HUMAN CAPITAL DI ERA DIGITAL

2020 ◽  
Vol 3 (1) ◽  
pp. 21-32
Author(s):  
Hani Damayanti ◽  
Nur Efendi ◽  
A. Rifa'i
Keyword(s):  
Human Capital ◽  
Data Analysis ◽  
Insurance Industry ◽  
Rapid Development ◽  
Development Program ◽  
Insurance Companies ◽  
Product Knowledge ◽  
Analysis Model ◽  
Digital Era

The insurance industry shows rapid development which proven by the improvement of the number of users of insurance products and high level of competition. To be able to compete in the digital era, insurance companies must be supported by marketers who have the knowledge, expertise, abilities and skills that make human capital or company assets (human capital). Human capital development program is not just a cost, but a long-term investment that can benefit the company in the long term. This study was aimed to determine, describe, and analyze the development of human capital marketers in the digital era in terms of insurance industry (Prudential Indonesia). The data analysis used was an interactive data analysis model developed by Miles & Huberman. The results of the research showed that Prudential Indonesia developed the human capital as a strategy for Prudential Indonesia to be the best and undefeated insurance industry in the digital era through continuous and up-to-date training. The development of human capital for marketers is done through the identification of human capital components, so that the marketers have product knowledge, licenses, experience, appearance, networks / connections, self-quality, independent, and creative. The other components such as motivation, support leaders, organizational atmosphere, and work group effectiveness will also influence the marketers to be able to achieve higher performance in order to compete in the digital era.   Program pengembangan human capital bukan hanya sekedar biaya, melainkan investasi jangka panjang yang dapat menguntungkan perusahaan dalam jangka waktu yang lama. Penelitian ini bertujuan untuk mengetahui, mendeskripsikan, dan menganalisis pengembangan human capital tenaga pemasar di era digital dalam industri asuransi (Prudential Indonesia). Analisis data menggunakan model interaktif yang dikembangkan oleh Miles & Huberman (2009). Hasil penelitian menunjukkan bahwa pengembangan human capital menjadi strategi untuk dapat bersaing di era digital melalui pelatihan yang berkelanjutan. Pengembangan dilakukan melalui identifikasi komponen human capital, agar tenaga pemasar memiliki pengetahuan produk, lisensi, pengalaman, penampilan, jaringan/koneksi, kualitas diri, mandiri, serta kreatif. Komponen lain seperti motivasi, support leader, suasana organisasi, dan efektifitas kelompok kerja juga akan mempengaruhi tenaga pemasar untuk dapat mencapai kinerja yang lebih tinggi agar dapat bersaing di era digital.

Poor Claims Settlement And Demand For Insurance Policies In Nigeria

2021 ◽  
Vol 8 (4) ◽  
pp. 53-64
Author(s):  
Omowumi Ayoni Momoh ◽  
Oyefemi Ismail O. Oyetunji
Keyword(s):  
Insurance Industry ◽  
Insurance Companies ◽  
Primary Data ◽  
Demand For Insurance ◽  
Insurance Policies ◽  
Chi Squared ◽  
Insurance Firms ◽  
And Control ◽  
Structured Questionnaire

This study investigates the poor claims settlement and demand for insurance policies in Nigeria to provide empirical evidence which would assist not only the insurance companies but also the policymakers by using these findings to design future insurance services and policies that can be geared towards promoting insurance market development. The population focused in the study included few licensed insurance firms in Nigeria. This is due to the fact that they dominate and control the larger interest in the market share. Primary data was used for this study through well-structured questionnaire. Chi- squared statistics and correlation with the tabulated contingency table on the basis of an assumptions were employed. The results show that poor claim settlement has significant effect on demand for Insurance policies in Nigeria and that there is long term and significant relationship between poor claim settlement and demand for insurance policies in Nigeria. The study therefore, recommends that insurance industry should be redefined through appropriate Acts, introducing competitions and innovations in the services so as to compete effectively and meet consumer needs by dealing with changing expectations of policyholders so as to ensure that satisfaction of all the parties are guaranteed.

scholarly journals Value Investment Based on Data Analysis with Comparison of Three Insurance Corporations in the US

