Log in

Relevant bibliographies by topics / Regulation of investment linked insurance / Journal articles

To see the other types of publications on this topic, follow the link: Regulation of investment linked insurance.

Journal articles on the topic 'Regulation of investment linked insurance'

Author: Grafiati

Published: 4 June 2021

Last updated: 11 February 2022

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles

Select a source type:

Consult the top 50 journal articles for your research on the topic 'Regulation of investment linked 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

Sena, Christine Magdalena Kurniasih, and Suherman Suherman. "Tanggung Jawab Hukum Perjanjian Asuransi Jiwa Unit Link di PT. Prudential Life Assurance Jakarta." Wajah Hukum 5, no. 1 (April 23, 2021): 61. http://dx.doi.org/10.33087/wjh.v5i1.342.

Full text

Abstract:

This study aims to determine and understand how the legal liability of the Prudential Life Assurance Company in carrying out and marketing unit-linked life insurance products, namely insurance products that are linked to investment according to the prevailing laws and regulations. In addition, this study also aims to determine how the responsibility of agent who act for and on behalf of the company in entering into unit-linked insurance product agreements and what risks must be borne by the insurer and the insured against the unit-linked life insurance agreement. This research uses normative legal research with a statutory approach and a conceptual approach. The result of this research is that the unit linked insurance agreement is included in the agreement in general which contains the principle of consensualism, namely the existence of a voluntary agreement in this case to enter into an insurance contract agreement between the insurer and the insured. Prudential Indonesia in marketing unit-linked life insurance products has also complied with the provisions in the Financial Services Authority Circular Letter Number /SEOJK.05/2019 concerning Insurance Products Related to Investment.

APA, Harvard, Vancouver, ISO, and other styles

2

Rose, Nancy L. "Fear of Flying? Economic Analyses of Airline Safety." Journal of Economic Perspectives 6, no. 2 (May 1, 1992): 75–94. http://dx.doi.org/10.1257/jep.6.2.75.

Full text

Abstract:

The safety of the commercial airline industry has attracted considerable attention in the wake of airline deregulation, amid growing concerns that the historical superiority of U.S. jet carriers' safety records may have been linked to economic regulation of the industry by the Civil Aeronautics Board. These worries have energized economic research on a broad range of questions relating to airline safety. I describe our progress in answering four questions: First, has airline safety declined since deregulation? Second, how has airline deregulation affected the safety of travelers overall, (taking into account indirect channels through which airline deregulation may have changed travel risks, including the substitution of commuter airlines for jet service and the replacement of highway driving by air travel)? Third, what accounts for differences in safety performance across carriers? Fourth, what are the market penalties for airline accidents? (If consumers and insurance companies penalize airlines with worse safety records, carriers may be disinclined to reduce safety investment, even if regulatory changes would permit them to do so.)

APA, Harvard, Vancouver, ISO, and other styles

3

Gupta, Anant. "Unit Linked Insurance Products (ULIPs) - Insurance or Investment?" Procedia - Social and Behavioral Sciences 37 (2012): 67–85. http://dx.doi.org/10.1016/j.sbspro.2012.03.276.

Full text

APA, Harvard, Vancouver, ISO, and other styles

4

Poufinas, Thomas, and Dimitrios Zygiotis. "How transparency affects investment-linked insurance products." International Advances in Economic Research 23, no. 4 (November 2017): 405–18. http://dx.doi.org/10.1007/s11294-017-9661-9.

Full text

APA, Harvard, Vancouver, ISO, and other styles

5

Rozhenko, Oleksandra. "LEGAL REGULATION OF INVESTMENT INSURANCE IN UKRAINE." Law Journal of Donbass 71 (June 2020): 89–96. http://dx.doi.org/10.32366/2523-4269-2020-71-2-89-96.

Full text

APA, Harvard, Vancouver, ISO, and other styles

6

Zaletov, О. "STATE REGULATION OF INVESTMENT INSURANCE COMPANIES IN UKRAINE." Bulletin of Taras Shevchenko National University of Kyiv Economics, no. 180 (2016): 25–32. http://dx.doi.org/10.17721/1728-2667.2016/180-3/4.

Full text

APA, Harvard, Vancouver, ISO, and other styles

7

Chen, An, Thai Nguyen, and Mitja Stadje. "Optimal investment under VaR-Regulation and Minimum Insurance." Insurance: Mathematics and Economics 79 (March 2018): 194–209. http://dx.doi.org/10.1016/j.insmatheco.2018.01.008.

Full text

APA, Harvard, Vancouver, ISO, and other styles

8

Kolobov, A. "Efficiency of investment activities of insurance companies in the framework of state investment policy." Normirovanie i oplata truda v promyshlennosti (Rationing and remuneration of labor in industry), no. 10 (October 1, 2020): 67–74. http://dx.doi.org/10.33920/pro-3-2010-08.

Full text

Abstract:

The article defines the essence of the investment activities of insurance companies. The peculiarities of the investment activity of insurance companies. Substantiates the basic problems of investment activity of insurance companies and offered possible solutions. The contribution of the insurance sector in the formation of investment resources. Directions of perfection of state regulation of investment activity of insurance companies in Russia.

APA, Harvard, Vancouver, ISO, and other styles

9

Eshchanova, Dauletbike Ametbekovna. "Innovative Implementation Of Investment Insurance In The Republic Of Uzbekistan." American Journal of Political Science Law and Criminology 03, no. 06 (June 12, 2021): 109–15. http://dx.doi.org/10.37547/tajpslc/volume03issue06-16.

Full text

Abstract:

This article examines the civil regulation of the innovative implementation of investment insurance activities in the Republic of Uzbekistan, the issues of attracting and using investments through innovative activities. The article provides definitions of the basic concepts of innovation in the field of investment insurance and legal innovation. The analysis of the civil legislation in force in the field of foreign investment insurance regulation and innovative implementation of investment insurance in the country has been carried out. Furthermore, proposals will be made to improve legislation in the field of investment insurance in the republic by introducing IT technologies in the process of investment insurance activities.

