scholarly journals Insurance Market Effects of Risk Management Metrics

2010 ◽  
Vol 35 (1) ◽  
pp. 47-80 ◽  
Author(s):  
Carole Bernard ◽  
Weidong Tian
Keyword(s):  
Risk Management ◽  
Insurance Market ◽  
Market Effects

Hospital prices and market structure in the hospital and insurance industries

2010 ◽  
Vol 5 (4) ◽  
pp. 459-479 ◽  
Author(s):  
Asako S. Moriya ◽  
William B. Vogt ◽  
Martin Gaynor
Keyword(s):  
Health Care ◽  
Health Care Services ◽  
Market Concentration ◽  
Insurance Market ◽  
Hospital Services ◽  
Hospital Market ◽  
Market Effects ◽  
Transaction Prices ◽  
Care Services ◽  
The Relationship

AbstractThere has been substantial consolidation among health insurers and hospitals, recently, raising questions about the effects of this consolidation on the exercise of market power. We analyze the relationship between insurer and hospital market concentration and the prices of hospital services. We use a national US dataset containing transaction prices for health care services for over 11 million privately insured Americans. Using three years of panel data, we estimate how insurer and hospital market concentration are related to hospital prices, while controlling for unobserved market effects. We find that increases in insurance market concentration are significantly associated with decreases in hospital prices, whereas increases in hospital concentration are non-significantly associated with increases in prices. A hypothetical merger between two of five equally sized insurers is estimated to decrease hospital prices by 6.7%.

scholarly journals Mechanisms of Protection from Interest Rate Risk with Reference to the Life Insurance Market in Montenegro

2018 ◽  
Vol 7 (1) ◽  
pp. 17-42
Author(s):  
Milijana Novović Burić ◽  
Vladimir Kašćelan ◽  
Milivoje Radović ◽  
Ana Lalević Filipović
Keyword(s):  
Risk Management ◽  
Interest Rate ◽  
Life Insurance ◽  
Financial Management ◽  
Financial Stability ◽  
Interest Rate Risk ◽  
Economic Security ◽  
Insurance Market ◽  
Insurance Companies ◽  
Rate Risk

Abstract Insurance companies are facing major challenges that point to the need for control process and risk management. Risk management in insurance has a direct impact on solvency, economic security, and overall financial stability of insurance companies. It is very important for insurance companies to adequately calculate risks to which they are exposed. Asset liability management (ALM), as an integrated approach to financial management, requires simultaneous decision-making about categories and values of assets and liabilities in order to establish the optimum volume and the ratio of assets and liabilities, with the understanding of complexity of the financial market in which financial institutions operate. ALM focuses on a significant number of risks, whereby the emphasis in this paper will be on interest rate risk which indicates potential losses that may reflect in a lower interest margin, a lower value of assets or both, in terms of changes in interest rates. In the above context, the aim of this paper is to show how to protect from interest rate changes and how these changes influence the insurance market in Montenegro, both from the theoretical and the practical point of view. The authors consider this to be an interesting and very important topic, especially because the life insurance market in Montenegro is underdeveloped and subject to fluctuations. Also, taking into account the fact that Montenegro is a country that has been making serious efforts to join the EU, it is expected that insurance companies in Montenegro will strengthen their financial position in the market even using the ALM traditional techniques, which is shown in this paper.

The Risk Management and the Transfer to the Insurance Market

2018 ◽  
pp. 299-306
Author(s):  
Antonio Coviello ◽  
Giovanni Di Trapani
Keyword(s):  
Risk Management ◽  
Insurance Market

scholarly journals A comparative study of the application of alternative risk transfer methods of insurance in South Africa and Zimbabwe

2015 ◽  
Vol 4 (3) ◽  
pp. 241-249
Author(s):  
Athenia Bongani Sibindi
Keyword(s):  
South Africa ◽  
Risk Management ◽  
South African ◽  
Traditional Method ◽  
Insurance Market ◽  
Market Segments ◽  
Risk Transfer ◽  
Stage Of Development ◽  
Alternative Risk Transfer ◽  
Compare And Contrast

