scholarly journals Identifying Predictors of Perceived Claims of Insurance Fraudulance

2021 ◽  
Vol 9 (6) ◽  
pp. 68-76
Author(s):  
P. Ravindran Pathmananathan ◽  
Khairi Aseh
Keyword(s):  
Life Insurance ◽  
Operation Management ◽  
Liability Insurance ◽  
Insurance Fraud ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Illegal Activity ◽  
Independent Variables ◽  
Business Operation ◽  
The World

Insurance fraud affects nearly every industry in the world, costing companies and others that pay insurance premiums billions of dollars per year. Insurance fraud can be found in almost any area of business where liability insurance is carried and intended to protect consumers; illegal activity can be detected in almost any field of business where liability insurance is carried and intended to protect consumers. The aim of this study is to study the predictor/s of anti-insurance fraud among non-insurer companies in Vietnam. This study was conducted using a questionnaire that was completed by 51employees who are currently working in the 11 non-life insurance company in Vietnam. It can be concluded that there exists a significant relationship between all the three independent variables which are namely claim procedure as well as business operation management and the dependent variable which is anti fraud procedure.

scholarly journals To Do a Work that Would Be Very Far Reaching: Minnie Geddings Cox, the Mississippi Life Insurance Company, and the Challenges of Black Women’s Business Leadership in the Early Twentieth-Century United States

2016 ◽  
Vol 17 (3) ◽  
pp. 473-514 ◽  
Author(s):  
SHENNETTE GARRETT-SCOTT
Keyword(s):  
United States ◽  
Life Insurance ◽  
The United States ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Board Meeting ◽  
Business Leadership ◽  
The Third ◽  
The World ◽  
Standard Life

In early December 1923 in Memphis, Tennessee, Minnie Geddings Cox sat in a hastily arranged board meeting across from Heman Perry, clear now that the man she had believed her advocate was most assuredly her adversary. Cox and Perry, a man Forbes magazine would describe in 1924 as the richest Negro in the world, spent nearly a year maneuvering a merger to join her company, Mississippi Life Insurance Company, the third largest black-owned life insurance company in the United States, with his Standard Life of Atlanta, which ranked second.1 They shared a vision to create the largest black-owned life insurance company in the United States—or so Cox thought.

scholarly journals Identying Factors That Influences Fradulences in Non-Life Insurance Companies

2021 ◽  
Vol 9 (6) ◽  
pp. 93-102
Author(s):  
P. Ravindran Pathmananathan ◽  
Khairi Aseh
Keyword(s):  
Life Insurance ◽  
Tax Evasion ◽  
Insurance Industry ◽  
Insurance Companies ◽  
Insurance Fraud ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Context Management ◽  
Public Context ◽  
Management Functions

Insurance fraud is the most common form of fraud in the world, aside from tax evasion. By its very existence, the insurance industry is prone to deception. Basic income levels in Vietnam have a tendency to steadily rise as a result of improving socioeconomic conditions. As a result, the need for citizen security has increased and become more diverse.The aim of this study is to study the predictor/s of anti-insurance fraud among non-insurer companies in Vietnam. This study was conducted using a questionnaire that was completed by 51 employees who are currently working in the 11 non-life insurance company in Vietnam. It can be concluded that there exists a significant relationship between all the four independent variables which are namely external regulations, public context, management functions as well as underwriting guidance.

Notes on the Practical Application of the Contribution Method of Distributing Surplus

1931 ◽  
Vol 62 (2) ◽  
pp. 243-275
Author(s):  
J. B. Maclean
Keyword(s):  
New York ◽  
Great Britain ◽  
Life Insurance ◽  
The United States ◽  
New Method ◽  
Insurance Company ◽  
Practical Application ◽  
Life Insurance Company ◽  
The World ◽  
First Time

It is now almost seventy years since Sheppard Homans, then actuary of the Mutual Life Insurance Company of New York, described in a paper presented to the Institute (J.I.A. Vol. XI, p. 121) a new method of surplus distribution, devised by himself and D. P. Fackler. The new method was one which had been applied by them for the first time in the surplus distribution of the Mutual Life in 1863. That method, known as the Contribution Plan, has since been universally adopted in the United States and Canada and is thus the method of surplus distribution which is and for many years has been applicable to the larger part of the life insurance in force throughout the world. The method was not received with favour by British actuaries nor, except possibly in isolated cases, has it ever been applied in Great Britain. The methods of T. B. Sprague and T. G. C. Browne, while frequently referred to as “contribution” methods, are of a different character from Homans’ method and differ from it radically both in principle and in practical application.