APA, Harvard, Vancouver, ISO, and other styles

10

Kokoris, Athanasios, Fragiskos Archontakis, and Christos Grose. "Market risk assessment." Journal of Risk Finance 21, no. 2 (April 13, 2020): 111–26. http://dx.doi.org/10.1108/jrf-05-2019-0078.

Full text

Abstract:

Purpose This study aims to examine whether the methodology proposed by the European Supervisory Authorities (ESAs) within Delegated Regulation (European Union) 2017/653 for the calculation of market risk of certain packaged retail and insurance-based investment products (PRIIPs) is the most appropriate. Design/methodology/approach Risk models are put into effect to validate the appropriateness of the methodology announced by ESAs. ESAs have announced that the unit-linked (UL) products, labeled as Category II PRIIPs, will be subject to the Cornish–Fisher value-at-risk (CFVaR) methodology for their market risk assessment. We test CFVaR at 97.5% confidence level on 70 UL products, and we test Cornish–Fisher expected shortfall (CFES) at the same confidence level, which acts as a counter methodology for CFVaR. Findings The paper provides empirical insights about the Cornish-Fisher (CF) expansion being a method that incorporates the possibility of financial instability. When CFVaR by ESAs is calculated, it is shown that CF is in general a more robust risk model than the simpler historical ones. However, when CFES is applied, important points are derived. First, only in half of the occasions the CF expansion can be considered as a reliable method. Second, the CFES is a more coherent risk measure than CFVaR. We conclude that the CF expansion is unable to accurately estimate the market risk of UL products when excessive fat-tailed or non-symmetrical distributions are present. Hence, we suggest that a different methodology could also be considered by the regulatory bodies which will capture the excessive values of products in financial distress. Originality/value Literature, both theoretical and applied, regarding PRIIPs, is not extended. Although business and regulators research has begun to intensify in the last two years, to our knowledge this is one of the first studies that uses the CFES methodology for market risk assessment of Category II PRIIPs. In addition, we use a unique data set from a country in the headwinds of the recent financial crisis. This research contributes both to the academic and business community by enriching the existing literature and aiding risk managers in assessing the market risk of certain Category II PRIIPs. Considering the recent efforts of the regulatory authorities at the beginning of 2020 to implement certain amendments to the PRIIPs, we indicate relative risks related with the calculation of the market risk of the aforementioned products. Our findings could contribute to regulatory authorities’ persistent efforts in wrapping up this ongoing project.

APA, Harvard, Vancouver, ISO, and other styles

11

PYSMENNA, Tetiana. "INVESTMENT RISKS OF INSURANCE COMPANIES THROUGH THE PRISM OF DOMESTIC PRACTICE." WORLD OF FINANCE, no. 3(52) (2017): 34–47. http://dx.doi.org/10.35774/sf2017.03.034.

Full text

Abstract:

Introduction. In modern conditions insurance companies has engaged in investment activity under various risks. Management of insurance company can’t influence the market risks. Insurance company can apply the methods of risk management in investment activity. Purpose. The purpose of scientific research is to find out the essence and composition of investment risks of insurance company. Results. The essence of the investment risk of insurance company is found out. The position of investment activity of insurance company along insurance activity under different scientific views is determined. Aggressive, conservative and moderately conservative investment strategies of insurance companies are characterized. The main indicators of investment activity of domestic insurance companies are analyzed. The types of investment risk of insurance company are determined. The main methods of neutralizing the risk of investment activity of insurance company are established. Conclusion. It is concluded that the essence of the investment risk of insurance company belongs to a number of controversial ones. Established, that insurance and investment activities of insurance company are closely linked. It has been found, that aggressive, conservative and moderately conservative investment strategies of insurance companies are different levels of profitability and risk of funds allocation. Over the last years the investment activity of domestic insurance companies showed almost stable positive results. Summarized, that investment risks, associated with incompetent management, the most threaten to insurance company. Avoidance, limitation and diversification are the main methods of neutralizing the risks in investing activity of insurance companies.

APA, Harvard, Vancouver, ISO, and other styles

12

Gatzert, Nadine, Carin Huber, and Hato Schmeiser. "Investment guarantees in unit-linked life insurance from the customer perspective." Zeitschrift für die gesamte Versicherungswissenschaft 99, no. 5 (October 14, 2010): 627–36. http://dx.doi.org/10.1007/s12297-010-0126-y.

Full text

APA, Harvard, Vancouver, ISO, and other styles

13

JULIANTARI, JULIANTARI, I. WAYAN SUMARJAYA, and I. NYOMAN WIDANA. "PREMI TUNGGAL ASURANSI JIWA SEUMUR HIDUP UNIT LINK DENGAN GARANSI MINIMUM DAN NILAI CAP MENGGUNAKAN METODE POINT TO POINT." E-Jurnal Matematika 6, no. 1 (January 20, 2017): 22. http://dx.doi.org/10.24843/mtk.2017.v06.i01.p144.

Full text

Abstract:

Unit-linked whole life insurance is an insurance that combines traditional whole life insurance with modern insurance unit-links which provide both protection and investment. One of indexing method for calculating premium of unit-linked insurance is point to point method. The data used in this study was the closing price of PT. Astra Agro Lestari, Indonesia Tbk and The mortality table used in this research is Indonesia’s Mortalita Table III Men. It was obtained that the net single premium for whole life insurance unit-linked for the insured aged 45 years is amounted to Rp. 350.324,-

APA, Harvard, Vancouver, ISO, and other styles

14

Dorofeeva, Yulia Valeryevna. "The features of legal regulation of insurance companies' investment activity." Interactive science, no. 5 (15) (May 18, 2017): 104–6. http://dx.doi.org/10.21661/r-130324.

