Some Investment Problems of Life Insurance Companies
Author : Archie John Nichols
Publisher :
Page : 170 pages
File Size : 47,8 MB
Release : 1951
Category :
ISBN :
Author : Archie John Nichols
Publisher :
Page : 170 pages
File Size : 47,8 MB
Release : 1951
Category :
ISBN :
Author : Nigel Davies
Publisher : International Monetary Fund
Page : 45 pages
File Size : 28,56 MB
Release : 2003-07-01
Category : Business & Economics
ISBN : 1451856008
This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Author : William LeRoy Lobb
Publisher :
Page : pages
File Size : 18,22 MB
Release : 1949
Category :
ISBN :
Author : Andrew F. Brimmer
Publisher :
Page : 432 pages
File Size : 48,10 MB
Release : 1962
Category : Business & Economics
ISBN :
Author : Lester William Zartman
Publisher :
Page : 280 pages
File Size : 15,75 MB
Release : 1906
Category : Life insurance
ISBN :
Author : J. David Cummins
Publisher : McGraw-Hill/Irwin
Page : 382 pages
File Size : 20,75 MB
Release : 1977
Category : Business & Economics
ISBN :
Author : J. David Cummins
Publisher : Springer Science & Business Media
Page : 379 pages
File Size : 23,82 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 1461550459
Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms. This is the first book to analyze the determinants of firm performance in the life insurance industry by identifying the `best practices' employed by leading insurers to succeed in this dynamic business environment. The book draws upon data from insurer financial statements as well as upon an extensive survey of life insurer management practices and strategic choices in distribution systems, information technology, mergers and acquisitions, human resources and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. Best practices are identified by measuring the economic efficiency of insurers and by comparing firms across the industry. Both cost and revenue efficiency are measured relative to best practice efficient frontiers consisting of the industry's dominant life insurance firms. Economies of scale and the effects of mergers and acquisitions on efficiency are also analyzed. Financial strategies are examined with specific reference to pricing policy, valuation of assets and liabilities, and the current state of firm-level risk management systems. The benchmarks established are the result of extensive fieldwork that identifies key financial risks and methodologies to both measure and manage them at the firm level. The results discussed in the book indicate that firm performance is significantly correlated with management practices and strategic choices. Thus, life insurers can improve profitability by adopting optimal combinations of strategies. The book contains important new material on the effects of strategic choices in product distribution systems, information technology, mergers and acquisitions, human resources, and financial risk management policies. In the area of efficiency, the methodology provides a new approach for identifying peer groups of insurers and measuring the performance of individual insurers relative to their peer group. On the topics of risk and pricing, new insights are offered relative to current methodologies and in regard to areas where improvement is clearly warranted. The book concludes with an analysis of the future opportunities and challenges in the life insurance industry facing managers, and the strategic options available to them to cope with these changes.
Author : Wynant James Williams (Jr.)
Publisher :
Page : 104 pages
File Size : 11,85 MB
Release : 1936
Category :
ISBN :
Author : J. David Cummins
Publisher : Springer Science & Business Media
Page : 198 pages
File Size : 13,97 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 9401122083
th This book is published to commemorate the 50 Anniversary of the S.S. Huebner Foundation for Insurance Education. Administered at the Wharton School of the University of Pennsylvania, the Huebner Foundation was established in 1941 to strengthen insurance education at the collegiate level by increasing the number of professors specializing in insurance and enriching the literature in the field. The financial support of leading life insurance companies has enabled the Foundation to provide post-graduate education for prospective insurance teachers and scholars. Through its fellowship program, the Foundation supports students in the Ph.D. program in Risk and Insurance at the Wharton School. The success of the Foundation is measured by the accomplishments of its alumni. Former Huebner Fellows play leading roles in every major area of insurance education. Fellows teach insurance to tens of thousands of undergraduate and MBA students each year and have written hundreds of books and thousands of articles on insurance. Fellows hold leadership positions at the American College, the Life Office Management Association, and the Certified Employee Benefit Specialist Program. The Foundation was created in honor of Dr. Solomon S. Huebner, a pioneer in insurance education. Dr. Huebner taught the first organized course on the economics of insurance ever offered at the collegiate level in 1904. An internationally recognized author and teacher, Dr. Huebner had a profound impact on both insurance education and the insurance industry. He served on the faculty of the Wharton School for more than nearly fifty years.
Author : Colin Dodds
Publisher : Routledge
Page : 170 pages
File Size : 30,56 MB
Release : 2017-11-30
Category : Business & Economics
ISBN : 1351356542
Originally published in 1979, The Investment Behaviour of British Life Insurance Companies provides a critical analysis of the investment policy of the life insurance industry for the period of 1962-76, and attempts to construct an econometric model of the investment behaviour. It looks at the portfolio composition of life funds and their position in the markets for securities in terms of their gross purchases and sales and net acquisitions. It also considers the principles on which life offices appear to operate the principles on which life offices appear to operate in respect of investing their ‘reserves’ to meet future contingent liabilities. This book will appeal to those working in the field of economic and business.