuk mengetahui bagaimanakah peran badan penyelenggara jaminan sosial (BPJS) kesehatan sebagai salah satu bentuk pelayanan publik di Indonesia. Penelitian merupakan penelitian normatif dengan pendekatan perbandingan. Hasil penelitian menujukan bahwa Pelayanan publik atau pelayanan umum dapat didefinisikan sebagai segala bentuk jasa pelayanan, baik dalam bentuk barang maupun jasa yang pada prinsipnya menjadi tanggung jawab dan dilaksanakan oleh Instansi Pemerintah di Pusat, di Daerah, dan di lingkungan Badan Usaha Milik Negara atau Badan Usaha Milik Daerah. Salah satunya adalah Badan Penyelenggara Jaminan Sosial merupakan sebuah badan hukum untuk menyelenggarakan program jaminan sosial untuk menjamin seluruh rakyat agar dapat memenuhi kebutuhan dasar hidup yang layak. BPJS diselenggarakan berdasarkan asas kemanusiaan, manfaat, dan keadilan sosial bagi seluruh rakyat Indonesia dengan tujuan untuk mewujudkan pemenuhan kebutuhan dasar hidup yang layak bagi setiap rakyat Indonesia yang sudah menjadi hak dasar manusia. Kata Kunci: Badan Penyelenggara Jaminan Sosial, Kesehatan, Pelayanan Publik
7
Nurnberg, Hugo. "Accounting for Company-Owned Life Insurance." Accounting Horizons 18, no. 2 (June 1, 2004): 109–26. http://dx.doi.org/10.2308/acch.2004.18.2.109.
Full textAbstract:
This paper examines the alternative methods of accounting for investments in company-owned life insurance (COLI) and the resulting effects on reported net cash flow from operating activities (NCFO). Examples from annual financial reports suggest that these alternative methods potentially result in substantial differences in reported NCFO. Additionally, financial report disclosures do not make transparent the efects of these alternative methods on reported NCFO. This lack of transparency potentially impairs the reliability of investment decisions and the findings of empirical studies that take reported NCFO directly from financial reports without adjustment. Suggestions are offered to make annual financial reports more transparent with respect to COLI transactions.
8
Nurnberg, Hugo, and Douglas P. Lackey. "Ethical Reflections on Company-Owned Life Insurance." Journal of Business Ethics 80, no. 4 (August 1, 2007): 845–54. http://dx.doi.org/10.1007/s10551-007-9472-7.
Full text
9
Shkodrova, Ina. "Life Insurance as Collateral for Bank Credit." International conference KNOWLEDGE-BASED ORGANIZATION 26, no. 2 (June 1, 2020): 99–103. http://dx.doi.org/10.2478/kbo-2020-0060.
Full textAbstract:
AbstractThis article will cover issues related to the obligations of the parties to the contract and the subject of the insurance contract concluded in connection with a bank loan agreement. Who are the parties to the contract and who benefits from the insured amount when the insured event occurs? What is the purpose, what does the Insurance Code provide and how does it guarantee the creditor’s rights? Insurance as additional collateral for the bank.
10
Ibrahim Nazal, Abdullah, and Yahya Abdullah Khassawneh. "Discuss developed Islamic insurance models by Jordan Islamic bank." Global Journal of Economics and Business 10, no. 1 (February 2021): 211–19. http://dx.doi.org/10.31559/gjeb2021.10.1.15.
Full textAbstract:
This paper aims to discuss Reciprocal Insurance Fund Model (RIFM) and Islamic Insurance Company Model (IICM) which developed by Jordan Islamic Bank. It discusses difference of developing than traditional insurance services based on customers' needs. It depends on discuss annual financial reports in order to analysis the difference between models. The study found that (RIFM) is not owned by customers neither the Jordan Islamic bank. It is an artificial person. (IICM) has small part of insurance surplus to be as customers saving but the other part is artificial person. These models managing risks. It meets the Jordan Islamic bank returns and managing risk. Developing Islamic insurance models is directed to meet the company aims than customers' aims. The main limit of collecting data depended on the annual reports in the Jordan Islamic bank foot notes and Islamic Insurance Company annual reports. It discusses practically applied models by Jordan Islamic bank developing experiences.
11
Liem, Maria Christina. "Quiet life hypothesis reborn: is “holdinglisation” relevant?" Managerial Finance 45, no. 2 (February 11, 2019): 278–93. http://dx.doi.org/10.1108/mf-08-2017-0279.
Full textAbstract:
Purpose Quiet life hypothesis (QLH) states that banks with a higher market power will generate high profitability quietly, even though it could cause inefficiency. In the long term, it could turn a high profitability into a lower future profitability. This paper identifies QLH-reborn through the holdinglisation strategy of the Indonesian Government to include all state-owned banks into one holding, hence increasing the market power of Indonesian state-owned banks within ASEAN. Optimum profitability and optimum efficiency are the objectives of the “holdinglisation” idea. Therefore, the purpose of this paper is to analyse the relevance of holdinglisation within the Indonesian banking industry. Design/methodology/approach This paper focusses on analysing the efficiency and soundness of four state-owned conventional banks and four state-owned Islamic banks in Indonesia during 2011–2015. Subsequently, this paper analyses the impact of bank effectiveness index and soundness rank on return on average asset (ROAA) and ROAE through the data panel of general least square regression using STATA. Findings This paper shows that all state-owned commercial banks in Indonesia during 2011–2015 are efficient and sound. Furthermore, this paper finds that market power (market share for deposit and market share for loans) has an insignificant impact on bank efficiency (BE) index, bank soundness rating, ROAA and EM. Meanwhile, BE index and BS rating have a significant impact on ROAA. Therefore, this paper concludes that holdinglisation regulation as QLH-reborn is irrelevant for Indonesian state-owned banks at this moment. Research limitations/implications This paper has a crucial limitation. Holdinglisation as QLH-reborn is irrelevant under the condition that all state-owned commercial banks in Indonesia are efficient and sound. Moreover, this paper contributes another actual empirical study of QLH. Practical implications This paper represents a scientific argumentation towards a holdinglisation strategy of state-owned commercial banks in Indonesia. Therefore, this paper could be a scientific reference for the Indonesian Government to improve Indonesian state-owned commercial banks competitiveness in ASEAN. Originality/value This paper is urgently needed for the Indonesian banking industry because the Indonesian Government should consider the drawbacks of holdinglisation as QLH reborn to the Indonesian banking industry, such as inefficiency and the risks of financial failure. Moreover, if the bank experiences financial failure, it could have a detrimental and lasting effect on the country’s macroeconomic condition.
12
PonArul, Richard, and Jerome R. Corsi. "Marketing Life Insurance in a Bank or Thrift." Journal of Risk and Insurance 57, no. 1 (March 1990): 164. http://dx.doi.org/10.2307/252934.
Full text
13
Hepfer, Bradford F., Jaron H. Wilde, and Ryan J. Wilson. "Tax and Nontax Incentives in Income Shifting: Evidence from Shadow Insurers." Accounting Review 95, no. 4 (October 25, 2019): 219–62. http://dx.doi.org/10.2308/accr-52657.
