Financial Management Issues in International Life Insurance Operations

1999 ◽  
Vol 02 (02) ◽  
pp. 183-203
Author(s):  
Stephen W. Forbes
Keyword(s):  
Financial Markets ◽  
Life Insurance ◽  
Financial Services ◽  
Financial Management ◽  
Structural Changes ◽  
Insurance Markets ◽  
The Internet ◽  
Trade Barriers ◽  
The World ◽  
Management Issues

The dismantling of foreign trade barriers, 24-hour worldwide capital markets, regulatory reforms within countries recognizing the importance of private financial markets, technologies such as the Internet, and the access of large segments of urban populations throughout the world to television and computers mark significant changes in financial services. As part of these structural changes, many governmental, economic, and competitive trends are affecting life insurance markets throughout the world in similar ways. This paper discusses these trends and the factors required for effective international life insurance operations.

Financialization

2018 ◽  
pp. 276-290
Author(s):  
Ravi Roy ◽  
Thomas D. Willett
Keyword(s):  
Financial Markets ◽  
Financial Services ◽  
Capital Mobility ◽  
Global Financial Crisis ◽  
Economic Globalization ◽  
The Past ◽  
The World ◽  
The Global Financial Crisis ◽  
National Economies ◽  
Global Financial System

The size and scope of financial sectors throughout the world have grown exponentially in tandem with the rise of globalization and increased capital mobility. The terms “economic globalization” and “financialization” are often discussed as inextricably related phenomena. Although the rapid increase in the number and variety of financial services and products during the past four decades has helped spur economic growth and create wealth on an unprecedented scale, the devastating fallout from the global financial crisis of 2008–2009, and the economic turbulence that followed, demonstrates how poorly managed financial sectors can simultaneously cause enormous pain. This chapter argues that if the opportunities created by economic globalization and financialization are to be maximized, while at the same tempering volatile financial markets, then the global financial system (and the national economies connected with it) must be fundamentally restructured. A number of ways that should be taken under consideration are discussed.

scholarly journals Editorial for the Special Issue on “The Belt and Road-Risks and Financial Management Issues Faced by Enterprises’ Internationalization”

2020 ◽  
Vol 13 (1) ◽  
pp. 10 ◽  
Author(s):  
Xue-Feng Shao ◽  
Wei Liu ◽  
Xiao-Guang Yue
Keyword(s):  
Financial Management ◽  
Special Issue ◽  
The World ◽  
Belt And Road ◽  
The Belt And Road ◽  
Management Issues

In recent years, deglobalization and protectionism have been prevalent in different regions of the world (Evenett 2019; Prashantham et al [...]

The Role of Internet Banking in the Presentation and Marketing of Financial Services and Products in a Digital Environment

2020 ◽  
pp. 162-183
Author(s):  
Berrin Arzu Eren
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Banking Sector ◽  
Internet Banking ◽  
The Internet ◽  
Advantages And Disadvantages ◽  
The World ◽  
Technological Developments ◽  
Use Of Internet

This study aims to reveal the advantages and disadvantages offered by internet banking to financial institutions and their customers as well as the reasons why customers use/do not use internet banking. For this purpose, customers' perspectives on internet banking are presented to the reader in the past and present by statistics. This research points out that many customers of the bank around the world still do not use the internet. Hence, internet banking is not an option. Therefore, in this study, suggestions are made to enable the use of internet banking by the wider masses. In addition to internet banking, technological developments and digital innovations in the banking sector are mentioned in the chapter, and the evolution of internet banking is pointed out.

