Insurance Policies Research Papers - Academia.edu (original) (raw)

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- Actuarial Science, Economics, Accounting, Investing

Actuaries are professionals who apply mathematics to financial problems. They evaluate the financial implications of contingent events, in other words, events that are not certain to occur. They are often involved in managing the risks that can arise from undesirable contingent events. Actuaries evaluate the likelihood of future events. They also design ways to reduce the financial impact of undesirable events that do occur. To do their work, actuaries must have a high level of technical knowledge. For example, they need to understand the nature of insurance, the risks inherent in different types of assets, the ways in which statistical models can be used, and the legal and regulatory constraints that apply to the business. They must also have good business sense, problem solving skills, and the ability to communicate effectively with others. Their work often affects many stakeholders, so they must be able to balance different interests and observe high ethical standards in doing so...

- by Michael Hafeman
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- Business, Actuarial Science, Economics, Accounting

This publication, Earthquake insurance in Turkey, is an exposition of the dangers faced by Turkey as it is located in one of the most active earthquake (EQ) and volcanic regions in the world on the one hand, and, on the other hand, the efforts that Turkey is making to alleviate the social and fiscal disasters that are caused when these calamities do strike. The persistent potential for large-scale disasters has led to the establishment of the Turkish Catastrophe Insurance Pool (TCIP) in 1999. The main rationale for the creation of TCIP was a very low level of catastrophe insurance penetration among households. The authors stress that the four principal objectives of the program are to (1) provide earthquake insurance coverage at affordable but actuarially sound rates for all registered urban dwellings, (2) limit the government's financial exposure to natural disasters, (3) build long-term catastrophe reserves to finance future earthquake losses, and (4) encourage risk reduction ...

- by Serap Gonulal
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- Economics, Accounting, Corporate Governance, Financial Systems

Banking system occupies an important place in Indian economy. It provides various services to its customer. The nature of its services has evolved as the advancement of technology. It has become most challengeable to understand the customer satisfaction with quality of services. The present investigation was planned with the objective to analyse the customer choice towards the services provided by the bank. The research data was collected by the various bank customers for analysing the service quality from the ratings provided by the customer. In this regard, this research paper focuses with a purpose to report the findings of selected banking services which are used by the customers in India.

Finance is the lifeblood and lifeline of any business entity either commercial or non-commercial. The Survival, Stability and Sustainability of a firm is highly associated with its financial wellness. It can be observed through its ability to pay(re) short-term as well as long term liabilities, meeting the regular financial obligations, to increase the value of firm and ability to generate profit. Financial analysis, evaluation, and assessment help in determines the financial position and financial strength of a firm. Among the plenty of methods and tolls available for financial performance, ratio analysis is more useful and meaningful. These ratios make it possible to analyze the evolution of the financial situation of a firm (trend analysis), cross-sectional analysis and comparative analysis.

- by Podapala Reddy
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- Real Estate, Finance, Accounting, IMF

The International Journal of Finance and Market Research (BIJFMR) is an open access peer-reviewed journal that publishes articles which contribute new results in all the areas of Finance and Market Research. Authors are solicited to contribute to the journal by submitting articles that illustrate research results, projects, surveying works and industrial experiences that describe significant advances in this area.

The BOHR International Journal of Finance and Market Research (BIJFMR) is an open access peer-reviewed journal that publishes articles which contribute new results in all the areas of Finance and Market Research. Authors are solicited to contribute to the journal by submitting articles that illustrate research results, projects, surveying works and industrial experiences that describe significant advances in this area.

This study reports survivorship bias for the momentum effect. Effectively, this study shows that the Portuguese stock market does not exhibit the “momentum effect” when all listed stocks are considered spanning the period from January 1991 to December 2016. However, this phenomenon was detected when only survivor stocks are used. This study also shows that average returns for momentum portfolios were similar before and after the 2007 financial crisis.

- by Guy Lacroix
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- Absenteeism, Insurance Policies

The paper is arranged in six sections: an update describing how modern microfinance operates in Bangladesh; explanations of why growth was so aggressive from 2002 to 2007; the story of how Microfinance Institutions (MFIs) sensed a looming crisis and how they reacted between 2008 and 2010; a description of the kind of crisis averted by MFIs and their clients; a summary of the explanations of how the crisis was avoided; and identification of five emerging trends in microfinance in Bangladesh following the marked changes in direction of the 2008-2010 period.

- by Stuart Rutherford
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- Business, Accounting, Empowerment, Economic Development

Sri Lanka's Termination of Employment of Workmen Act (TEWA) requires that firms with 15 or more employees justify layoffs and provide generous severance pay to displaced workers, with smaller firms being exempted. Athough formally subject to TEWA, firms in Export Processing Zones (EPZs) may have been partially exempt from TEWA due to lax enforcement in that sector. A theoretical model shows that firms subject to TEWA will tend to mass at or below the threshold of 14 workers until they get an atypically large productivity shock that would propel them beyond the threshold. EPZ firms will be largely unaffected by the law. In addition, EPZ firms receive preferential tax treatment and exemptions from customs duty. Consequently, firms that anticipate rapid growth will have an incentive to locate in the EPZ sector. We test these predictions using 1995-2003 panel data on the universe of all private, formal sector firms in Sri Lanka. We find that at all sizes, EPZ firms are more likely to add employees than non-EPZ firms. Above the threshold, non-EPZ firms are more likely to shed workers while EPZ firms are more likely to add workers. Once passing the threshold, non-EPZ firms grow faster than non-EPZ firms below the threshold, consistent with a theoretical prediction that only atypically productive non-EPZ firms would cross the threshold. Finally, evidence is consistent with the the hypothesis that TEWA restrictions retard the growth of non-EPZ firms below the threshold, but only some of the evidence passes tests of statistical significance. The combined impacts of retarded growth below the threshold, the need for a large productivity shock to cross the threshold, and slower employment growth above the threshold suggest that the TEWA failed to lower unemployment. Instead, it slowed employment growth of non-EPZ firms and induced firms to seek the EPZ sector in order to evade the law.

- by Peter Orazem
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- Information Systems, Labor Economics, Globalization, International Law