Full textAbstract:
ABSTRACT Using the shadow insurance setting, we study the interplay between tax and nontax incentives in income shifting. Shadow insurance involves intercompany transactions designed to help firms meet regulatory capital requirements. However, prior to the Tax Cuts and Jobs Act of 2017 (TCJA), foreign-owned life insurance firms could save taxes by using shadow insurance to shift U.S. profits to tax havens. Consistent with expectations, we find that while nontax incentives appear to be the dominant factor behind firms' use of shadow insurance, tax considerations also played a role for certain firms. We also find that shadow insurance is associated with lower liquid asset holdings and increased credit risk. Overall, our results suggest that taxes were an important incentive for foreign-owned life insurance firms to use shadow insurance pre-TCJA. Moreover, in this setting, nontax considerations appeared to have motivated U.S.-owned firms' use of tax havens.
14
Kumar, Dr Rohit, and Dr Manjit Singh. "Using Servqual Model For Comparative Service Quality Analysis Of The Indian Non-Life Insurance Sector." Paradigm 14, no. 2 (July 2010): 56–63. http://dx.doi.org/10.1177/0971890720100207.
Full textAbstract:
Delivering of quality services to the customers has become an indispensable factor for success and survival in today’s competitive insurance environment. The post-liberalized insurance industry in India has been witnessing a discernible shift from the seller to the buyers’ market. The present study is an endeavor to assess the comparative service quality level of the Government owned and Private Sector Non-life Insurance Companies in the post liberalized environment using SERVQUAL approach. For analyzing the customers’ perception and expectation towards service quality of non-life insurance companies, a modified SERVQUAL type questionnaire relevant to the insurance industry was constructed. An attempt has been made to examine the significant gap between the service quality of government owned and private sector non-life insurance companies by using t-test on the gaps (P-E) on all the items of seven dimensions.
15
GARRETT-SCOTT, SHENNETTE. "To Do a Work that Would Be Very Far Reaching: Minnie Geddings Cox, the Mississippi Life Insurance Company, and the Challenges of Black Women’s Business Leadership in the Early Twentieth-Century United States." Enterprise & Society 17, no. 3 (May 2, 2016): 473–514. http://dx.doi.org/10.1017/eso.2015.66.
Full textAbstract:
In early December 1923 in Memphis, Tennessee, Minnie Geddings Cox sat in a hastily arranged board meeting across from Heman Perry, clear now that the man she had believed her advocate was most assuredly her adversary. Cox and Perry, a man Forbes magazine would describe in 1924 as the richest Negro in the world, spent nearly a year maneuvering a merger to join her company, Mississippi Life Insurance Company, the third largest black-owned life insurance company in the United States, with his Standard Life of Atlanta, which ranked second.1 They shared a vision to create the largest black-owned life insurance company in the United States—or so Cox thought.
16
Harakoz, Yu K. "INTERNATIONAL EXPERIENCE IN REGULATING LIFE INSURANCE COMPANIES." EurasianUnionScientists 6, no. 4(73) (May 12, 2020): 59–63. http://dx.doi.org/10.31618/esu.2413-9335.2020.6.73.686.
Full textAbstract:
The growth of the life insurance segment encourages the state supervisory authority for the activities of insurance business entities to create conditions for its sustainable development, including through the introduction of a risk-based approach to the regulation and supervision of insurance companies –the Solvency II Directive. The Solvency II Directive is similar in concept to the risk-based approach to Bank regulation and supervision (Basel II). The expected results of its introduction are an adequateand comprehensive assessment of the risks of the insurance company's activities, compliance of the amount of capital with the level and profile of risks taken, as well as transparency and special rules for disclosure of information about its activities. Increasing growth rates in the insurance market and prospects for increasing the level of supervision by the Central Bank of the Russian Federation require life insurance companies to implement practical methods for assessing their capital, which are based on the most accurate assessment of their risks
17
Ilyas, Ashiq Mohd, and S. Rajasekaran. "Productivity of the Indian non-life insurance sector." International Journal of Productivity and Performance Management 69, no. 4 (October 21, 2019): 633–50. http://dx.doi.org/10.1108/ijppm-04-2019-0147.
Full textAbstract:
Purpose The purpose of this paper is to analyse the performance of the Indian non-life (general) insurance sector in terms of total factor productivity (TFP) over the period 2005–2016. Design/methodology/approach This study utilises Färe‒Primont index (FPI) to access the change in TFP and its components: technical change, technical efficiency and mix and scale efficiency over the observation period. Moreover, it employs the Mann–Whitney U-test to scrutinise the difference between the public and the private insurers in terms of growth in productivity. Findings The results reveal that the insurance sector possesses a very low level of TFP. Also, the results divulge an improvement of 11.98 per cent in TFP of the insurance sector at an annual average rate of 12.41 per cent over the observation period. The growth in productivity is mainly attributable to the improvement of 10.81 per cent in the scale‒mix efficiency. The progress in scale‒mix efficiency is mainly the result of improvements in residual scale and residual mix efficiency. The results also show that the privately owned insurers have experienced a high productivity growth rate than the state-owned insurers. Practical implications The results hold practical implications for the regulators, policymakers and decision makers of the Indian non-life insurance companies. Originality/value This study is the first of its kind to use FPI, which satisfies all economically relevant axioms and tests defined by the index number theory to comprehensively access the change in TFP of the Indian non-life insurance sector.
18
Mukhlifah, Maulidah Atha, and Sylva Alif Rusmita. "HUBUNGAN ANTARA LEMBAGA KEUANGAN SYARIAH DI INDONESIA PERIODE 2014-2018." Jurnal Ekonomi Syariah Teori dan Terapan 7, no. 2 (June 13, 2020): 345. http://dx.doi.org/10.20473/vol7iss20202pp345-355.
Full textAbstract:
This study is to determine the relationship between Islamic financial institutions, both bank and non-bank financial institutions in Indonesia in the 2014-2018 period. This study uses the VAR method to process data. The results of this study are contributions from Islamic-based financial institutions in Indonesia. The Islamic capital market has a positive relationship with Islamic life insurance. This happens because, in developing countries like Indonesia, life insurance is more influential than Islamic general insurance. The relationship that occurs in the Islamic capital market and life insurance occurs because of the role of the insurance company that will buy shares in the Islamic capital market. Then, related to a negative relationship between Islamic banking and Islamic insurance. It is because every credit given by the bank will be charged for insurance. The greater the value of the credit, the higher the contribution paid. This will be considered by those who will take credit at the bank. Meanwhile, insurance companies themselves are not bound by two other financial institutions. This happens because insurance companies get capital from third parties or their customers.Keywords: Islamic Financial Institutions, Islamic Capital Markets, Islamic Banking, Islamic Insurance, VAR
19
Zahara, Nuraiza. "Sistem Pertanggungan Pada Penjaminan Bancassurance oleh Asuransi X Syariah Menurut Konsep Kafālah." TAWAZUN : Journal of Sharia Economic Law 3, no. 1 (June 3, 2020): 1. http://dx.doi.org/10.21043/tawazun.v3i1.7092.