Full text

APA, Harvard, Vancouver, ISO, and other styles

15

Huang, Emily J., Erin P. Lu, and Glenda W. Kao. "Investment Regulation, Portfolio Allocation, and Investment Yield in the U.S. and China Insurance Industry." Chinese Economy 49, no. 1 (January 2, 2016): 32–44. http://dx.doi.org/10.1080/10971475.2016.1114404.

Full text

APA, Harvard, Vancouver, ISO, and other styles

16

LUIBOV, Ulibina, Gulzira SERIKOVA, Okorokova OLGA, Amir SEMBEKOV, Svetlana VOROBYEVA, and Josef AFF. "Strategy of Management by Insurance Reserves of the Insurance Organizations." Journal of Advanced Research in Law and Economics 8, no. 8 (September 4, 2018): 2490. http://dx.doi.org/10.14505//jarle.v8.8(30).20.

Full text

Abstract:

In the article the author considers the mechanism of state regulation of formation and strategy of management of insurance reserves of insurance organizations of Russia, Kazakhstan and Belarus discussed the factors that determine the dynamics of the modern state and tendencies of development of insurance markets and their financial capacities, the structure of insurance reserves, the investment yield.

APA, Harvard, Vancouver, ISO, and other styles

17

Nasyrova, G. A. "RISK-MANAGEMENT IN THE ANTI-CRISIS REGULATION OF INSURANCE INDUSTRY." Strategic decisions and risk management, no. 1 (October 29, 2014): 78–81. http://dx.doi.org/10.17747/2078-8886-2012-1-78-81.

Full text

Abstract:

It is considered risk-management of the insurance company as the element of anti-crisis regulation at the microlevel, realized in anti-crisis management. The program of technical risk management is made with a glance a life-cycle of the insurance company. The presented approach assumes inclusion in the management program of investment, currency, social and other risks of the insurance activity.

APA, Harvard, Vancouver, ISO, and other styles

18

Fauzi, Wetria. "The Authority of the Financial Services Authority (OJK) in Publishing Insurance Regulation in the Perspective of Insurance Law In Indonesia." Jurnal Hukum & Pembangunan 47, no. 2 (July 2, 2017): 211. http://dx.doi.org/10.21143/jhp.vol47.no2.1452.

Full text

Abstract:

Legal basis of the formation of the Financial Services Authority (OJK) is based on the Article 34 of the Law No. 3 of 2004 on Bank Indonesia. The legislation process was then approved and endorsed the Law No. 21 of 2011 on the Financial Services Authority (OJK). Article 6 of the law gives the OJK authority to supervise both for bank and non-bank financial institution, including insurance agencies. Article 5 of the Insurance Law, OJK is given a mandate to make a regulation to expand the scope of the insurance business activities in accordance with the needs of the society. One of the businesses is investment-based insurance. Regulations made by OJK must not be contrary to the Insurance Law itself. One issue is found on the draft of the OJK regulation regarding the permissibility of general insurance conducting investment-based insurance business.

APA, Harvard, Vancouver, ISO, and other styles

19

Vojinović, Željko, Vera Zelenović, and Atila Savai. "Life insurance linked to investment units: Comparison of the Serbian and Hungarian markets." Anali Ekonomskog fakulteta u Subotici, no. 39 (2018): 171–85. http://dx.doi.org/10.5937/aneksub1839171v.

Full text

APA, Harvard, Vancouver, ISO, and other styles

20

Heide, Arjen. "Making financial uncertainty count: Unit‐linked insurance, investment and the individualisation of financial risk in British life insurance." British Journal of Sociology 71, no. 5 (September 11, 2020): 985–99. http://dx.doi.org/10.1111/1468-4446.12783.

Full text

APA, Harvard, Vancouver, ISO, and other styles

21

IGNATYUK, Anzhela, and Antonina SHOLOIKO. "SECURITY OF UKRAINE’S INSURANCE MARKET UNDER FINANCIAL GLOBALIZATION: THREATS AND DIRECTIONS OF REGULATION." Economy of Ukraine 2019, no. 4 (May 3, 2019): 18–28. http://dx.doi.org/10.15407/economyukr.2019.04.018.

Full text

Abstract:

The main purpose of any insurance market is to ensure the continuity of the production process and the formation of sources of investment resources for the development of the country’s economy. However, in a context of financial globalization, this function can be unrealized due to the increased vulnerability of insurance markets to the impact of global crisis and capital outflow through the processes of mergers and acquisitions of insurance companies, foreign investments, international reinsurance, etc. This generates threats to the security of Ukraine’s insurance market. And hence, the purpose of the article is to develop recommendations on how to regulate the safety of Ukraine’s insurance market on the basis of an analysis of the manifestations of financial globalization in the world’s insurance markets and the identified threats. The authors consider financial globalization as the formation of a global financial market that can be defined as a market in which international financial intermediaries (banks, insurance companies, etc.) sell financial services worldwide. The processes of financial globalization cause such security threats to the insurance market, as: acquisition by foreign insurers of national insurance companies, outflow of investment resources abroad, growth of dependence on external reinsurance and others. To strengthen the security of Ukraine’s insurance market under financial globalization, the following directions of regulation are proposed: (i) to establish requirements for external investments of insurers not only in the part of securities of foreign issuers, but also in relation to other assets, which can be represented by insurance reserves; ii) to carry out ongoing monitoring of security indicators of the insurance market: the share of insurance payments belonging to reinsurers-non-residents in gross insurance payments; the share of foreign capital in the authorized capital of insurance companies; market share of foreign insurance companies; iii) to increase the independence from external reinsurance, the capitalization of Ukrainian insurers should be increased on the basis of the introduction of Solvency II principles for the growth of the reinsurance capacity of the national insurance market and stimulation of the export of reinsurance services.

