The Impact of Social Security Tax Contributions on Group Life Insurance Premiums

1987 ◽  
Vol 54 (4) ◽  
pp. 712 ◽  
Author(s):  
George E. Rejda ◽  
James R. Schmidt ◽  
Michael J. McNamara
Keyword(s):  
Social Security ◽  
Life Insurance ◽  
Insurance Premiums ◽  
Social Security Tax ◽  
Group Life ◽  
The Impact

scholarly journals Impact of Covid-19 on the dynamics of MTPL insurance premiums and claims paid in Latvia

2021 ◽  
Vol 9 ◽  
pp. 33-42
Author(s):  
Aivars Spilbergs ◽  
Andris Fomins ◽  
Maris Krastins
Keyword(s):  
Life Insurance ◽  
Policy Development ◽  
Third Party ◽  
Insurance Companies ◽  
Macroeconomic Factors ◽  
Insurance Premiums ◽  
Work From Home ◽  
Traffic Volumes ◽  
Containment Measures ◽  
The Impact

COVID-19 has devastated societies and economies around the world, leaving no sector untouched. The unprecedented crisis caused by Covid-19 led to unexpected changes in public behaviour: the restrictions imposed, especially during the pandemic outbreaks in March-April and November-December 2020, left a significant impact on traffic volumes. By the spring of 2020, more than half of the world’s population had been isolated with tough containment measures. Opportunities to work from home reduced the need to use private cars and, consequently, the demand for motor third party liability (MTPL) insurance. In order to understand the significance of the impact of the pandemic on MTPL insurance premiums and claims, the authors studied the impact of macroeconomic factors on the insurance market in Latvia in the period from 2005-2020. Using regression analysis methods, the evidence was obtained that changes in the macroeconomic situation significantly affect one of the main non-life insurance segments MTPL insurance. A set of indicators, that most significantly affect revenues and expenses in this business segment of insurance companies, was determined. The findings provide useful recommendations for insurance companies to reduce business risks and promote sustainable development. The results of the study are important for insurance-related econometric analysis, investment decisions, forecasting, and policy development.

Assessing the Impact of Suicide Exclusion Periods on Life Insurance

Crisis ◽  
2010 ◽  
Vol 31 (4) ◽  
pp. 217-223 ◽  
Author(s):  
Paul Yip ◽  
David Pitt ◽  
Yan Wang ◽  
Xueyuan Wu ◽  
Ray Watson ◽  
...  
Keyword(s):  
Life Insurance ◽  
Accidental Death ◽  
Insurance Policy ◽  
Death Rates ◽  
Insurance Policies ◽  
Suicidal Death ◽  
Insured Individual ◽  
The Impact ◽  
Insurance Data ◽  
The Relationship

Background: We study the impact of suicide-exclusion periods, common in life insurance policies in Australia, on suicide and accidental death rates for life-insured individuals. If a life-insured individual dies by suicide during the period of suicide exclusion, commonly 13 months, the sum insured is not paid. Aims: We examine whether a suicide-exclusion period affects the timing of suicides. We also analyze whether accidental deaths are more prevalent during the suicide-exclusion period as life-insured individuals disguise their death by suicide. We assess the relationship between the insured sum and suicidal death rates. Methods: Crude and age-standardized rates of suicide, accidental death, and overall death, split by duration since the insured first bought their insurance policy, were computed. Results: There were significantly fewer suicides and no significant spike in the number of accidental deaths in the exclusion period for Australian life insurance data. More suicides, however, were detected for the first 2 years after the exclusion period. Higher insured sums are associated with higher rates of suicide. Conclusions: Adverse selection in Australian life insurance is exacerbated by including a suicide-exclusion period. Extension of the suicide-exclusion period to 3 years may prevent some “insurance-induced” suicides – a rationale for this conclusion is given.

scholarly journals Casa de la Asegurada: A Collective Housing Facility for Women Development in Mexico

Buildings ◽  
2021 ◽  
Vol 11 (6) ◽  
pp. 236
Author(s):  
Lucía Martín López ◽  
Rodrigo Durán López
Keyword(s):  
Social Security ◽  
Public Space ◽  
Women's Movements ◽  
Mexican Families ◽  
History Of ◽  
New Ideas ◽  
And Gender ◽  
Collective Housing ◽  
Mexican Architecture ◽  
The Impact