Full textAbstract:
<p>Cooperation agreement between the Bank and Insurance in the form of a bancassurance system the Bank transfers part of the risk that will arise to the Insurance. Such as the risk of debtor customer financing bottlenecks due to death, the risk borne by the Bank is transferred to the insurance company with life insurance coverage. Insurance agreement for debtor customers, Insurance applies a system based on the kafālah concept. This study explores how the insurance system between the customer and the Bank with the involvement of Insurance as a guarantor in the Bancassurance agreement and how the Islamic legal review of the insurance system carried out by the Insurance against the Bank with the Bancassurance agreement. This research uses descriptive analysis method, which describes or gives a description of the object under study through data or samples that have been collected. The conclusion of the research is that the coverage applied by the Insurance against the Bank is not in accordance with the true kafālah concept, the Insurance has paid the principal fund fully but does not pay the service fee in accordance with the minimum amount determined by the Bank. Based on the concept of insurance, the insurance should be obliged to fulfill everything that is the responsibility of the customer to the Bank, including compensation for services as stipulated. From the explanation above, the concept of kafālah applied by Insurance in its coverage of the Bank is still a mismatch between the concept and its application.</p>
20
Fadli, Jul Aidil, and Imanuel Madea Sakti. "Pengaruh Tipe Kepemilikan Ultima Keluarga dan Negara Terhadap Risiko Likuiditas Bank." Jurnal Ekonomi Bisnis dan Kewirausahaan 9, no. 2 (August 28, 2020): 84. http://dx.doi.org/10.26418/jebik.v9i2.41637.
Full textAbstract:
This research aims to examine the effects of family and state bank ownership on bank liquidity risk. The 20% ownership threshold determines the type of ownership, and the robustness test determined by the 25% ownership threshold, then bank liquidity risk is measured by Loan to Deposit Ratio (LDR). This study also used bank size to measure total bank assets, dummy listed or non-listed banks on the Indonesia Stock Exchange, and Capital Adequacy Ratio (CAR) as a measure of bank capital. The data used in this research are panel data of 59 commercial banks operated in Indonesia since 2010 to 2016. Using multiple linear regression analysis with Generalized Least Square estimation, the result shows that banks owned by family or state have lower liquidity risk than banks that do not belong to family or state. This research can be a reference for The Financial Services Authority and Indonesia Deposit Insurance Corporation to establish strategies and regulations related to bank liquidity risk.
21
Obeid, Hassan. "Bank-Insurance Integration Level In Ukraine: Science-Methodological Approach." Journal of Applied Business Research (JABR) 31, no. 6 (October 28, 2015): 2253. http://dx.doi.org/10.19030/jabr.v31i6.9481.
Full textAbstract:
The methodological approach to the assessment of bank-insurance integration (BII) level in Ukraine based on the calculation of integration index using of binary characteristics and matrix analyses instruments is given in the following paper. The proposed approach considers the presence of part (full) integration of bank capital and insurance companies, and the connection between these financial intermediaries in spheres of life and risk insurance in terms of the absence of their mutual participation in capital (bancassurance). Our findings evidence a low value of BII level in Ukraine during 2002-2013 in conditions of the gradual integration processes’ acceleration and the appearance of new innovative forms of bank-insurance cooperation.
22
Ahmad, Salman. "Performance of Commercial Banks in Pakistan: A Study in Risk Analysis." LAHORE JOURNAL OF ECONOMICS 7, no. 2 (July 1, 2002): 65–76. http://dx.doi.org/10.35536/lje.2002.v7.i2.a4.
Full textAbstract:
The financial sector in Pakistan has evolved over the years in response to the growth of the economy and the government’s plans for the growth and development of the country. The sector as on 31 March 2002 comprises the State Bank of Pakistan, 4 state-owned banks, 2 newly privatised banks, 4 specialised banks, 14 private scheduled banks, about 30 leasing companies, 45 Modarabas, 14 investment banks, 3 stock exchanges, 58 insurance companies, and Government Saving Centers.
23
Sulistiani, Siska Lis. "Analisis implementasi wakaf wasiat polis asuransi syariah di lembaga wakaf al-Azhar Jakarta." Ijtihad : Jurnal Wacana Hukum Islam dan Kemanusiaan 17, no. 2 (February 24, 2018): 285. http://dx.doi.org/10.18326/ijtihad.v17i2.285-299.
Full textAbstract:
Waqf in Islam is one way to invest in property for the sake of the world and the hereafter. The development of waqaf must still be in the sharia corridor so that its ubudiyah and iqtishadiyah values remain. Islamic law will not be known even as DSN MUI has just released its fatwa in October 2016 which is the investment benefit and sharia life fatwa, but some sharia insurance institutions and wakaf institutions in Indonesia first applied this form of waqf. The legal status of a wakaf law on Islamic insurance policy under Islamic law includes productive wakaf. However, in terms of its ownership element as a waqf object has not been fully owned by wakif so ulama differed in opinion, although in principle has been owned by wakif, but still opens the dispute space because the waqf object is not yet fully owned. The wakaf law of syariah insurance policy itself is still potentially canceled by wakif or by sharia insurance if one of them wakif get difficulty paying the premium before maturity. Implementation of waqf syariah insurance policy at Al-Azhar Wakaf Institute Jakarta has not yet fully complied with the rules of Fatwa DSN MUI because the fatwa has just come out in the end of 2016 and socialized in early 2017, whereas the wakaf will be known as sharia insurance policy in the community.
24
Ariefianto, Moch Doddy, and Soenartomo Soepomo. "Risk Taking Behavior of Indonesian Banks: Analysis on the Impact of Deposit Insurance Corporation Establishment." Buletin Ekonomi Moneter dan Perbankan 15, no. 3 (March 28, 2013): 3–22. http://dx.doi.org/10.21098/bemp.v15i3.425.
Full textAbstract:
This paper studies the risk taking behavior of Indonesian Banking Industry, especially before and after the establishment and the implementation of Deposit Insurance Corporation (IDIC). Using common set of explanatory variables; we test several empirical models to reveal the conduct of risk management by banks. In the spirit of BASEL II Accord, this paper take closer look at three types of risk behaviors namely credit risk, market or interest rate risk and operational risk, prior and post the establishment of IDIC. We tested the hypotheses using panel data set of banks operational in period of 2000-2009. The dataset consists of 121 banks with semiannual frequency (2420 observations). Our findings show that these variables explain well the three type bank risk exposures. The implementation of IDIC alters the bank behavior albeit in somewhat different way than initially hypothesized. The risk taking responses also varies across bank types. We found that State Owned Enterprise banks (SOE) behave differently relative to the rest types of the bank. Related to size, SOE banks behave more conservative after the implementation of IDIC. On the other hand its response on conditioned capital post the IDIC implementation is the opposite; they became more aggressive. We view the public pressure on this state banks has influenced the way they manage the risk. Keywords : Risk taking behavior, BASEL II, Deposit Insurance.JEL Classification: G11, G21, G32, C23
25
Ariefianto, Moch Doddy, and Soenartomo Soepomo. "RISK TAKING BEHAVIOR OF INDONESIAN BANKS: ANALAYSIS ON THE IMPACT OF DEPOSIT INSURANCE COOPERATION ESTABLISHMENT." Buletin Ekonomi Moneter dan Perbankan 15, no. 3 (March 28, 2013): 3–25. http://dx.doi.org/10.21098/bemp.v15i3.66.