APA, Harvard, Vancouver, ISO, and other styles

22

Supriadi, Nanang. "PEMODELAN MATEMATIKA PREMI TUNGGAL BERSIH ASURANSI UNIT LINK SYARIAH." Al-Jabar : Jurnal Pendidikan Matematika 8, no. 2 (December 19, 2017): 165. http://dx.doi.org/10.24042/ajpm.v8i2.1883.

Full text

Abstract:

The exact risk factor can be managed by transferring the risk to the other party (in this case the insurance company). In this paper will be discussed more life insurance, as the development now there are types of insurance combined with investment, which is popular with the term Unit Link insurance. Unit link Syariah began to be launched as one of the fulfilment of the high needs of the community, the privilege of the product Unit of Islamic links is actually located in the elements of the laws in accordance with Islamic Syariah. The issues that will be discussed are how to get a single premium model of life insurance unit link Syariah with life insurance and investment fund allocation invested in investment product with a big interest rate of risk (financial approach) and investment product with the value of return maximum (actuarial approach). The resulting model is then implemented in case of examples by comparing the two approaches to see the shortcomings and advantages of Unit link lifetime life insurance when compared to life insurance. The result obtained from this research is the benefit obtained from Unit-linked sharia insurance on average will be greater if compared with life insurance for life, maximum benefit will be obtained Insurance Unit Link of sharia using actuarial approach compared to financial, but benefit with a relative financial approach more stable than actuarial approaches that tend to fluctuate.

APA, Harvard, Vancouver, ISO, and other styles

23

WIDANA, I. NYOMAN, and KETUT JAYANEGARA. "ANALISIS PRODUK ASURANSI UNIT LINK DI INDONESIA." E-Jurnal Matematika 8, no. 1 (February 2, 2019): 42. http://dx.doi.org/10.24843/mtk.2019.v08.i01.p233.

Full text

Abstract:

This paper presents a unit-linked insurance which is a modern insurance. The policyholders will get benefits of insurances and investment. The aim of this research is to analysis of unit link insurance products in Indonesia. Especially to analysis the mortality cost, premium, return, and profit of the product. The method used is a stochastic profit testing method and the results of the study show that mortality cost offered by the three unit link companies selected as the sample of this study are greater than the insurance costs calculated based on the Indonesian Mortality Table. From comparing different unit linked insurance plans, only one plan is sufficient to fund the guarantee. While others have to do a Top-up premium.

APA, Harvard, Vancouver, ISO, and other styles

24

PANJAITAN, HANNY, I. NYOMAN WIDANA, and KARTIKA SARI. "PERHITUNGAN PROFIT ASURANSI UNIT LINK DENGAN SURRENDER VALUE MENGGUNAKAN METODE PROFIT TESTING." E-Jurnal Matematika 9, no. 1 (January 31, 2020): 1. http://dx.doi.org/10.24843/mtk.2020.v09.i01.p271.

Full text

Abstract:

Life insurance with surrender value is a type of insurance that allows the insured to cancel the contract. Unit-link life insurance is a combination of life insurance and investment. Profit testing method is used to find out the potensial loss or gain of unit link life insurance product. The aim of this research was to determine the potential benefits or losses of unit-linked life insurance product using a deterministic model. Results of this research are the profit obtained by the insurance company for an insurance participant aged 35 years with a sum and in annual premiums are

APA, Harvard, Vancouver, ISO, and other styles

25

Cummings, Benjamin, and Michael Finke. "Regulating household financial advice." Journal of Governance and Regulation 1, no. 3 (2012): 50–54. http://dx.doi.org/10.22495/jgr_v1_i3_p6.

Full text

Abstract:

This paper reviews economic theory related to investment advice. This theory explains 1) why financial advisors need to be carefully regulated for the benefit of both the investment advice industry and for consumers, 2) why principles-based regulation (e.g., a fiduciary standard) is more efficient than rules-based regulation, 3) why dual regulation of financial professionals providing investment or insurance advice is inefficient and inequitable policy, and 4) why the application of a universal and uniform fiduciary standard will be difficult to implement

APA, Harvard, Vancouver, ISO, and other styles

26

Gatzert, Nadine, Carin Huber, and Hato Schmeiser. "On the Valuation of Investment Guarantees in Unit-linked Life Insurance: A Customer Perspective." Geneva Papers on Risk and Insurance - Issues and Practice 36, no. 1 (January 2011): 3–29. http://dx.doi.org/10.1057/gpp.2010.35.

Full text

APA, Harvard, Vancouver, ISO, and other styles

27

LUTH, Thohir, BURHANUDDIN BURHANUDDIN, and Budi SANTOSO. "The Investment Concept of Sharia Insurance According to National Sharia Council and Its Regulation in Indonesia." Journal of Advanced Research in Law and Economics 8, no. 7 (June 11, 2018): 2198. http://dx.doi.org/10.14505//jarle.v8.7(29).19.

Full text

Abstract:

It is a fact that contemporary Islamic scholars have different opinion related to legalization of insurance (ta’mîn). The differences indicate there is a plurality in Islamic legal thought in responding contemporary issues which dynamic along with the change of time. This article is aimed to analysis the investmen concept of sharia insurance explained on dictum (fatwa) National Sharia Council (NSC) and its regulations which legitimize those enforcement. This discussion is important ‘to introduce the new concept of investing in the insurance products which later has caused controversy from the aspect of validity. The methods used to write this article is critical content analysis by making the NSC’s fatwa and the regulation of sharia insurance as its object, so both of which can be found the excellence and weakness of the concepts offered. The interesting of this concept is that the investment can be incorporated with insurance products, so that participants who pay a premium not only get guaranty indemnity of risk but also entitled to get a profit sharing of their fund investment. As for the weakness of this concept is the using of hybrid contract which tends to imposed to fullfil pragmatism needs, so that has opened new scientific debate from side of validity.