Mortality in India among Insured Lives

1926 ◽  
Vol 57 (2) ◽  
pp. 235-250
Keyword(s):  
New York ◽  
Life Insurance ◽  
Great Majority ◽  
Early Years ◽  
Insurance Company ◽  
Life Insurance Company ◽  
World War ◽  
Life Assurance ◽  
The World ◽  
Made In

In the year 1885 the New York Life Insurance Company commenced to do business in India and continued actively there until the outbreak of the World War. A reinsurance arrangement was made in 1922 with the Sun Life Assurance Company of Canada. Before disposing of the statistical records mortality investigations have been made, the results of which are now published in the hope that they may be of value to actuaries.In the early years a goodly proportion of our policies were issued to British residents of India, but this condition gradually changed so that since 1900 the great majority of policies were granted on natives of India. The change was partly due to the British companies granting the former more liberal treatment than we did. In determining the rates of premium our Company did not distinguish between natives of India and others. Until the end of the year 1913 the Company charged the tropical scale of premium and then changed to the semi-tropical rates, with a restriction, however, to 10, 15 and 20-Year Endowment Insurances maturing not later than age 65.

Tuesday Evening

PMLA ◽  
1935 ◽  
Vol 50 (4) ◽  
pp. 1357-1357
Keyword(s):  
Life Insurance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Local Committee ◽  
Tuesday Evening

On Tuesday evening the members of the Association, and attending members of their families, were entertained with a buffet supper at the Queen City Club at 7:30 p.m. at the invitation of Messrs. Joseph S. Graydon, John J. Rowe, and other Cincinnati friends of the Association. Following this supper an entertainment arranged by the Local Committee was presented in the Hall of the Western and Southern Life Insurance Company. Attendance: about 900.

Hr Practices And Hr Policies At Icici Prudential Life Insurance Company Ltd

Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 348-354
Author(s):  
T. Krishna Veni ◽  
G. Kalyani
Keyword(s):  
Human Resources ◽  
Life Insurance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Hr Practices ◽  
Commercial Center

The job of Human Resources is changing as quick as innovation and the worldwide commercial center. Generally, the HR Department was seen as organization, kept individual documents and different records, dealt with the enlisting procedure, and gave other authoritative help to the business. Those circumstances are different. The positive consequence of these progressions is that HR experts have the chance to assume a progressively vital job in the business. The test for HR chiefs is to stay up with the latest with the most recent HR developments—mechanical, lawful, and something else.

Indian Life Insurance Market and Corporate Performances: A Study of Selected Firms

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Joy Chakraborty ◽  
Partha Pratim Sengupta
Keyword(s):  
Market Share ◽  
Life Insurance ◽  
Market Concentration ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Insurance Sector ◽  
Life Insurers ◽  
Company Limited

In the pre-reform era, Life Insurance Corporation of India (LICI) dominated the Indian life insurance market with a market share close to 100 percent. But the situation drastically changed since the enactment of the IRDA Act in 1999. At the end of the FY 2012-13, the market share of LICI stood at around 73 percent with the number of players having risen to 24 in the countrys life insurance sector. One of the reasons for such a decline in the market share of LICI during the post-reform period could be attributed to the increasing competition prevailing in the countrys life insurance sector. At the same time, the liberalization of the life insurance sector for private participation has eventually raised issues about ensuring sound financial performance and solvency of the life insurance companies besides protection of the interest of policyholders. The present study is an attempt to evaluate and compare the financial performances, solvency, and the market concentration of the four leading life insurers in India namely the Life Insurance Corporation of India (LICI), ICICI Prudential Life Insurance Company Limited (ICICI PruLife), HDFC Standard Life Insurance Company Limited (HDFC Standard), and SBI Life Insurance Company Limited (SBI Life), over a span of five successive FYs 2008-09 to 2012-13. In this regard, the CARAMELS model has been used to evaluate the performances of the selected life insurers, based on the Financial Soundness Indicators (FSIs) as published by IMF. In addition to this, the Solvency and the Market Concentration Analyses were also presented for the selected life insurers for the given period. The present study revealed the preexisting dominance of LICI even after 15 years since the privatization of the countrys life insurance sector.

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