Discussion of "The Insurance Industry in Defense and War Finance" by Corliss L. Parry, and "The Impact of Federal Policies on Equity Capital" by Kenneth Field

1942 ◽  
Vol 9 (1) ◽  
pp. 76
Author(s):  
Ralph E. Badger
Keyword(s):  
Insurance Industry ◽  
Equity Capital ◽  
Federal Policies ◽  
War Finance ◽  
The Impact

scholarly journals Optimal labor and capital utilization by financial firms: evidence from the German property and casualty insurance industry

2021 ◽  
Author(s):  
Martin Eling ◽  
Martin Lehmann ◽  
Philipp Schaper
Keyword(s):  
Financial Services ◽  
Insurance Industry ◽  
Cost Savings ◽  
Equity Capital ◽  
Firm Characteristics ◽  
Firm Level ◽  
Financial Firms ◽  
Level Data ◽  
Main Driver ◽  
The Impact

AbstractMotivated by discussions whether financial firms use too much equity capital and labor, we analyze the input utilization in the German property and casualty (p/c) insurance industry in a newly constructed sample of firm-level data in the period 1956–2019. An earlier study for the U.S. (Cummins and Nini, J Financial Serv Res 21(1–2):15–53, 2002) finds that p/c insurers over-utilize capital. Compared to this study, our large historical dataset exhibits less heterogeneity and thus allows a cleaner identification of the impact of firm characteristics on input factor utilization. We show that German p/c insurers have substantial cost savings potential and that labor input is the main driver of inefficiency. We also document severe differences in firm characteristics driving the utilization of labor. Our results contribute to both the academic discussion on productivity and efficiency in financial services as well as to the political discussion on the future of work and capital regulation in this sector.

AN EMPIRICAL STUDY OF INDIAN INSURANCE INDUSTRY POST GLOBAL FINANCIAL CRISIS

2015 ◽  
Vol 6 (01-02) ◽  
Author(s):  
Anis Ur Rehman ◽  
Yasir Arafat Elahi ◽  
Sushma .
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Insurance Industry ◽  
Primary Data ◽  
Policy Recommendations ◽  
Insurance Sector ◽  
The World ◽  
The Impact ◽  
The New Deal

India has recently emerged as a major political and economic power in the world. The financial crisis that engulfed the world in 2008 needed developing countries like India to lead the rescue and recovery, instead of G7 westerns countries who dealt with such crisis in the past. Recently, discussions and negotiations are going amongst G20 countries regarding a new global financial architecture (G-20 Summit, 2008). The outcome will affect the relevant industries in India and hence it is a public interest issue for the actuarial profession in the country. Increased and more intrusive and costly regulations and red tapes are likely to be a part of the new deal (Economic Survey 2009-10). The objective of this paper is to study the perception of higher level authorities in Insurance sector regarding the role of regulator in minimizing the impact of global financial crisis. The primary data has been collected from 200 authorities in insurance industry. The data has been analyzed with statistical tools like MS-Excel. On the basis of the findings, various measures and policy recommendations for insurers have been suggested to minimize the impact of crisis.

scholarly journals The impact of the equity capital and trade credit financial sources on the company's performances sustainability

2020 ◽  
Vol 67 (3) ◽  
pp. 735-746
Author(s):  
Dragan Milošević ◽  
Jovanka Popović ◽  
Jelena Avakumović ◽  
Goran Kvrgić
Keyword(s):  
Trade Credit ◽  
Equity Capital ◽  
The Impact

scholarly journals The Effect of Chief Executive Officer Dominance and Shareholder Rights on Cost of Equity Capital in Pakistan

2020 ◽  
Vol V (III) ◽  
pp. 84-93
Author(s):  
Yawar Miraj Khilji ◽  
Shehzad Khan ◽  
Muhammad Faizan Malik
Keyword(s):  
Chief Executive Officers ◽  
Stock Exchange ◽  
Chief Executive ◽  
Fixed Effect Model ◽  
Equity Capital ◽  
Shareholder Rights ◽  
Cost Of Equity Capital ◽  
Cost Of Equity ◽  
Firm Level ◽  
The Impact

This Research explores the effect of Chief executive Dominance and Shareholder rights on Cost of equity of listed companies in an emerging equity market, Pakistan. The research is for the period of 2012 to 2018 for which firm level data of top 100 non-financial listed firms from Pakistan Stock Exchange has been examined by using descriptive statistics, a correlation -matrix, Pooled OLS and Fixed Effect Model approach. The impact of controlled variables which includes firm size, Financial Leverage, and Book to market ratio influence on the firms cost of equity has also been investigated. Research results indicate that when Chief executive officers align their interest with that of shareholders, the risk of agency problem is mitigated thus leading to lower cost of equity.

scholarly journals The continuous market cycle of the short term insurance industry

2012 ◽  
Vol 2 (1) ◽  
pp. 22-29
Author(s):  
Liezel Essel ◽  
Frederik J. Mostert ◽  
Jan Hendrik Mostert
Keyword(s):  
South Africa ◽  
Insurance Industry ◽  
Emerging Market ◽  
Literature Study ◽  
Short Term ◽  
Financial Decision Making ◽  
Empirical Survey ◽  
Term Insurance ◽  
Financial Decision ◽  
The Impact

The short-term insurance industry is a cyclical type of business due to the impact of the continuous market cycle. This cycle has a growth phase, soft market phase, hard market phase and a break-even phase. The objective of the research paper focuses on the improvement of financial decision-making when executives of the short-term insurance industry are managing their business during the various phases of the continuous market cycle. Both a literature study and an empirical survey were necessary to achieve the research objective. The empirical survey included the contributions of the top nine commercial and corporate short-term insurers in South Africa. They represented more than 77% of the total gross written premiums in 2009 and can thus be considered as the leaders of the short-term insurance industry in this country. The conclusions of the study should be valuable to other developing countries with emerging market economies as South Africa is also classified as such. The study focused on the various factors which may cause the continuous market cycle, the problem areas which the executives experience concerning the continuous market cycle, and how often various factors are adjusted by the short-term insurers to account for changes in the continuous market cycle.

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