APA, Harvard, Vancouver, ISO, and other styles

28

Pokachalova, Anna S. "On Peculiarities of the Legal Regulation of Investment Activities of Insurance Market Subjects." Financial Law 4 (April 15, 2020): 21–25. http://dx.doi.org/10.18572/1813-1220-2020-4-21-25.

Full text

APA, Harvard, Vancouver, ISO, and other styles

29

Babaeva, N. M. "The issue of state regulation of investment activities of insurance companies in Uzbekistan." ACADEMICIA: An International Multidisciplinary Research Journal 10, no. 12 (2020): 709–16. http://dx.doi.org/10.5958/2249-7137.2020.01794.2.

Full text

APA, Harvard, Vancouver, ISO, and other styles

30

Richardson, Benjamin J. "Diffusing Environmental Regulation through the Financial Services Sector: Reforms in the EU and other Jurisdictions." Maastricht Journal of European and Comparative Law 10, no. 3 (September 2003): 233–64. http://dx.doi.org/10.1177/1023263x0301000302.

Full text

Abstract:

The financial services sector has the potential to be an important facet of future systems of environmental governance. But, so far, only ad hoc policy initiatives have arisen in the EU and other countries addressing the environmental roles of banks or insurers. Because the financial services sector is where wholesale decisions regarding future development, and thus pressures on the environment, arise, reform of investment, banking and insurance services to promote long term investment and better consideration of environmental impacts may be an effective way to promote sustainable development. Reforms such as corporate environmental reporting requirements, mandatory environmental liability insurance, and lender liability for borrowers' environmental harms, are some of the ways in which an institutional framework for mobilizing financial organizations as instruments of environmental regulation could be constructed.

APA, Harvard, Vancouver, ISO, and other styles

31

Ramazanov, A. V. "ON THE REGULATION OF INVESTMENT BANKING IN RUSSIA." Vektor nauki Tol'yattinskogo gosudarstvennogo universiteta. Seriya Ekonomika i upravlenie, no. 2 (2021): 34–40. http://dx.doi.org/10.18323/2221-5689-2021-2-34-40.

Full text

Abstract:

Analytical documents of the Bank of Russia and financial statements of large Russian banks indicate the growth in incomes from operations with securities within the gross share of revenues of commercial banks. In the world, there are cases of excessive activity of commercial banks in the security market (the Great Depression of 1929–1933 in the USA, default on state treasury bills in Russia on the 17th August 1998), which led to negative consequences for bank clients. The author analyzed peculiarities of investment transactions conducted by commercial banks in Russia. The author gives recommendations to reduce financial risks for the commercial banks’ customers and promote the attractiveness of the investment banking products. The author’s concept of regulation of banking activity in Russia consists of two directions: regulation of classical banking (income from lending operations exceeds income from operations in the securities market) and regulation of investment banking (the predominance of investment operations). The author justifies the necessity of the introduction of mandatory insurance of funds invested in equity securities of Russian issuers admitted to circulation on the Moscow Stock Exchange in the event of bankruptcy of issuers. The paper critically evaluates the recommendation of the Bank of Russia that professional participants in the securities market should not offer complex investment products to unqualified investors as this restricts the application of derivative securities for hedging financial risks. The author suggests the requirements for the equity capital of professional participants of the securities market and the methodology for calculating the equity capital separately for classical and investment banks.

APA, Harvard, Vancouver, ISO, and other styles

32

Bensics, Frank. "Hardy, Mary R. 2003,Investment Guarantees: Modeling and Risk Management for Equity-Linked Life Insurance." North American Actuarial Journal 8, no. 3 (July 2004): 133–36. http://dx.doi.org/10.1080/10920277.2004.10596164.

Full text

APA, Harvard, Vancouver, ISO, and other styles

33

Maslova, V. V., and G. M. Savkina. "Efficiency of agricultural insurance with state support." Economy of agricultural and processing enterprises, no. 3 (2021): 39–45. http://dx.doi.org/10.31442/0235-2494-2021-0-3-39-45.

Full text

Abstract:

The article is devoted to one of the most important areas of economic regulation of the agricultural sector of the economy - the development of an agricultural insurance mechanism with state support. The authors assessed the current state of agricultural insurance. It was revealed that the current model of agricultural insurance with state support does not provide agricultural production with effective insurance protection and does not contribute to the activation of investment activities of agricultural producers. The level of insurance compensation received by agricultural organizations is insignificant, government subsidies do not reach farmers, but remain in the assets of insurance companies. In agricultural insurance, a truncated system of the insurer’s liability to the policyholder is used, which allows the insurer to significantly reduce its liability. The main directions of improving the agricultural insurance mechanism are associated with the formation of equivalent relations between the parties to the insurance process. It is necessary to create a state insurance company specializing only in agricultural insurance. The necessity of amendments to the legislation on agricultural insurance in terms of reducing the size of franchises and developing investment functions of insurance has been substantiated.

APA, Harvard, Vancouver, ISO, and other styles

34

Şahin, Y. Ş., and S. Levitan. "A stochastic investment model for actuarial use in South Africa." South African Actuarial Journal 20, no. 1 (January 28, 2021): 49–79. http://dx.doi.org/10.4314/saaj.v20i1.3.

Full text

Abstract:

In this paper, we propose a stochastic investment model for actuarial use in South Africa by modelling price inflation rates, share dividends, long-term and short-term interest rates for the period 1960–2018 and inflation-linked bonds for the period 2000–2018. Possible bi-directional relations between the economic series have been considered, the parameters and their confidence intervals have been estimated recursively to examine their stability, and the model validation has been tested. The model is designed to provide long-term forecasts that should find application in long-term modelling for institutions such as pension funds and life insurance companies in South Africa Keywords: Stochastic investment models; price inflation; share dividend yields; share dividends; share prices; long-term interest rates; short-term interest rates; inflation-linked bonds; South Africa

APA, Harvard, Vancouver, ISO, and other styles

35

Cherkasova, Svitlana, Tetyana Kalaitan, Nadiia Rushchyshyn, Igor Yaremko, and Nataliia Yaroshevych. "Stimulating and limiting factors for the growth of investment potential of Ukrainian insurance companies." Investment Management and Financial Innovations 17, no. 1 (February 27, 2020): 85–96. http://dx.doi.org/10.21511/imfi.17(1).2020.08.