Full textAbstract:
This paper studies the risk taking behavior of Indonesian Banking Industry, especially before and after the establishment and the implementation of Deposit Insurance Corporation (IDIC). Using common set of explanatory variables; we test several empirical models to reveal the conduct of risk management by banks. In the spirit of BASEL II Accord, this paper take closer look at three types of risk behaviors namely credit risk, market or interest rate risk and operational risk, prior and post the establishment of IDIC. We tested the hypotheses using panel data set of banks operational in period of 2000-2009. The dataset consists of 121 banks with semiannual frequency (2420 observations). Our findings show that these variables explain well the three type bank risk exposures. The implementation of IDIC alters the bank behavior albeit in somewhat different way than initially hypothesized. The risk taking responses also varies across bank types. We found that State Owned Enterprise banks (SOE) behave differently relative to the rest types of the bank. Related to size, SOE banks behave more conservative after the implementation of IDIC. On the other hand its response on conditioned capital post the IDIC implementation is the opposite; they became more aggressive. We view the public pressure on this state banks has influenced the way they manage the risk.Keywords : Risk taking behavior, BASEL II, Deposit Insurance.JEL Classification: G11, G21, G32, C23
26
Lin, Arthur Jin, and Hai-Yen Chang. "Business Sustainability Performance Evaluation for Taiwanese Banks—A Hybrid Multiple-Criteria Decision-Making Approach." Sustainability 11, no. 8 (April 13, 2019): 2236. http://dx.doi.org/10.3390/su11082236.
Full textAbstract:
The Taiwanese government has encouraged bank privatization and the establishment of financial holding companies to improve banking sustainability and consolidate banks, insurance companies, and securities firms. It is important for bank decision makers to set policies that lead to sustainable development. However, the literature remains unclear about the types of banks that achieve greater business sustainability. This paper aims to (1) identify the criteria that affect banks’ business sustainability and (2) determine the most sustainable types of banks. This study uses a hybrid multiple-criteria decision-making approach on eighteen financial criteria for twenty-five Taiwanese listed banks with data from 2012 to 2016. The results show that non-performing loan ratio is the most critical factor. In addition, financial holding companies outperformed non-financial holding companies. Financial holding companies with insurance companies as their largest subsidiaries performed best. Private banks exceeded state-owned banks in sustainability. The results lead to two implications. First, banks should value risk over profitability and diversify financial products. Second, the government should continue to privatize banks. These findings suggest that bank managers implement an enterprise resource planning (ERP) system with a master plan, framework, and guidelines to help them track bank performance indicators to ensure sustainability.
27
Gold, Mark L., Chad A. Leat, and Michel Perrin. "Senior Secured Floating-Rate Bank Loans for Life Insurance Company Investment Portfolios." Financial Analysts Journal 53, no. 2 (March 1997): 47–54. http://dx.doi.org/10.2469/faj.v53.n2.2071.
Full text
28
Purnama Wati, Ni Putu, Ni Luh Made Mahendrawati, and Desak Gde Dwi Arini. "Tanggung Jawab Pihak Asuransi Terhadap Perjanjian Kredit Bank Dalam Hal Debitur Meninggal Dunia." Jurnal Konstruksi Hukum 2, no. 1 (March 1, 2021): 196–201. http://dx.doi.org/10.22225/jkh.2.1.2996.196-201.
Full textAbstract:
Credit agreements are usually accompanied by a collateral agreement and an insurance agreement. This insurance agreement is a means of transferring risk for the bank, especially life insurance in the event of a debtor's death, besides credit can also fall to the heirs if the debtor dies before paying off the remaining credit. This study aims to analyze the legal consequences of the Bank's Credit Agreement in the event that the Debtor dies and to find out the responsibility of the Insurance Party for the Bank's Credit Agreement in the event the Debtor dies. This study uses a normative research method with a statutory approach and a conceptual approach. The results show that the legal consequence of the credit agreement in the event that the debtor dies, there are two possibilities, namely that the credit goes to the heirs as regulated in article 833 of the Civil Code (Burgerlijk Wetboek) or the guarantee is executed by the bank, and the second possibility is that the credit is written off due to a life insurance clause or a life insurance agreement with a banker's clause, which means that the insurance company must be responsible for paying off the remaining debts of the debtor who died according to the terms and conditions of the policy, otherwise the interested party can file a summons to sue the insurance company. From this, the conclusion is that the parties must fully understand the contents of the credit agreement made, so that later if this risk occurs, there will be clarity on the payment of the debtor's remaining debt.
29
Hashim, Nor Haziah, Zurina Kefeli, and Nursilah Ahmad. "In Two Minds of Replacing Life Insurance Policy." Journal of Muamalat and Islamic Finance Research 16, no. 2 (December 1, 2019): 77–85. http://dx.doi.org/10.33102/jmifr.v16i2.224.
Full textAbstract:
The case is about how Maju Takaful Resources (MTR), a takaful consultation firm, dealt with their agents’ grievances regarding the regulation of Replacement of Policy (ROP) imposed by Bank Negara Malaysia (BNM). The regulation was imposed to curb unwarranted replacement of life insurance policy and to ensure the interest of the policyholders is continuously safeguarded. The regulation specified that agents shall not receive any commission for any policy which is construed as ROP. However, the regulation has placed MTR at a great disadvantage, since most of their clients, whom previously subscribed to conventional life insurance policy wished to switch to family takaful (a shariah-compliant version of life insurance). Unfortunately, according to ROP regulation, these cases were still considered as ROP. The case allowed students to learn the effects of ROP on different stakeholders within the insurance and takaful industries in Malaysia.
30
Wijaya, Anthony Dio. "TINJAUAN KEGIATAN ASURANSI KREDIT PEMILIKAN RUMAH OLEH LEMBAGA PERBANKAN BERDASARKAN PRINSIP PERSAINGAN USAHA TIDAK SEHAT." Mimbar Keadilan 13, no. 1 (January 24, 2020): 22–31. http://dx.doi.org/10.30996/mk.v13i1.2645.
Full textAbstract:
In running its business in the field of providing Homeownership Credit facilities by Bank Rakyat Indonesia as a banking institution, it is required to cooperate with insurance companies to bear the risks that might arise in the future for the applicant, in this case as KPR applicant customer. Therefore KPR applicant customers are required to use insurance services from Bank Rakyat Indonesia partner insurance companies for the housing for which the credit is requested. Customers should be given the freedom to choose the insurance product they will choose, rather than being required where the customer has no choice to use insurance other than a consortium between PT. Bringin Life and Heksa Eka Life Insurance, which is against Article 15 paragraph 2 of Law Number 5 of 1999 or often referred to as Business Competition Law. BRI, together with its partner insurance companies, have also conspired in determining the insurance company that will become BRI's partner, because this will benefit all three if there are no other insurance companies that become BRI partners. This certainly gives difficulties for other insurance companies that are not BRI's partners to run their business.Dalam menjalankan usahanya di bidang jasa pemberian fasilitas Kredit Pemilikan Rumah oleh Bank Rakyat Indonesia selaku lembaga perbankan diharuskan untuk bekerjasama dengan perusahaan asuransi guna menanggung resiko yang akan mungkin muncul di kemudian hari pada diri pemohon dalam hal ini selaku nasabah pemohon KPR. Oleh karena itu nasabah pemohon KPR diwajibkan untuk menggunakan jasa asuransi dari perusahaan asuransi rekan Bank Rakyat Indonesia untuk rumah yang diajukan kredit tersebut. Seharusnya nasabah diberikan kebebasan untuk memilih produk asuransi yang akan mereka pilih, bukannya diharuskan di mana nasabah tidak memiliki pilihan untuk menggunakan asuransi selain konsorsium antara PT. Bringin Life dan Heksa Eka Life Insurance, di mana hal tersebut adalah bertentangan terhadap Pasal 15 ayat (2) Undang-Undang Nomor 5 Tahun 1999 atau yang sering disebut dengan Undang-Undang Persaingan Usaha. BRI bersama sama dengan perusahaan asuransi rekanannya juga telah melakukan persekongkolan dalam hal penentuan perusahaan asuransi yang akan menjadi rekanan BRI, karena hal tersebut akan memberikan keuntungkan bagi ketiganya apabila tidak ada perusahaan asuransi lain yang menjadi rekanan BRI. Hal tersebut tentu memberikan kesulitan bagi perusahaan perusahaan asuransi lain yang bukan merupakan rekan dari BRI untuk menjalankan usahanya.