Does Organizational Heritage Matter in the Development of Offshore Markets? The Case of Australian Life Insurers

2013 ◽  
Vol 87 (2) ◽  
pp. 255-277 ◽  
Author(s):  
Monica Keneley
Keyword(s):  
Financial Markets ◽  
Life Insurance ◽  
International Markets ◽  
Insurance Companies ◽  
Insurance Markets ◽  
Global Networks ◽  
Financial Firms ◽  
Life Insurers ◽  
Sphere Of Influence ◽  
Late Starters

The globalization of financial markets over the past decade has focused the spotlight on the responsiveness of financial firms to international pressures. Insurance markets have traditionally relied on global networks not only to expand the insurers' sphere of influence but also to support domestic business. Until relatively recently, Australian insurance companies have not played a significant role in the development of international markets. However, in the last decade of the twentieth century Australian insurers ventured overseas on a scale without precedence. This article presents an historical perspective on the internationalization of the Australian life-insurance market with a view to understanding why these firms have been classified “late starters” in the internationalization stakes. In a broader capacity it provides insights into the impediments to overseas expansion and the forces encouraging or discouraging the development of cross border networks.

A Life in the Week of an Information Specialist in a Global Consulting Firm

2004 ◽  
Vol 4 (1) ◽  
pp. 25-27
Author(s):  
Angela Cleaver
Keyword(s):  
Human Capital ◽  
Financial Services ◽  
Financial Management ◽  
Employee Benefits ◽  
Business Services ◽  
Information Centre ◽  
The Past ◽  
The World ◽  
125Th Anniversary ◽  
The Uk

Watson Wyatt is a global consulting firm focused on human capital and financial management. We specialise in four areas: employee benefits, human capital strategies, technology solutions and insurance and financial services. Supporting these is Business Services, of which the Information Centre is part. We are based in the European headquarters in Reigate, Surrey. The firm itself has more than 6,300 associates in 86 countries around the world, and in the UK we have been included in the Sunday Times Best Places to Work for the past two years. We also celebrate our 125th anniversary this year.

scholarly journals PRAKTIK JUAL BELI SAHAM SYARI’AH PERSPEKTIF HUKUM ISLAM

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
Ahmad Faqih
Keyword(s):  
Capital Market ◽  
Financial Services ◽  
Financial Management ◽  
Islamic Law ◽  
New Product ◽  
The World ◽  
Islamic Religion ◽  
A Company ◽  
Good Standard ◽  
Selection Of