Full text

Abstract:

The fact that the accumulated investment potential (IP) of insurance companies (IC) does not have a significant impact on the processes of economic growth in Ukrainian practice actualizes the task of researching the practice of investing in the activities of domestic insurers. The purpose of the study is to find out, classify and highlight the main factors that influence the formation of the Ukrainian IC’ IP and give recommendations for overcoming a number of related difficulties. According to the results of investigation of the Ukrainian insurance industry development trends in 2011–2018, it was concluded that rates of their IP accumulation are insufficient. There is a decrease in the aggregate value of insurers’ investment assets and a reduction in the composition of investment attractive financial instruments. Low efficiency and simplification of investment strategies of IC are noted. The factors that exert a stimulating and inhibitory influence on the investment processes in the Ukrainian insurance market were identified. Ways and tools were proposed to strengthen the effect of incentive factors and eliminate or minimize the effect of the considered restrictive factors that can be used in the practice of state regulation of the insurance industry of the country. Considering the examined factors should allow the state regulators making more effective decisions to improve the investment activity of insurers and enhance its importance in the development of the national economy.

APA, Harvard, Vancouver, ISO, and other styles

36

Chen, An, and Peter Hieber. "OPTIMAL ASSET ALLOCATION IN LIFE INSURANCE: THE IMPACT OF REGULATION." ASTIN Bulletin 46, no. 3 (May 16, 2016): 605–26. http://dx.doi.org/10.1017/asb.2016.12.

Full text

Abstract:

AbstractIn a typical equity-linked life insurance contract, the insurance company is entitled to a share of return surpluses as compensation for the return guarantee granted to the policyholders. The set of possible contract terms might, however, be restricted by a regulatory default constraint — a fact that can force the two parties to initiate sub-optimal insurance contracts. We show that this effect can be mitigated if regulatory policy is more flexible. We suggest that the regulator implement a traffic light system where companies are forced to reduce the riskiness of their asset allocation in distress. In a utility-based framework, we show that the introduction of such a system can increase the benefits of the policyholder without deteriorating the benefits of the insurance company. At the same time, default probabilities (and thus solvency capital requirements) can be reduced.

APA, Harvard, Vancouver, ISO, and other styles

37

Alekseevna Okorokova, Olga, Lubov Konstantinovna Ulibina, Polina Alekseevna Maksimenko, Mikhail Gennadevich Rusetskiy, and Galina Ivanovna Lazareva. "The Assessment of the Investment Potential of the Insurance Sector of the Region in the Conditions of Risk and Uncertainty." International Journal of Engineering & Technology 7, no. 3.14 (July 25, 2018): 392. http://dx.doi.org/10.14419/ijet.v7i3.14.17032.

Full text

Abstract:

Krai; the problems of its development are revealed as well. It is proved that in the conditions of risk and uncertainty it is especially important to distinctively define the role of the insurance sector of the financial market, to determine its interaction with the real sector branches of the regional economy by means of using the industrial, social and investment potential. Modern insurance relations are formed under the influence of the transformation processes in the development of the financial system, institutions and instruments of the insurance sector; they are determined by the methods of state regulation as well. Underestimating the problems of the insurance market in the reproduction process of the regional economy negatively affects its development. In this regard it is essential to develop and implement a qualitatively new strategy of the development of the insurance market and its infrastructure that could be oriented towards modern achievements. At the same time the reproductive, investment approach to the insurance strategy should be implemented. The authors have developed a factorial model of the assessment of the investment potential of the regional insurance market in the context of socio-economic transformation of the development institutions. The main vectors of the development of the regional insurance market on the basis of the economic potential of the region are suggested.

APA, Harvard, Vancouver, ISO, and other styles

38

DEWI, NI KOMANG AYU SEDANA, I. NYOMAN WIDANA, and LUH PUTU IDA HARINI. "PERHITUNGAN NILAI GARANSI MINIMUM MANFAAT KEMATIAN PADA ASURANSI UNIT-LINK." E-Jurnal Matematika 7, no. 3 (September 2, 2018): 232. http://dx.doi.org/10.24843/mtk.2018.v07.i03.p208.

Full text

Abstract:

The guarantee minimum on unit-linked insurance applies only to the most extreme situations of very bad rate of return on the fund’s policyholders. One of the investment guarantees commonly used in unit-link is guaranteed minimum death benefit (GMDB). The final value under unit-linked insurance contracts can be expressed in terms of options that can be calculated using the Black-Scholes-Merton method. The purpose of this study is to determine the effect of age to the guarantee minimum value calculated using the Black-Scholes-Merton method. The calculation of GMDB value based on case simulation in this study resulted that the increasing age of the insured the greater the minimum guarantee value to be obtained.

APA, Harvard, Vancouver, ISO, and other styles

39

Bisetti, Emilio, Carlo A. Favero, Giacomo Nocera, and Claudio Tebaldi. "A Multivariate Model of Strategic Asset Allocation with Longevity Risk." Journal of Financial and Quantitative Analysis 52, no. 5 (October 2017): 2251–75. http://dx.doi.org/10.1017/s0022109017000692.