While several women’s movements that aimed to modify their relationship with public space were taking place across the world, in 1956, the Mexican Social Security Institute founded the program Casa de la Asegurada, the subject of this study, as a tool for improving the social security of Mexican families through the input of cultural, social, artistic, and hygienic knowledge for women. The program’s facilities, Casas de la Asegurada, are located in the large Mexican housing complexes, articulating themselves to the existing city. Despite the impact on the lives of Mexican families, these have been ignored throughout the history of Mexican architecture. The main objective of this paper is to show the state of the art of Casa de la Asegurada and its facilities located in Mexico City. To achieve this, the greatest number available of primary sources on the topic was compiled through archive and document research. Sources were classified identifying information gaps to explain, in three different scales (program, facilities, and a case study), how they work through their objectives, performed activities, and evolved through time, so that the gathered information is analyzed with an urbanistic, architectural, and gender approach to contribute new ideas in the building of facilities that allow women empowerment.

Information technology and insurance development in Sub-Saharan Africa

2021 ◽  
pp. 026666692110289
Author(s):  
Taiwo Akinlo
Keyword(s):  
Information Technology ◽  
Mobile Phone ◽  
Life Insurance ◽  
Sub Saharan Africa ◽  
Method Of Moment ◽  
African Countries ◽  
Insurance Premiums ◽  
Negative Effect ◽  
Sub Saharan ◽  
Insurance Development

The study examined the relationship between information technology and insurance development in 40 sub-Saharan African countries during the period 2000-2017. The study employed System Generalised Method of Moment for the estimations. Life insurance premiums, non-life insurance premiums and total insurance premiums are used to measure life insurance, non-life insurance and total insurance, respectively. The information technology is measured by mobile phone, fixed telephone and Internet penetrations. The study found that the Internet promotes non-life insurance while its effect on life and total insurance is insignificant. The mobile phone produced a negative effect on life insurance, non-life insurance and total insurance. However, fixed telephone significantly contributed to life insurance, non-life insurance and total insurance. Based on these findings, there is a need for insurers to encourage their client to use information technology tools for insurance activities and also increase their interaction with their customers.

scholarly journals The contribution of changes to tax and social security to stalled life expectancy trends in Scotland: a modelling study

2020 ◽  
pp. jech-2020-214770
Author(s):  
Elizabeth Richardson ◽  
Martin Taulbut ◽  
Mark Robinson ◽  
Andrew Pulford ◽  
Gerry McCartney
Keyword(s):  
Life Expectancy ◽  
Social Security ◽  
Tax Credits ◽  
The Difference ◽  
Group Sex ◽  
The Uk ◽  
Social Security Benefits ◽  
The Impact ◽  
Welfare Reforms ◽  
Detrimental Impact

BackgroundLife expectancy (LE) improvements have stalled, and UK tax and welfare ‘reforms’ have been proposed as a cause. We estimated the effects of tax and welfare reforms from 2010/2011 to 2021/2022 on LE and inequalities in LE in Scotland.MethodsWe applied a published estimate of the cumulative income impact of the reforms to the households within Scottish Index of Multiple Deprivation (SIMD) quintiles. We estimated the impact on LE by applying a rate ratio for the impact of income on mortality rates (by age group, sex and SIMD quintile) and calculating the difference between inflation-only changes in benefits and the reforms.ResultsWe estimated that changes to household income resulting from the reforms would result in an additional 1041 (+3.7%) female deaths and 1013 (+3.8%) male deaths. These deaths represent an estimated reduction of female LE from 81.6 years to 81.2 years (−20 weeks), and male LE from 77.6 years to 77.2 years (−23 weeks). Cuts to benefits and tax credits were modelled to have the most detrimental impact on LE, and these were estimated to be most severe in the most deprived areas. The modelled impact on inequalities in LE was widening of the gap between the most and least deprived 20% of areas by a further 21 weeks for females and 23 weeks for males.InterpretationThis study provides further evidence that austerity, in the form of cuts to social security benefits, is likely to be an important cause of stalled LE across the UK.

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