31
Goldman, Michael M., Mignon Reyneke, and Tendai Mhizha. "Building the BrightRock brand through change." Emerald Emerging Markets Case Studies 6, no. 3 (November 7, 2016): 1–23. http://dx.doi.org/10.1108/eemcs-05-2016-0070.
Full textAbstract:
Subject area This case allows students to engage with classical marketing tenets of branding, media and communications decisions and content marketing within a management framework. Study level/applicability This case is appropriate for an undergraduate or graduate-level programme in marketing management. Case overview Suzanne Stevens was part of a group of four former senior employees of a large life insurance firm that decided to establish a new and innovative South African insurance company, BrightRock. They identified a gap in a large and highly competitive (albeit generic and opaque) insurance market and developed a distinctive positioning within the market. There was low consumer understanding of the technical aspects of life insurance products, and no existing life insurance product provided an individualized offering. Stevens developed the company’s brand and marketing strategy by drawing on reputation drivers, traditional advertising and a content marketing approach. BrightRock focused on change moments in consumers’ lives, including getting married, having children or getting a new job, and changed the standard insurance product model by launching an individualized flexible product that could adapt with the consumer through their various life stages. The case study documents the first three years of BrightRock’s operations, with a strong focus on brand and product development, distribution and communication. The case dilemma involves choices Stevens faced at the beginning of 2015 about marketing investments across paid, earned and owned media. Expected learning outcomes This study enables to critique the development of a services brand; integrate paid, owned and earned media to increase communication effectiveness and efficiency; and critique a content marketing strategy. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 8: Marketing.
32
Hardi, Eja Armaz. "STUDI KOMPARATIF TAKAFUL DAN ASURANSI KONVENSIONAL." BISNIS : Jurnal Bisnis dan Manajemen Islam 3, no. 2 (August 18, 2016): 422. http://dx.doi.org/10.21043/bisnis.v3i2.1504.
Full textAbstract:
<p>The development of the sect of the sect of the conventional<br />economic science gave birth to two large flows in the economic system<br />of the countries in the world. The First, the classic economic ideologies<br />known with monetary policy in order to maintain the stability of the<br />state keekonomian. The second, understands the modern economy<br />that focusing the policy of the government in the fiscal sector. In the<br />middle of the rivalry between two economic ideologies, on the decade<br />of the 1970s in gagaslah an economic system which is considered as the<br />solution to accommodate the problems faced by a negra. The Islamic<br />economy with the basic philosophy that tend to be outside of the<br />mainstream economy offers the principle of values and the purpose of<br />the comprehensive and universal.<br />In the economic system countries there financial institutions<br />Banks and non-bank. In the adjacent is the author<br />membahasakan one of non-bank financial institutions, namely<br />insurance. As in conventional financial institutions there are<br />insurance, so also on the sharia financial institutions have sharia<br />insurance named with takaful. The subject of done author is gives a<br />comparison between the conventional insurance and takaful. So that<br />can provide a description of the opportunities takaful development in<br />Indonesia as a whole.<br />The Annual Report Bappepam-LK 2011 syariah insurance<br />(takaful) number of wealth and investment funds owned by Rp9,2<br />Trillion and Rp7,8 Triliundan growth that occurs on this industry<br />of 31,94% and 33,76%. From this study by relying on the principle that<br />is owned by the takaful conclusion can be that takaful in Indonesia<br />still have opportunities that is large enough to perform the expansion<br />of the market by touching the middle to society.</p>
33
Emamgholipour, Sara, Mohammad Arab, and Zahra Mohajerzadeh. "Life insurance demand: Middle East and North Africa." International Journal of Social Economics 44, no. 4 (April 10, 2017): 521–29. http://dx.doi.org/10.1108/ijse-04-2015-0106.
Full textAbstract:
Purpose Life insurance is a kind of long-term investment; hence, the purpose of buying life insurance is to cover both current and future damages for the insured. Although insurance plays a crucial rule in fiscal and economic development, in MENA countries, insurance, especially life insurance, remains undeveloped, with a low penetration rate. Therefore, the purpose of this paper is to determine the factors that affect life insurance demand. Design/methodology/approach To analyze the determinants of life insurance demand during 2004-2012, a panel data model was estimated with Eviews software. Data on population, gross domestic product (GDP), interest rate, inflation rate, and human development index are extracted from the World Bank, and data on life insurance premium are gathered from Sigma International reports. Findings Results show that the price elasticity of life insurance demand is −0.77, the elasticity of life insurance subject to HDI is 1.68, the elasticity of life insurance subject to GDP is 0.92, and the elasticity of life insurance subject to interest rate is −0.33. The demand for life insurance has a positive significant relationship with population size. Research limitations/implications The low elasticity of life insurance demand subject to GDP, interest rate, and inflation rate shows that the life insurance penetration rate in MENA countries is due to the dominance of compulsory insurance, and not due to voluntary purchasing of life insurance. The higher effect of HDI on the life insurance demand illustrates that, for developing the life insurance market, it is first necessary to improve the standard of life, education status, and the economic base. Originality/value As in the MENA region life insurance has remained undeveloped and there are no related studies in this area, it can be hypothesized that the life insurance penetration rate in MENA is due to the dominance of compulsory insurance and not due to voluntary purchasing of life insurance. The higher effect of HDI on life insurance demand illustrates that, for developing the life insurance market, it is first necessary to improve the standard of life, education status, and economic base.
34
Setiawan, Awan, and Erwin Yulianto. "PENERAPAN DATA MINING DENGAN ASSOCIATION RULES UNTUK MELIHAT HUBUNGAN TERTANGGUNG, PEMILIHAN PRODUK DAN PERILAKU NASABAH (Studi Kasus: PT. Prudential Life Assurance)." AIMS: Jurnal Accounting Information System 2, no. 1 (April 29, 2019): 1–17. http://dx.doi.org/10.32627/aims.v2i1.63.
Full textAbstract:
The world of insurance business that is full of competition makes the perpetrators must always think about breakthrough strategies that can guarantee the continuity of their insurance business. One of the main assets owned by insurance companies is business data in an extraordinary amount.Data mining is a new technology that is very useful to help insurance companies find very important information from business data as the main asset they have. Data mining can predict trends and traits of business behavior that are very useful to support important decision making. Automated analysis carried out by data mining exceeds that carried out by traditional support systems. Apriori and FP-Growth are the most famous algorithms for finding high frequency patterns, these algorithms are part of the Rule Association used in this study.