Full text

Abstract:

Population-wide increase in life expectancy is a source of aggregate risk. Longevity-linked securities are a natural instrument to reallocate that risk. This paper extends the standard Campbell–Viceira (2005) strategic asset allocation model by including a longevity-linked investment possibility. Model estimation, based on prices for standardized annuities publicly offered by U.S. insurance companies, shows that aggregate shocks to survival probabilities are predictors for long-term returns of the longevity-linked securities, and reveals an unexpected predictability pattern. Valuation of longevity risk premium confirms that longevity-linked securities offer inexpensive funding opportunities to asset managers.

APA, Harvard, Vancouver, ISO, and other styles

40

Wrzesiński, Piotr. "The Impact of Sustainable Finance on Insurers’ Activity." Prawo Asekuracyjne 4, no. 105 (December 18, 2020): 78–94. http://dx.doi.org/10.5604/01.3001.0014.5667.

Full text

Abstract:

The article contains an analysis of the impact of the sustainable finance provisions either currently being developed at the European level or already partially implemented on the activities of insurance companies. These regulations will affect insurers’ activity as they play an important role in adapting the EU economy to climate change, above all, acting as long-term investors and risk managers, but also through appropriate management of the provided insurance cover. At this stage, the system seems to be quite complicated. The adopted sustainable finance regulations impose a number of obligations on insurance undertakings, particularly those offering insurance investment products, e.g. additional disclosure obligations, either general or addressed to individual clients. Moreover, insurance companies will have to comply with the restrictions on their investment policy. Besides, it should be emphasised that the adopted solutions do not fully consider the specific nature of insurance activity or individual character of national EU economies. As a consequence, the introduction of the sustainable finance regulation will certainly pose a significant challenge for insurance companies operating in Poland.

APA, Harvard, Vancouver, ISO, and other styles

41

Dash, Mihir. "The Internal Rate of Return Model for Life Insurance Policies." Asian Journal of Finance & Accounting 8, no. 2 (September 10, 2016): 70. http://dx.doi.org/10.5296/ajfa.v8i2.9721.

Full text

Abstract:

<p>Life insurance policies are no longer seen solely as a means of insuring life. Due to many new features introduced by life insurers, they are seen in the new light of serving savings and even investment purposes besides the basic purpose of insuring life. The present study discusses the rates of return given by different types of policies, and the effect of mortality on these rates of return across age, sum assured, and maturity period in each type of policy studied.</p><p>The findings indicate that different types of policies give different rates of return and that mortality does have an effect on the rates of return. Endowment plans have higher rate of return with mortality incorporated, while for unit-linked investment plans, the rate of return is higher when it is treated purely as an investment instrument. The study also revealed that the unadjusted and mortality-adjusted rates of return follow a linear relationship that is very similar to the capital asset pricing model. The study opens a further scope of research by extending the methodology to include other relevant risk factors besides mortality, and for different types of policies across companies.</p>

APA, Harvard, Vancouver, ISO, and other styles

42

Kurchinskaya-Grasso, Natalia Olegovna, Elena Petrovna Goryacheva, Igor Viktorovich Popov, Anastasia Viktorovna Abramova, and Viacheslav Aleksandrovich Pechkurov. "Legal regulation of property insurance and law enforcement problems." SHS Web of Conferences 108 (2021): 01012. http://dx.doi.org/10.1051/shsconf/202110801012.

Full text

Abstract:

In the context of modern economic and legal reality, property insurance plays an important role in civil-law relations. For the present, Russian citizens, individual entrepreneurs and commercial entities witness an increasing need for a firm guarantee of protection of property interests linked with performing different types of activities and as well with maintaining a certain standard of living. Analysis of legislation in force reveals some gaps in the legal regulation of insurance institutions as a whole as well as a property insurance contract in particular, that conditions much judicial conflict and occurrence of errors in law enforcement that impact negatively on the protection of legal rights and interests of insurance relations participants. Legal research of law in force, theoretical understanding and relevant judicial practice in the matters of property insurance regulation along with possible identification of existing problems and formulation of proposals on legislation improvement. The methodological base for the present research is represented by a set of general scientific and specific scientific methods of research activities, including a historical method, a method of formal logic, a method of system analysis, a research method, a comparative legal method, a statistical method, a functional-structural method, methods of analysis and synthesis, a method of specification and as well an empirical and theoretical method, i.e. analogy, deduction. The authors suppose that provisions of Chapter 48 of the Civil Code of the Russian Federation must be completed with a separate norm on financial risk insurance as it is the case with property insurance, third-party liability insurance (damage liability insurance, contractual liability insurance) and entrepreneurial risk insurance in parallel with pointing out an object of insurance and cases when the conclusion of the mentioned contract is required. The authors prove the necessity to qualify the reinsurance contract as the property contract in line with other types thereof named in Article 929 of the Civil Code of the Russian Federation.

APA, Harvard, Vancouver, ISO, and other styles

43

Bosserhoff, Frank, and Mitja Stadje. "Time-consistent mean-variance investment with unit linked life insurance contracts in a jump-diffusion setting." Insurance: Mathematics and Economics 100 (September 2021): 130–46. http://dx.doi.org/10.1016/j.insmatheco.2021.03.015.

Full text

APA, Harvard, Vancouver, ISO, and other styles

44

Kobko, R. V. "Economic Security Management of Insurance Services Market of Ukraine: The Theoretical Aspects and Practical Recommendations." Business Inform 8, no. 523 (2021): 156–62. http://dx.doi.org/10.32983/2222-4459-2021-8-156-162.