AbstrakSaham syari’ah sebagai sebuah instrumen keuangan Islam merupakan produk baru dalam dunia ekonomi Islam. Perusahaan-perusahaan yang hendak menerbitkan saham harus melalui seleksi syari’ah yang dilakukan oleh Otoritas Jasa Keuangan bersama Dewan Syari’ah Nasional. Seleksi tersebut meliputi bentuk usaha, produksi perusahaan, maupun pengelolaan keuangan. Apabila bentuk usaha dari suatu perusahaan dinilai bertentangan dengan prinsip-prinsip syari’ah, maka saham dari perusahaan tersebut pun tidak termasuk saham syari’ah. Para ‘ulama, dalam hal ini Dewan Syari’ah Nasional-Majelis Ulama Indonesia (DSN-MUI) mengeluarkan fatwa tentang prinsip-prinsip syari’ah yang harus diterapkan dalam jual beli saham syari’ah.            Seiring dengan perkembangan saham syari’ah ini, PT Phintraco Securities yang merupakan salah satu broker/pialang saham, telah mendapat sertifikat dari Dewan Syari’ah Nasional (DSN-MUI) untuk menjalankan praktik jual beli saham syari’ah dipasar modal syari’ah. PT Phintraco Securities sendiri sudah memiliki aplikasi yang mendukung bagi para investor untuk melakukan transaksi saham syari’ah secara online. Dalam praktiknya, PT Phintraco Securities mengenakan kepada para nasabahnya biaya upah atas penyediaan layanan tersebut yang kemudian disebut Ujroh. Dengan adanya aplikasi ini, praktik-praktik yang bertentangan dengan prinsip syari’ah dapat dikontrol. Karena aplikasi ini memiliki sistem Auto Rejact dan membatalkan otomoatis setiap transaksi yang dianggap merugikan pihak lain.            Dalam sudut pandang agama Islam berdasarkan analisis yang telah kami lakukan, menghasilkan kesimpulan bahwa praktik jual beli saham syari’ah di PT Phintraco Securities sudah sesuai dengan apa yang dijadikan standar baik menurut Alqur’an, Alhadits, Ijma’ para ‘ulama maupun undang-undang yang berlaku di IndonesiaKata Kunci : Praktik Jual Beli Saham Syari’ah, Saham Syari’ah, Hukum Islam   AbstractShariah shares as an Islamic financial instrument is a new product in the world of Islamic economics. Companies that want to issue shares must be through the selection of shariah conducted by the Financial Services Authority along with the National Shari'ah Council. Selection includes the form of business, company production, and financial management. If the form of business of a company is considered contrary to the principles of shari'ah, then the shares of the company also does not include Shari'ah shares. The 'ulama, in this case the National Shari'ah Council-Majelis Ulama Indonesia (DSN-MUI) issued a fatwa on the principles of shari'ah that should be applied in the sale and purchase of Shariah shares.            Along with the development of Shari'ah shares, PT Phintraco Securities which is one of the brokers / sharebrokers, has been certified by the National Shari'ah Board (DSN-MUI) to practice the sale and purchase of syari'ah shares in the syari'ah capital market. PT Phintraco Securities itself already has a supporting application for investors to conduct stock transactions shari'ah online. In practice, PT Phintraco Securities charges its customers with wage fees for the provision of the service, which Ujroh later called. With this application, practices that are contrary to Shariah principles can be controlled. Because this application has an Auto Rejact system and cancel any otomoatis transactions that are considered harmful to other parties.In the viewpoint of Islamic religion based on analysis we have done, the conclusion that practice of buying and selling Shari'ah shares in PT Phintraco Securities is in accordance with what is used as a good standard according to Alqur'an, Alhadits, Ijma 'para' ulama or law applicable in IndonesiaKeywords: practice of shari'ah share buy and sell, shari'ah share, Islamic Law.

scholarly journals Imperatives of development of post-socialist countries financial markets

2019 ◽  
pp. 80-88
Author(s):  
Olena Borzenko
Keyword(s):  
Financial Markets ◽  
Financial Services ◽  
World Economy ◽  
Financial Integration ◽  
Supply And Demand ◽  
Social Process ◽  
Financial Sector ◽  
Financial Systems ◽  
Global Science ◽  
The World

The relevance of the article in the analysis of the modern geopolitical space in which there are dramatic changes that qualitatively alter the disposition of post-socialist countries and regions of the world under the influence of scientific, technological, information, organizational and social process. The process of forming regulatory mechanisms for the functioning of the financial markets of the post-Soviet countries is linked to the transformation processes of global monetary and financial relations management. In modern conditions, the national financial market cannot be separated from the processes occurring in the world economy. In the last decades theoretical and practical problems of geoeconomics and global science have been investigated in the works of foreign scientists: L. Abalkin, M. Alle, U. Anderson, A. Anikina, J. Ackerloff, J. Arriga, D. Bell, W. Beck, Z. Brzezinski, I. Wallerstein, L. Galitz, J. Gelbraith, E. Giddens, M. Golovnin, P. Drucker, A. Kavkin, M. Castels, D. Keynes, L. Krasavina, V. Kruglov and others. It is observed that in the process of interaction of various factors of development in the world markets, an appropriate market conjuncture is formed, which reflects changes in specific conditions of market functioning and supply and demand, related to the dynamics of prices for goods and profits of firms and based on the cyclical development of the world economy, reflecting the nature of a market economy. Research methods are based on general scientific principles and fundamental principles of economic theory, theories of international economic relations and financial globalization, evolving in the face of geo-economic changes. The development of post-socialist countries is characterized by significant differences in the rates of economic growth and stabilization of monetary and financial systems, which is caused by: first, a significant stratification of economies in terms of development; second, the disintegration processes in mutual trade and more successful integration into the global trading environment due to the accelerated liberalization of the foreign trade sector compared to the financial sector; third, the incompleteness of financial sector reforms and the low level of development of financial services markets, respectively, the inefficiency of financial integration; fourth, the monetary and financial systems of the countries of the region remain vulnerable to the external effects of the crisis. The most powerful post-socialist countries (Russia, Kazakhstan, Ukraine, Azerbaijan) make more effective use of the benefits of globalization in the sphere of integration into the world economy.