Alternative risk transfer techniques represent the crown jewels in the risk management arena. This non-traditional method of insurance has gained prominence over the last few decades. Against this backdrop, the present study seeks to unravel the development of the alternative risk financing insurance segment within a developing country setting. The study specifically sets out to compare and contrast the ART insurance market segments of South Africa and Zimbabwe. The study is documents that the Zimbabwean market is at a nascent stage of development, whilst the South African market is fully developed. Notwithstanding the prospects for the development of this sector looks bright.

scholarly journals O POLSKIM PRAWIE UBEZPIECZEŃ GOSPODARCZYCH W KONTEKŚCIE WYMOGÓW ACQUIS COMMUNAUTAIRE UE (REASUMPCJA STANOWISK PREZENTOWANYCH W PRACACH IZBY)

2017 ◽  
Vol 4 (2) ◽  
pp. 93
Author(s):  
Stanisław Nowak
Keyword(s):  
Risk Management ◽  
Legal Status ◽  
Insurance Market ◽  
Lisbon Strategy ◽  
Adaptation Measures ◽  
Acquis Communautaire ◽  
Insurance Law ◽  
The Law ◽  
Polish Law ◽  
Substantial Change

Po l i s h In s u r a n c e La w i n t h e C o n t e x t o f t h e ‘Ac q u i s Communautaire’ UE Requirements (Recapitulation of the Standpoints Presented in the Chamber’s Works)SummarySubstantial changes of the legal status in the system of Polish economic insurance, called a revolution in the Polish insurance law, initiated by a series of bills dated 22 M ay 2003 and multiplicity of accompanying secondary legislation made the insurance market start numerous analytic works, also in the context o f the requirements to adapt to the com m unity law.These im portant and vast issues, already for some time, have been subject to studies and discussions taking place in the Insurance and Risk Management Cham ber of Commerce. They draw to a conclusion that the quality o f Polish law is unsatisfactory, the law is complicated and unclear. Further they show deficiencies in the knowledge of the com m unity law in Poland due to which a social and professional insurance education is necessary.Further adaptation measures should start from a substantial change of the law on insurance contract. This process should also regard the act insurance agencies.An urgent need of insurance education, belonging to a so-called Lisbon strategy adopted by the European Council in M arch 2000, is highly im portant for the insurance market.

scholarly journals Insurance Management in Terms of Globalization Processes in Ukraine

2021 ◽  
Vol 7 (522) ◽  
pp. 207-212
Author(s):  
S. A. Vlasyuk ◽  
Keyword(s):  
Risk Management ◽  
System Analysis ◽  
Management Plan ◽  
Insurance Market ◽  
Insurance Companies ◽  
Effective Control ◽  
Financial Risks ◽  
Potential Risks ◽  
Business Entities

Insurance represents the most efficient risk management instrument that can protect both individuals and business entities from financial risks arising from various unforeseen situations. In turn, expanding the horizons of the insurance market requires clarity and coherence in the activities of insurance companies, and therefore studying the factors that directly affect the management of insurance organizations appears relevant. It is found that one of the forms of risk control is insurance management, which includes the detection, assessment and intervention of risks, that is, a defense strategy for preparing for the unexpected events, as it is regulated by normative legal acts, and the implementation of principles and doctrines that are generally accepted. It is identified that the main methods of insurance management, such as avoidance, preservation, distribution, transfer, prevention and reduction of losses, can be applied to all areas of activity of both individuals and business entities, and can pay off in the long term. The development of the insurance market in Ukraine in the future is possible due to the introduction of an effective mechanism of insurance management based on system analysis and effective control at macro and micro levels. By implementing a risk management plan and considering various potential risks or events before they occur, economic entities can save their own money and protect their future by timely setting of certain contours in order to avoid potential threats, minimize their impact in case of their occurrence, and cope with the results.

Risk management and reinsurance strategies in the Spanish insurance market (1880–1940)

2016 ◽  
Vol 59 (2) ◽  
pp. 292-310 ◽  
Author(s):  
Pablo Gutiérrez González ◽  
Jerònia Pons Pons
Keyword(s):  
Risk Management ◽  
Insurance Market
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