2020 ◽  
Vol 214 ◽  
pp. 01001
Author(s):  
Jinnan Sun
Keyword(s):  
Data Analysis ◽  
Crucial Role ◽  
Insurance Industry ◽  
Investment Analysis ◽  
Insurance Companies ◽  
Specific Data ◽  
The Us ◽  
Investment Advice

Value investment analysis plays a crucial role in people’s judgment of whether an enterprise is worthy of continuing investment. Because it helps people reduce the likelihood of making a bad investment, whether it’s worth it, and how do you combine the various factors. The purpose of this paper is to analyze the value of the company’s investment in the insurance industry. AIG, ALL and MET were selected from a large number of insurance companies. Using P/E and P/S ratio to compare the prospects of several companies of the same type through specific data, investment analysis. Finally, the best companies to invest in among the three companies are obtained by combining the display situation, and give final investment advice.

FACTORS INFLUENCING CAPITAL ADEQUACY IN BUSINESS ORGANIZATIONS: A CASE OF KENYA’S INSURANCE INDUSTRY

2017 ◽  
Vol 2 (4) ◽  
pp. 1
Author(s):  
Lewis Wanja Jane ◽  
Dr. Aloys B. Ayako ◽  
Mr. William Kinai
Keyword(s):  
Regression Analysis ◽  
Insurance Industry ◽  
Calculated Data ◽  
Capital Requirements ◽  
Capital Adequacy ◽  
Insurance Companies ◽  
Unique Contribution ◽  
Analysis Model ◽  
Factors Influencing ◽  
Beta Coefficient

AbstractPurpose: The purpose of this study was to determine the factors influencing capital adequacy in business organizations.Methodology: A case study design was. The study consisted of 46 insurance companies. The data is quantitative and secondary data collection method was used. The study used descriptive and regression approach in data analysis. Using Statistical Package for Social Sciences (SPSS) regression analysis model was calculated. Data was presented in tables and graphs.Results: Regression analysis showed that ownership listing status had a beta coefficient of (-16.614) and that it was statistically insignificant (0.329). Regression analysis showed that dividend payout ratio had a beta coefficient of -0.455 and that it was statistically significant (0.000). Regression analysis showed that the profitability ratio had a beta coefficient of 0.485 and that it was statistically significant (0.000). Regression analysis showed that the liquidity ratio had a beta coefficient of 0.226 and that it was statistically significant (0.000). Regression analysis showed that the cost of capital had a beta coefficient of -0.566 and that it was statistically insignificant (0.125).Unique contribution to theory, practice and policy: The study recommended that insurance Regulatory Authority should put in measures to make the insurance companies adhere to the recent regulations and policies which require the companies to have minimum capital requirements and hence in turn increasing capital adequacy.

Assessing the Technical Efficiency of Traditional and Corporate Agents in Indian Life Insurance Industry: Slack-based Data Envelopment Analysis Approach

2018 ◽  
Vol 21 (2) ◽  
pp. 490-506 ◽  
Author(s):  
Ankitha Shetty ◽  
Savitha Basri
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Life Insurance ◽  
Insurance Industry ◽  
Distribution Channels ◽  
Insurance Companies ◽  
Data Envelopment ◽  
Life Insurance Industry ◽  
Significant Difference

The distribution channels play an imperative role in the life insurance industry. In India, traditional and corporate agency are contributing immensely to the profitability of the insurance companies. The challenges faced by the distributional channels such as high attrition, soaring expense ratio and sales inefficiency have created the need to probe into the efficiency aspects of the channel players. In the absence of such studies in India, this article evaluates the technical efficiency of distribution channels in life insurance industry by analysing the data collected from 12 insurance companies for the period 2012 to 2016. The efficiency scores were obtained by applying data envelopment analysis that considered two inputs (number of agents and commission expenses) and two outputs (average business premium and total policies sold). The findings reveal no significant difference in the efficiency scores of bancassurance and traditional agents. Quiet life hypothesis that market share (ratio of premium contribution to total premium) of distributional channels and their efficiency scores are negatively correlated is not supported. Moreover, the slack analysis shows excess inputs per output generated for both the channels. If the companies that scored low in efficiency do not plug the leakages regarding commission as well a number of agents, adverse performance in the long-term and consequent financial crisis are inevitable.