35
Idris, Munawir, and Darminto Hartono Paulus. "Sharia Life Insurance: Legal Basis and Operational Systems." Jurnal Hukum Prasada 7, no. 1 (April 7, 2020): 45–52. http://dx.doi.org/10.22225/jhp.7.1.1342.45-52.
Full textAbstract:
Islamic life insurance is a non-bank financial institution that is used by the Muslim community as a medium in anticipating risks that might arise in the future. So that people make insurance, especially sharia life insurance as an alternative in dealing with future risks related to one's life. This study aims to determine the legal basis for sharia life insurance and its operating system as a forum for information for Muslim communities in Indonesia. In this study, the author uses the doctrinal research method in which the approach used is the regulatory approach (Islamic law) and the conceptual approach. This research prioritizes secondary data in its management such as primary legal materials, secondary legal materials, and tertiary legal materials. This study shows the origin of Islamic insurance is derived from the traditions of the Arab community at the time of the Prophet Muhammad, called Akilah. If someone dies (killed) by someone, then the family of the murderer is obliged to pay blood money (diyat) to the heirs of the victim. The blood money was collected from murderous families and then handed over to the heirs of the victims. This tradition later developed into Islamic insurance known today. Sharia insurance operational system is to use two contracts, namely Tabarru contract and mudharabah contract. With the existence of these two contracts, the elements of gharar, maysir and riba can be removed.
36
Andoh, Charles, and Susana Adobea Yamoah. "Reinsurance and Financial Performance of Non-life Insurance Companies in Ghana." Management and Labour Studies 46, no. 2 (February 25, 2021): 161–74. http://dx.doi.org/10.1177/0258042x21989942.
Full textAbstract:
The study examines how premiums ceded to a reinsurer affect the profitability of non-life insurance companies in Ghana. Secondary data on reinsurance ceded, combined ratio, assets, liabilities and return on assets for 20 non-life insurance companies over the period 2008–2018 were sourced from National Insurance Commission whilst interest and exchange rates variables were obtained from the Bank of Ghana. Panel regression model was employed for the analysis of the data collected. The results show that purchasing high levels of reinsurance alone does not affect the profitability of non-life insurance companies, but the combined effect of reinsurance and solvency ratio significantly impact their profitability. Managers of non-life insurance companies in Ghana should increase their ability to repay all financial obligations in the short, medium and long term in combination with reinsurance. This will enable insurers to stabilize growth, earn profits and meet their obligations to policyholders in a timely fashion. JEL Code: G22
37
Kukaj, Halil, Fisnik Morina, and Valdrin Misiri. "The Effects of the Insurance Market in the Development of Western Balkans Countries, with Special Emphasis on Kosovo." European Journal of Sustainable Development 8, no. 2 (June 1, 2019): 209. http://dx.doi.org/10.14207/ejsd.2019.v8n2p209.
Full textAbstract:
The purpose of this research is to see whether the insurance influences the economic development of Western Balkan countries. Currently, insurance comprises an economic sector that includes all activities of conception, production and trading of this type of service that is of public interest but generally carried out by private law entities. For the specification of the econometric model in this research, we are based on the secondary data published in the official reports of the World Bank, the Central Bank, and the statistical agencies of some countries. To measure empirical results, there are used these statistical tests: fixed effects model, Hausman Taylor Regression, generalized method of the moment (GMM), and GLS regression. Based on the empirical results, we can conclude that life insurance and non-life insurance have a significant connection and positively impact the economic growth of these countries. Other variables that have shown a positive result in economic growth are: GDP per capita, Exports, whereas variables that negatively impact on economic growth are inflation and government spending.The empirical results of this document may recommend that relevant institutions implement institutional improvements that contribute to strengthening competition, advancing risk management techniques, and so on. In conclusion, we can say that future researches can be done as events, life insurance or non-life insurance impact on economic growth in Kosovo and in the countries of the region. The study is carried out with secondary data, and all empirical analyses are original. Through the results of this study we intend to offer more empirical evidence for our country and countries in the region recommending that relevant institutions improve the functioning of the financial sector and especially the insurances part because it is the factor that affects the economic growth. Key words: Economic growth, life insurance, non-life insurance, Kosovo.JEL Classification: C23, E31, G22, O11
38
LOWENSTEIN, MATTHEW. "The China United Assurance Society and the Making of Chinese Life Insurance, 1912–1949." Enterprise & Society 21, no. 3 (February 24, 2020): 681–715. http://dx.doi.org/10.1017/eso.2019.48.
Full textAbstract:
This article traces the history of the first Chinese life insurance company: the China United Assurance Society. China United was founded in Shanghai in 1912 as a purely Chinese-owned enterprise and became the first Chinese life insurer to survive past its eighth year. By 1935, it boasted insurance in force of over 20 million yuan. In adapting life insurance to Republican China, China United had to contend with a number of extraordinary challenges. It had to train a corps of Chinese technical experts in a country without a single accredited actuary. It had to cultivate demand for a product that was poorly understood and often distrusted. At the same time, the Society was forced to find a way to manage a nationwide sales network that could market insurance products to a country that hitherto had little knowledge of life insurance. In doing so, it was threatened by interethnic strife sparked by racist practices of the foreign manager. Finally, China United had to overcome increasingly fierce competition, high lapse rates, and excess mortality that combined to drive underwriting profits negative. The Society was able to survive as a going concern only through its investing prowess in Chinese capital markets. Using previously unmined sources from the Shanghai Municipal Archives, this article charts China United’s turbulent process of indigenization, and explores its lasting legacies in the contemporary Chinese life insurance industry.
39
Iqbal, Muhammad. "PENGELOLAAN DANA TABARRU’ ASURANSI JIWA SYARIAH DALAM PEMBIAYAAN MURABAHAH DI BANK SUMSEL BABEL CABANG SYARIAH BATURAJA." Medina-Te : Jurnal Studi Islam 13, no. 1 (October 18, 2017): 25–38. http://dx.doi.org/10.19109/medinate.v13i1.1540.
Full textAbstract:
The existence of insurance in the modern era which is the embryo of conventional insurance based gharar, maysir, and usury ', making Islamic legal experts react by conducting research and analysis of the issue. The result proves that in Islamic law contains substance of insurance which can avoid the operational principle of gharar, maysir, and usury element '. This study aims to explain how the management of tabarru funds' sharia life insurance in murabahah financing in Bank Sumsel Babel Branch Sharia Baturaja. Insurance company that made the object of research is PT. Asuransi Bangun Askrida Unit Syariah. The research method used is descriptive qualitative method. The results concluded that the Management of Tabarru 'Sharia Life Insurance Fund PT. Asuransi Bangun Askrida Syariah Palembang Unit in Murabahah Financing at Bank Sumsel Babel Branch Sharia Baturaja uses insurance product mechanism with non saving element which separates the contribution fund into two parts, that is 42,5% for ujrah manager, and 57,5% for investment of tabarru fund '. If there is an underwriting surplus at the end of the period closing, it will be allocated 30% for Managers, 30% for tabarru 'funds reserves, and 40% for Participants who meet the requirements of obtaining surplus incentives. However, if there is an underwriting deficit in the management of the tabarru funds 'funds, the Insurance Company is obliged to cope with the shortage of tabarru' funds in the form of loans (qardh).