The gambling industry: global structures and modern trends

2018 ◽  
pp. 23-36
Author(s):  
Pekka Sulkunen ◽  
Thomas F. Babor ◽  
Jenny Cisneros Örnberg ◽  
Michael Egerer ◽  
Matilda Hellman ◽  
...  
Keyword(s):  
North America ◽  
Financial Markets ◽  
First Century ◽  
The Internet ◽  
Gambling Industry ◽  
The Past ◽  
The World ◽  
Digital Transactions ◽  
Gambling Expenditures ◽  
Different Parts

This chapter describes the growth of the global gambling industry in terms of its volume, structure, and the distribution of different types of games in different parts of the world over the past 50 years, especially in the first two decades of the twenty-first century. Globalization of the market through the internet threatens the ability of governments to tax or otherwise harvest revenue from gambling. However, liberalizing regulations on gambling started in many countries before the internet became a relevant medium. Fiscal motives and ideological reasons probably explain the liberalizing trend because it started at the same time that deregulation of financial markets affected the supply of credit and boosted digital transactions. Growth in gambling markets has been greatest in North America, Asia , and Europe. Countries with high overall gambling expenditures tend to spend proportionately larger amounts in casinos and on gambling machines outside casinos.

ON THE EFFECTIVENESS OF THE ISLAMIC BANKING ARCHITECTURE

2021 ◽  
pp. 40-46
Author(s):  
М. Р. Таштамиров
Keyword(s):  
Financial Markets ◽  
Financial Services ◽  
Financial Management ◽  
Financial Resources ◽  
Islamic Banking ◽  
Financial Assets ◽  
Islamic Banks ◽  
Economic Sectors ◽  
Effectiveness And Efficiency

Исламские банки доказали свою эффективность и действенность как в методах финансового управления, так и в мобилизации финансовых ресурсов для содействия развитию в различных экономических секторах не только в исламских странах, но и в европейских, в соответствии с исламскими шариатскими нормами. Цель статьи заключается в изучении показателей и исламских методов, принятых для улучшения распределения финансовых ресурсов, и его конкретных путей повышения доходов. Кроме того, исламские финансовые активы были задействованы на огромных финансовых рынках благодаря высокому качеству финансовых услуг, предоставляемых инвесторам. Собственно, исламский банкинг существует более чем в 67 странах и к концу 2021 года может охватить около 75 стран мира. Результаты показывают, что успешность развития индустрии исламских финансовых активов лежит в фундаментальных аспектах построения архитектуры исламского банкинга, как наиболее распространенного сегмента исламских финансов. Islamic banks have proved their effectiveness and efficiency in both financial management and the mobilization of financial resources to promote development in various economic sectors, not only in Islamic countries, but also in European ones, in accordance with Islamic sharia norms. The purpose of the article is to examine the indicators and Islamic methods adopted to improve the allocation of financial resources and its specific ways to increase income. In addition, Islamic financial assets were used in huge financial markets due to the high quality of financial services provided to investors. Actually, Islamic banking exists in more than 67 countries and by the end of 2021 it can cover about 75 countries of the world. The results show that the success of the Islamic financial asset industry lies in the fundamental aspects of building the architecture of Islamic banking, as the most common segment of Islamic finance.

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