scholarly journals Attracting and retaining highly educated individuals: Two examples of immigration policies

2018 ◽  
pp. 627-638
Author(s):  
Јelena Predojevic-Despic
Keyword(s):  
Human Capital ◽  
Rapid Development ◽  
Developed Countries ◽  
Immigration Policies ◽  
Foreign Born ◽  
Highly Educated ◽  
Short Period ◽  
The Usa ◽  
Selection Of

Ensuring more favourable conditions for immigration and circulation of the most educated structures of the foreign-born population has been rapidly becoming one of the most important goals of immigration policies in the economically developed countries. The availability of human capital is the basic precondition for the continuous economic development of every country. Therefore, the aim of the paper is to examine two successful examples (USA and Canada) of legal solutions to immigration policies for attracting and retaining professionals and highly educated individuals. Their bases are embedded in public policies relating immigrants of the majority of countries, both traditionally immigrant countries and the ones that have turned into immigrant countries. The USA and Canada are selected because they had relatively simple and quick procedures for granting immigrant visas back in the 1990s, which enabled a significant number of our highly educated citizens to immigrate to these two countries after the breakup of the former Yugoslavia. Immigration to the USA is based on a system of preferences and it relies significantly on the selection of immigrants based on the needs of the labour market. Canada?s example shows how through efficient development and in a relatively short period of time, the immigration system has been perfected by scoring, i.e. assessing the potential of human capital as the basic precondition for selecting potential immigrants. At the same time, the rapid development of the multiculturalism policy has created opportunities for successful long-term integration.

scholarly journals study of the Impact оf strategic Outsourcing оn the Interacting Market in Entrepreneurial Training and Human Capital Development

2020 ◽  
Vol 10 (1) ◽  
pp. 77-83 ◽  
Author(s):  
J. M. Gruzina ◽  
Kh. P. Kharchilava ◽  
K. Yu. Mukhin
Keyword(s):  
Human Capital ◽  
Business Processes ◽  
Rapid Development ◽  
University Graduates ◽  
Strategic Outsourcing ◽  
Entrepreneurial Training ◽  
The Right ◽  
Capital Development ◽  
The Impact

Due to the rapid development of digital technology, the structure of future jobs is becoming increasingly complex, and university graduates need to acquire the right combination of skills to succeed in a rapidly changing world. The need for continuous replenishment and updating of professional knowledge is determined by the pace of scientific and technological progress, the transition to the information stage of the development of society, and the widespread use of innovative technologies. There are prerequisites for the formation and development of the category of “strategic outsourcing”. Unlike the services of the service, which have a one-time, episodic nature, strategic outsourcing is usually transferred to the functions of professional support for the uninterrupted operation of individual systems and infrastructure based on a long-term contract. Strategic outsourcing allows not only to restructure business processes radically but also significantly improve opportunities and prospects. The purpose of this study is to study the concept of outsourcing in entrepreneurial training and the development of human capital.

Enterprise Risk Management Maturity Levels of the Insurance Industry in Botswana

2021 ◽  
Vol 2 (Issue 1 (January to March 2021)) ◽  
pp. 23-32
Author(s):  
Moreblessing Ngwenya ◽  
Sam Ngwenya
Keyword(s):  
Risk Management ◽  
Insurance Industry ◽  
Continuous Process ◽  
Enterprise Risk Management ◽  
Insurance Companies ◽  
Maturity Model ◽  
Enterprise Risk ◽  
Term Insurance ◽  
Risk Maturity

Enterprise Risk Management (ERM) has become a necessity in the financial sector to fulfil stakeholder expectations. Studies confirm that ERM impacts positively on the performance of firms. The main objective of the study was to assess ERM maturity levels of the insurance industry in Botswana. This was achieved through first designing a framework to measure enterprise risk management maturity levels. The ERMMF incorporated elements from COSO’s ERM framework and the AON risk maturity model obtained through literature review. Data were sourced from four strata; 9 long term insurance companies (15 respondents), 11 short-term insurance companies (19 respondents), 3 reinsurers (5 respondents), and 44 brokerages (75 respondents). While all organisations in the population were used, a sample of 114 out of possible 134 respondents was used. Data were analysed using SPSS version 16. The findings revealed that the insurance industry in Botswana had somewhat implemented ERM. It is therefore recommended that the insurance industry in Botswana should take ERM as a continuous process for growth in ERM maturity levels as such an improvement is highly likely to enhance their performance.