40
Chaudhury, Suman Kalyan, and Sanjay Kanti Das. "Trends in Marketing of New Insurance Schemes and Distribution: An Empirical Study on Indian Life Insurance Sector." Journal of Business and Technology (Dhaka) 9, no. 2 (December 31, 2015): 61–81. http://dx.doi.org/10.3329/jbt.v9i2.26196.
Full textAbstract:
Insurance has been an integral part of financial services system and recognised as a cornerstone of a countrys financial health and symbol of progress. Insurance provides for the financial security of citizens and their families. The present paper discusses the role of marketing in insurance distribution of life insurance sector in India as insurance offers a valuable investment advices and serves as an effective step towards both individual and national financial stability. The waves of globalisation have deeply influenced the insurance sector worldwide. Financial globalisation has been strongly supported by globalisation of insurance. With the increase in trade, direct investment and portfolio investment, there has been an ever growing demand for insurance services particularly in the emerging markets. Globalisation of insurance market, as a part of the overall process of liberalisation in emerging and other countries enabled the foreign insurance companies to enter in those countries and benefited both. Triggered by the sound fundamentals in global economy and internationalisation of world markets, several countries turned towards free market regimes in banking and insurance, putting an end to several decadeold state-owned controlled markets. There was a remarkable progress in the Indian insurance industry soon after the acceptance and adaptation of LPG in the year 1991. After 1991, the Indian life insurance industry has geared up in all respects, as well as it has been forced to face a lot of healthy competition from many national as well as international private insurance players. It is also reported by Swiss Re and Munich Re that there would be 20-25 percent growth in life and health insurance market by 2015, particularly in India and China. In this paper an effort is made to study the current status and challenges faced by the life insurance business houses in India.Journal of Business and Technology (Dhaka) Vol.9(2) 2014; 61-81
41
Melnychuk, Yu M., O. B. Shkolenko, A. V. Gumeniuk, and V. V. Melnik. "BANK DEPOSIT AS A DIRECTION OF INVESTMENT ACTIVITY’S ACTIVATION OF INSURERS IN LIFE INSURANCE." Financial and credit activity: problems of theory and practice 4, no. 27 (December 31, 2018): 41–48. http://dx.doi.org/10.18371/fcaptp.v4i27.154008.
Full text
42
Adam, Rahmat, and Saiful Anwar. "KEDUDUKAN TERTANGGUNG DALAM ASURANSI JIWA KREDIT." Legal Standing : Jurnal Ilmu Hukum 5, no. 1 (March 5, 2021): 84. http://dx.doi.org/10.24269/ls.v5i1.2181.
Full textAbstract:
The position of the insured credit life insurance in the bank that handles the insurance company as the insurer and the banking company as the policy holder, which provides credit and terms that require a balanced and direct relationship. This is important, because the different interests of this large industry are related to the insured. For this reason, the insured credit life insurance company needs legal protection with special arrangements, which are based on existing norms. In addition, the interests of the two industries as insurers and policyholders need synergy. interest in credit management for each.
43
Ling, Shixian, Guosheng Han, Dong An, Armigon Akhmedov, Hui Wang, Hui Li, and William Cannon Hunter. "The Effects of Financing Channels on Enterprise Innovation and Life Cycle in Chinese A-Share Listed Companies: An Empirical Analysis." Sustainability 12, no. 17 (August 19, 2020): 6704. http://dx.doi.org/10.3390/su12176704.
Full textAbstract:
This paper offers an empirical analysis of the effects of financing channels on innovation and the regulatory effect of the enterprise life cycle based on data published from 2008 to 2017 on publicly traded companies in China. The results show that government subsidies, tax preferences, self-owned funds, and equity financing have significant positive incentives for enterprise innovation, and the incentive intensity is gradually weakened while bank loans will hinder enterprise innovation. The impacts of various financing channels on enterprise innovation vary with the different stages of the enterprise life cycle, and the overall performance is weakened with the advancement of the life cycle. According to the grouping research of property rights, it is found that the impacts of various financing channels on the innovation of non-state-owned enterprises are more significant than those of state-owned enterprises. Further research finds that the influence of each financing channel on enterprise innovation is U-shaped or inverted U-shaped, indicating that there is a moderate range of each financing channel. This study is of great significance to fully understand the impacts of various financing channels on enterprise innovation and the regulatory role of the enterprise life cycle and to optimize the allocation of innovation resources.
44
Zeng, Qi, and Long Ling Wang. "Analysis on the Acquisition between Ping an Insurance Company of China, Ltd and Shenzhen Development Bank Limited Company." Advanced Materials Research 219-220 (March 2011): 1403–6. http://dx.doi.org/10.4028/www.scientific.net/amr.219-220.1403.
Full textAbstract:
June 12, 2009, Ping An Insurance (Group) Company of China, Ltd published announcement that it would adopt " directional addition + agree on transfering " to acquire Shenzhen Development Bank. The news came out, all walks of life proclaimed comments in droves, which account for the majority, so far the transaction has been gained first certainty from the China Insurance Regulatory Commission, Department of Commerce, China's Bank Regulatory Commission, China's Securities Regulatory Commission and other departments. This paper attempts to review the process of this incident, briefly analyze of the advantages and disadvantages after its acquisition, discuss the guided significance to mixed operation of China's financial industry.
45
Brown, Jennifer L. "The Spread of Aggressive Corporate Tax Reporting: A Detailed Examination of the Corporate-Owned Life Insurance Shelter." Accounting Review 86, no. 1 (January 1, 2011): 23–57. http://dx.doi.org/10.2308/accr.00000008.
Full textAbstract:
ABSTRACT: This study investigates the spread of aggressive corporate tax reporting by modeling a firm’s decision to adopt the corporate-owned life insurance (COLI) shelter. Prior studies identify firm characteristics associated with aggressive tax reporting (Desai and Dharmapala 2006; Frank et al. 2009) and tax shelter participation (Wilson 2009; Lisowsky 2010). This study examines whether social environment factors explain the pattern of tax shelter adoption. Building on theory related to the diffusion of innovations and institutional isomorphism, I hypothesize direct and indirect ties between prior and potential shelter adopters influence the spread of shelter use. I find that network ties via board interlocks increase the likelihood of adopting the COLI shelter. I also find weak evidence that COLI use spreads geographically. However, I find no evidence that the spread of COLI use is concentrated among a particular set of audit firms or industries.
46
Sharma, Puspa Raj. "An Overview of Insurance Services in Nepal." Janapriya Journal of Interdisciplinary Studies 2 (August 17, 2017): 12–20. http://dx.doi.org/10.3126/jjis.v2i1.18061.
