Econometric model of non-life technical provisions: the Czech insurance market case study

2017 ◽  
Vol 7 (1) ◽  
pp. 257-276
Author(s):  
Radek Hendrych ◽  
Tomáš Cipra
2019 ◽  
Vol 28 (1) ◽  
pp. 74-96
Author(s):  
Baah Aye Kusi ◽  
Abdul Latif Alhassan ◽  
Daniel Ofori-Sasu ◽  
Rockson Sai

Purpose This study aims to examine the hypothesis that the effect of insurer risks on profitability is conditional on regulation, using two main regulatory directives in the Ghanaian insurance market as a case study. Design/methodology/approach This study used the robust ordinary least square and random effect techniques in a panel data of 30 insurers from 2009 to 2015 to test the research hypothesis. Findings The results suggest that regulations on no credit premium and required capital have insignificant effects on profitability of insurers. On the contrary, this study documents evidence that both policies mitigate the effect of underwriting risk on profitability and suggests that regulations significantly mitigate the negative effect of underwriting risk to improve profitability. Practical implications The finding suggests that policymakers and regulators must continue to initiate, design and model regulations such that they help tame risk to improve the performance of insurers in Ghana. Originality/value This study provides first-time evidence on the role of regulations in controlling risks in a developing insurance market.


Author(s):  
Xavier Giné ◽  
Lev Menand ◽  
Robert Townsend ◽  
James Vickery

2015 ◽  
Vol 24 (2) ◽  
pp. 173-191 ◽  
Author(s):  
Radek Hendrych ◽  
Tomáš Cipra

2007 ◽  
Vol 39 (3) ◽  
pp. 641-655 ◽  
Author(s):  
Swagata “Ban” Banerjee ◽  
Irfan Y. Tareen ◽  
Lewell F. Gunter ◽  
Jimmy Bramblett ◽  
Michael E. Wetzstein

Southeast drought conditions have accentuated the demand for irrigation in the face of restricted water supply. For allocating this supply, Georgia held an auction for withdrawing irrigated acreage. This auction withdrew 33,000 acres from irrigation, resulting in a physical estimate of a 399 acre-feet daily increase in water flow. The actual reduction is driven by crop distributional changes on the basis of economic substitution and expansion effects. In contrast to the physical estimates, an econometric model that considers these effects is developed. The differences between the physical and econometric models result in an increase in the estimate of water savings of around 19% to 24%.


1991 ◽  
Vol 23 (4) ◽  
pp. 791-798 ◽  
Author(s):  
Mohammed I. Ansari

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