scholarly journals Future investment value of China’s listed life insurance companies’ H shares from the perspective of secondary market

2020 ◽  
Vol 218 ◽  
pp. 04012
Author(s):  
Lixin Yang
Keyword(s):  
Interest Rate ◽  
Life Insurance ◽  
Insurance Industry ◽  
Secondary Market ◽  
Insurance Companies ◽  
Market Demand ◽  
Life Insurance Industry ◽  
The Future ◽  
The Impact

China’s life insurance industry has just started in the 1990s after the reform and opening up, and its development experience is obviously insufficient, and it has not gone through a very complete life insurance development cycle. No matter from the actuarial technology, the professional level of the agent, the popularization time of the agent system, or the management experience, it is far from the developed areas of the world’s life insurance industry. In addition, many professional investors are worried about the future prospects of China’s life insurance industry because of the long-term existence of a low interest rate environment. However, after reading detailed materials (research papers, books, reviews, etc.), the final conclusion of this report is different from that of other too cautious investors . This report holds that: the current situation and prospect of China’s life insurance H shares meet the conditions of Davis double-click, and the main investors in the secondary market will encounter a unique opportunity to obtain excess returns by investing in domestic insurance H shares. On the level of objective factors, we analyze from the following four aspects: (I) the potential demand for life insurance in China will continue to increase significantly in the future; (II) most of the representative life insurance companies in China have low valuations; (III) the possible style switching in China’s secondary market is conducive to the rise of blue chips such as life insurance companies; (IV) from the long-term perspective of history, the insurance index has significantly outperformed the Shanghai Composite Index, which represents the market. In terms of subjective factors, we consider them from the following four perspectives: (I) the development and problems of life insurance industry in Japan and Taiwan; (II) on the liability side, China’s life insurance industry vigorously develops new products with high business value, so as to resist the impact of low interest rates; (III) the diversification of asset allocation at the investment end of China’s life insurance industry can make the profit of life insurance industry not limited by the interest rate; (IV) the change of service quality at the supply side is conducive to the life insurance companies to tap the potential market demand in China.

scholarly journals MPLEMENTASI PROGRAM ADIWIYATA MANDIRI DALAM PENINGKATAN PARTISIPASI PEMBELAJARAN LINGKUNGAN HIDUP DI SMP NEGERI 12 SURABAYA

2020 ◽  
Vol 21 (01) ◽  
pp. 30-42
Author(s):  
Rica Naudita Krisna Setioningrum ◽  
Jojok Mukono
Keyword(s):  
Data Analysis ◽  
Analysis Model ◽  
Team Members ◽  
Environmental Learning ◽  
Collection Data ◽  
Working Groups ◽  
Interactive Data ◽  
Strategic Program ◽  
Depth Interviews

 This research is located at SMP Negeri 12 Surabaya, which is one of the junior high schools that started pioneering for Adiwiyata Schools starting in 2010. The aim of implementing the Adiwiyata program in this school is to create schools that are caring, cultured in the environment and increasing participation in environmental learning. This study has a sub-focus of discussion that has been determined namely the enviromentally sound policies that are applied, the implementation of the environment-based curriculum applied, participatory environment-based activities, management of environmentally friendly supporting descriptive approach. The procedur of collecting research data is observation, in-depth interviews and documentation. Data sources are interviews of adiwiyata team members, team members and teachers. The data analysis of this research used an interactive data analysis model with data collection, data reduction,data presentation and verification. The result of the study showet that the school succeeded in obtainig the Adiwiyata Mandiri school award by forming 15 working groups and establishing 15 activities to support the implementation of the Adiwiyata program. Each working group has minimum of 2 teachers as supervisors and 12 to 20 students. These activities are in the form of takakura waste processing, composter,toga plants, healthy canteen, a clean Friday , 4R (Reuse, Reduce, Recycle, Replace), etc. The program implemented as a strategic program has long-term and sustainable benefit.

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