Governance Structures in Customer-Owned Hybrid Organizations: Interpreting Democracy in Mutual Insurance Companies

PSS9 COSTS OF PATIENTS WITH OCCUPATIONAL SEVERE CHRONIC HAND ECZEMA REFRACTORY TO TOPICAL CORTICOSTEROIDS FOR EMPLOYER'S MUTUAL INSURANCE COMPANIES IN SPAIN

Value in Health ◽

10.1016/s1098-3015(10)75246-3 ◽

2009 ◽

Vol 12 (7) ◽

pp. A453-A454 ◽

Cited By ~ 5

Author(s):

JM Mascaro ◽

I Querol ◽

L Lindner ◽

M Prior ◽

J Oliver ◽

...

Keyword(s):

Hand Eczema ◽

Insurance Companies ◽

Topical Corticosteroids ◽

Chronic Hand Eczema ◽

Mutual Insurance

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The Governance and Demutualisation of Mutual Insurance in Indonesia

Kajian Ekonomi dan Keuangan ◽

10.31685/kek.v1i3.276 ◽

2018 ◽

Vol 1 (3) ◽

pp. 196-216

Author(s):

Afif Hanifah

Keyword(s):

Best Practice ◽

Poor Performance ◽

Insurance Companies ◽

Mutual Insurance ◽

Key Drivers

This paper outlines international best practice in terms of the governance of mutual insurance companies, the key drivers of demutualisation and its implications. It examines demutualisation as a possible option for Indonesia’s AJB Bumiputera 1912, following its poor performance in recent years. It also provides relevant insight on governance issues and the demutualisation process within the context of the regulatory and supervisory framework for Indonesia Insurance Act No. 40/2014.Tulisan ini menguraikan praktik terbaik di dunia internasional dalam hal tata kelola perusahaan asuransi usaha bersama, factor-faktor apa saja yang dapat menjadi pendorong utama demutualisasi dan implikasinya yang dapat ditimbulkan dari kebijakan demutualisasi tersebut. Tulisan ini mengkaji demutualisasi sebagai pilihan yang mungkin untuk AJB Bumiputera 1912 di Indonesia, menyusul kinerjanya yang kurang baik dalam beberapa tahun terakhir. Tulisan ini juga memberikan wawasan yang relevan mengenai isu-isu tata kelola dan proses demutualisasi di Indonesia dalam kerangka peraturan dan pengawasan Undang-Undang No. 40 Tahun 2014 tentang Asuransi.

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Sharing the Risk

10.1093/oso/9780198869023.003.0016 ◽

2021 ◽

pp. 281-298

Author(s):

Andrew C. A. Elliott

Keyword(s):

Climate Change ◽

Law Of Large Numbers ◽

Insurance Market ◽

Insurance Companies ◽

Marine Insurance ◽

Fire Insurance ◽

Large Numbers ◽

Mutual Insurance ◽

The Face ◽

Friendly Societies

Insurance makes use of the law of large numbers to mitigate the effects of risks on individuals by allowing them to be shared collectively. Early insurance arrangements arose as friendly societies and mutual insurance companies. Marine insurance has a long history and remains a major insurance market. Fire insurance provides compensation in the face of a capricious and frightening risk, but also invites fraudulent claims. Increasing amounts of information provide challenges for insurance underwriting: can there be too much information? The principle of insurance is that of averaging out of independent risks, but when risks are not independent, as may be the case when it comes to climate change, is there still any role for insurance?

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