Full textAbstract:
The present scenario of micro (finance and insurance) seems a lot of uncertainty. Naturally uncertainty gives birth to risk. Therefore, the need for risk-management solutions is undisputed by policy makers, who are aware that poor families can lose - in a matter of hours - assets that took years to accumulate, due to a sudden sickness or accident. The policy to provide free primary care and to a certain degree secondary care is positive step and could effectively help to reduce financial exposure of Nepal’s poor when the policy is implemented and functional on large scale. But even if this would succeed, only a part of the vulnerability is reduced: the poor still have to pay for services not covered under this policy, such as certain hospitalization cases, the transportation to health care providers, wage-loss – to name a few. The poor households currently need to finance huge amounts of health expenses (out of pocket expenditure) which are over and above their current income(s) and savings. They therefore need to resort to multiple sources of financing, of which a major source is borrowing.At present, there are 25 registered insurance companies in Nepal. Of these, 8 are private commercial life insurers, 16 are private commercial non-life insurers and 1 is composite insurer, i.e., Rastriya Beema Sansthan owned by the government.Janapriya Journal of Interdisciplinary StudiesVol. 2, No.1 (December 2013), page: 12-20
47
DANSU, Sewhenu Francis, Olufemi Adebowale ABASS, and Yeside Abiodun OYETAYO. "FACTORS INFLUENCING THE CHOICE OF THIRD PARTY LIABILITY MOTOR INSURANCE AMONG ACADEMIC STAFF IN LAGOS STATE, NIGERIA." LASU Journal of Employment Relations & Human Resource Management 1, no. 1 (December 1, 2018): 210–20. http://dx.doi.org/10.36108/ljerhrm/8102.01.0122.
Full textAbstract:
The coverage of the Third Party Liability (TPL) motor insurance is limited when compared with the third party liability, fire & theft and comprehensive coverage. Notwithstanding this limitation, vehicle owners seem to still prefer the third party liability motor insurance policy. This study seeks to identify the major factors responsible for this sentiment. 300 academic staff across five tertiary institutions in Lagos were engaged in this study. Data were gathered with the use of structured questionnaire, 146 copies of the questionnaires were duly completed and found useful for the study. The data were analysed by conducting factor analysis and testing three hypotheses using correlation analysis with the aid of Statistical Package for Social Sciences (SPSS), version 20. The study found significant positive relationship existing between family size, price of insurance, number of vehicles owned and marital status and the choice of TPL motor insurance policy among academic staff of higher institutions in Lagos State. The findings of the study reflected that TPL motor insurance is preferred because it is cheap and its purchase will not mainly hinder the attainment of the needs of any family members. It is recommended that safety of life and properties other than price of motor insurance should be considered when making motor insurance policy choice and that there is need to review the law of motor insurance with the aim of expanding the mandatory minimum coverage to cater for the life and properties of the insured.
48
Kambali, Muhammad. "MEKANISME PENGELOLAAN DANA TABARRU’ ASURANSI SYARIAH PRUDENTIAL LIFE ASSURANCE." JES (Jurnal Ekonomi Syariah) 2, no. 1 (September 4, 2017): 91–101. http://dx.doi.org/10.30736/jes.v2i1.30.
Full textAbstract:
Sharia Insurance according to a binding ruling in religious matters (fatwa) of the National Shari'ah Board of the Indonesian Ulama Council no: 21 /DSN-MUI/ X / 2001 is a mutual effort to help among a number of people/parties through investment in assets or tabarru' which provides a pattern of return to face certain risks through engagement in accordance with the sharia. PRUlink sharia is an insurance product associated with sharia-based investment. PRUlink Syariah is designed to meet the society's need for future financial designs in accordance with Islamic principles of sharia. There are two types of product of PRUlink Syariah insurance, namely PRUlink Syariah Investor Account and PRUlink Syariah Assurance Account. Kind of Product in PRUlink Syariah is contract between policy holders using contract of tabarru which is called hibah and the owner of the policy/participant premises sharia insurance company using contract of tijarah called wakalah bin ujrah. In sharia insurance there is a surplus sharing that will be distributed to customers calculated at the end of the calendar year. This can be obtained if there are more funds than tabarru' accounts that have been reduced by claims and debt to the company if any. How is PRUlinksyariah managed in Prudential? The result of the research shows that PRUsyariah premium management in Prudential is separated by two accounts, namely tabarru' account and investment account. The own fund is managed by Eastpring Investment, that is manager company from Asia prudential, while allocation of fund is invested in stocks and obligation which is in accordance with sharia principles contained in the Jakarta Stock Exchange. For the choice of investment in PRUsariah, there are three options of investment, namely Sharia-Rupiah Equity Fund, Sharia-Rupiah Managed Fund or Sharia-Rupiah fixed Income fund, in accordance with the choice of the next participant. From the investment result the participant agrees to pay tabarru’ contribution directly input into tabarru' account. Tabarru’ funds are fully owned by participants and used to pay claims participants claim at any time, but if there is tabaaru’ funds excess with claims total in one year as of 31 December paid, then tabarru’ surplus or that is called surplus will be distributed participants that meet the requirements to get the surplus.
49
Irrinki, Mohana Krishna, and Kuberudu Burlakanti. "PERCEPTION ON PRADHAN MANTRI JANDHAN YOJANA - A STUDY WITH REFERENCE TO THALLAREVU MANDAL." International Journal of Research -GRANTHAALAYAH 5, no. 6 (June 30, 2017): 129–46. http://dx.doi.org/10.29121/granthaalayah.v5.i6.2017.2006.
Full textAbstract:
Financial inclusion aims at delivering the financial services at an affordable cost to sections of disadvantaged and low-income segments of society. Financial inclusion is an innovative concept which promotes the banking habits among the financially excluded people and enables to reduce poverty and the launch of Pradhan Mantri Jan Dhan Yojana (PMJDY) by Government of India is in that direction. This scheme is not confined to opening of bank account but has other advantages blended with it such as Zero Balance bank account with RuPay debit card, Accidental Insurance cover of Rs 1 lakh, Life Insurance cover of Rs 30,000, etc. This paper is an attempt to identify the perception of the people of Thallarevu Mandal about the newly launched scheme Pradhan Mantri Jan Dhan Yojana.
50
Alhassan, Abdul Latif, and Nicholas Biekpe. "Pricing power in insurance markets: evidence from South Africa." International Journal of Bank Marketing 37, no. 5 (July 1, 2019): 1371–92. http://dx.doi.org/10.1108/ijbm-10-2018-0297.
Full textAbstract:
Purpose In less competitive markets, firms with market power are likely to exercise pricing power by setting output prices above their marginal cost, inducing welfare losses from resource misallocation, managerial inefficiency and market instability. In order to address such market imperfections, it is important for regulatory authorities to identify the sources of pricing power and devise policies to address their adverse effects. In this context, the purpose of this paper is to undertake an empirical analysis to identify the determinants of pricing power in the South African non-life insurance market. Design/methodology/approach The authors estimate the Lerner competitive index as the proxy for pricing power using annual data on 79 firms from 2007 to 2012. In the second stage, the paper employs panel regression techniques in the ordinary least squares, random effects and generalised method of moment’s estimations to examine the effect of insurer level characteristics on pricing power. Findings The authors find the market to be characterised by firms with high pricing power. Domestic-owned insurers are found to exercise high pricing power compared with foreign-owned insurers. The authors also identify size, cost efficiency, product line diversification, market concentration, leverage and reinsurance contracts as the significant predictors of pricing power in the market. Finally, through a quantile regression analysis, the authors find the effect of cost efficiency, business line diversification and reinsurance to be heterogeneous across different quantiles of pricing power. Practical implications The findings provide regulatory authorities with useful indicators in addressing anti-competitive behaviour in high pricing power to enhance the stability of the insurance market and improve consumer welfare and economic development. Originality/value To the best of the authors’ knowledge, this is first paper to examine the determinants of pricing power and competitive behaviour in an insurance market.