Full text

Abstract:

The article is aimed at defining the theoretical aspects of managing the economic security of the insurance services market of Ukraine, searching for ways to develop special practical recommendations to solve the outlined problem. In the context of transformational changes and globalization metamorphoses, the issue of ensuring a high level of economic security of the insurance services market in Ukraine is one of the priorities. The article discusses the risk factors influencing the provision of a high level of economic security of the insurance services market of Ukraine, analyzes the mechanisms for managing the economic security of the insurance services market. Particular attention is paid to the characterization of models of the State regulation of economic security of the insurance services market of the countries of the world, which helps to form the main emphasis on the state of development of the insurance services market of Ukraine. The practice of developed countries of the world indicates the inadmissibility of such a mechanism for ensuring economic balance as insurance premiums, and the need to focus on the formation of insurance reserves. Based on the practice of the developed countries of the world, it is advisable to summarize the mechanisms for ensuring the economic security of the insurance services market as a single system, monitoring of which will ensure systematic economic development, quick managerial decisions in transformational conditions and attraction of investment funds for long-term strategic planning. In addition, the article draws a parallel between ensuring a high level of economic security of the insurance services market and the development of the Ukrainian economy in the context of a rapid change in external influence factors, involving priority mechanisms for ensuring the long-term investment development of the country. The main directions of improvement of the State regulation of economic security of insurance services market are proposed.

APA, Harvard, Vancouver, ISO, and other styles

45

Daryanto, Wiwiek Mardawiyah, and Wawan Rahardianto. "Measuring the Financial Health Performance of Life Insurance Company in Indonesia: Case Study During the Period of Before and After the Implementation of Peraturan Otoritas Jasa Keuangan, Nomor 71 /Pojk.05/2016." International Journal of Business Studies 3, no. 2 (December 18, 2019): 64–71. http://dx.doi.org/10.32924/ijbs.v3i2.125.

Full text

Abstract:

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

APA, Harvard, Vancouver, ISO, and other styles

46

Chernyakov, Mikhail K., Olesya V. Usacheva, Natalia I. Aksenova, and Saidmuktori Mukhtorzada. "Financial stability analysis and forecasting insurance market of Russia." E3S Web of Conferences 296 (2021): 06013. http://dx.doi.org/10.1051/e3sconf/202129606013.

Full text

Abstract:

The article investigates the influence of various parameters and coefficients on financial stability, groups the factors according to their degree of influence and highlights the most significant for the insurance sector. We assumed the existence of a relationship between financial stability and indicators of debt burden, capital stock for meeting obligations, ratio of receivables and payables, expense ratio and loss ratio. The hypothesis was substantiated by analyzing investment investments of insurance companies in the real sector of the economy using the coefficient method and a prospective analysis of the paradoxical theory of regulation.

APA, Harvard, Vancouver, ISO, and other styles

47

Simões, Cláudia, Luís Oliveira, and Jorge M. Bravo. "Immunization Strategies for Funding Multiple Inflation-Linked Retirement Income Benefits." Risks 9, no. 4 (March 25, 2021): 60. http://dx.doi.org/10.3390/risks9040060.

Full text

Abstract:

Protecting against unexpected yield curve, inflation, and longevity shifts are some of the most critical issues institutional and private investors must solve when managing post-retirement income benefits. This paper empirically investigates the performance of alternative immunization strategies for funding targeted multiple liabilities that are fixed in timing but random in size (inflation-linked), i.e., that change stochastically according to consumer price or wage level indexes. The immunization procedure is based on a targeted minimax strategy considering the M-Absolute as the interest rate risk measure. We investigate to what extent the inflation-hedging properties of ILBs in asset liability management strategies targeted to immunize multiple liabilities of random size are superior to that of nominal bonds. We use two alternative datasets comprising daily closing prices for U.S. Treasuries and U.S. inflation-linked bonds from 2000 to 2018. The immunization performance is tested over 3-year and 5-year investment horizons, uses real and not simulated bond data and takes into consideration the impact of transaction costs in the performance of immunization strategies and in the selection of optimal investment strategies. The results show that the multiple liability immunization strategy using inflation-linked bonds outperforms the equivalent strategy using nominal bonds and is robust even in a nearly zero interest rate scenario. These results have important implications in the design and structuring of ALM liability-driven investment strategies, particularly for retirement income providers such as pension schemes or life insurance companies.

APA, Harvard, Vancouver, ISO, and other styles

48

Steffensen, Mogens. "On Merton’s Problem for Life Insurers." ASTIN Bulletin 34, no. 01 (May 2004): 5–25. http://dx.doi.org/10.2143/ast.34.1.504952.

Full text

Abstract:

This paper deals with optimal investment and redistribution of the free reserves connected to life and pension insurance contracts in form of dividends and bonus. Formulated appropriately this problem can be viewed as a modification of Merton’s problem of optimal consumption and investment with a very particular form of consumption and utility hereof. Both are linked to a finite state Markov chain. We distinguish between utility optimization of dividends, where a semi-explicit result is obtained, and utility optimization of bonus payments. The latter connects to the financial notion of durable goods and allows for an explicit solution only in very special cases.

APA, Harvard, Vancouver, ISO, and other styles

49

Steffensen, Mogens. "On Merton’s Problem for Life Insurers." ASTIN Bulletin 34, no. 1 (May 2004): 5–25. http://dx.doi.org/10.1017/s0515036100013854.

Full text

Abstract:

This paper deals with optimal investment and redistribution of the free reserves connected to life and pension insurance contracts in form of dividends and bonus. Formulated appropriately this problem can be viewed as a modification of Merton’s problem of optimal consumption and investment with a very particular form of consumption and utility hereof. Both are linked to a finite state Markov chain. We distinguish between utility optimization of dividends, where a semi-explicit result is obtained, and utility optimization of bonus payments. The latter connects to the financial notion of durable goods and allows for an explicit solution only in very special cases.

APA, Harvard, Vancouver, ISO, and other styles

50

Luca, Daliana. "Does prevention as an investment strategy explain the intention to purchase guarantees for unit-linked life insurance?" Journal of Financial Services Marketing 23, no. 3-4 (October 31, 2018): 153–67. http://dx.doi.org/10.1057/s41264-018-0052-y.

Full text

APA, Harvard, Vancouver, ISO, and other styles

We offer discounts on all premium plans for authors whose works are included in thematic literature selections. Contact us to get a unique promo code!