PREDICTION OF CLIMATE CHANGE USING ARIMA MODEL

The climate and weather system prediction has always attracted interest. Climate change risks including physical risks, liability risks and transition risks, it’s directly affecting the insurance industry. Climate change is majorly affecting the insurance sector; they are such as extreme heat during summer and extreme rainfall (Flood). It affects both insurance and reinsurance sector. Constructing the model is a necessary process but choosing the model which suits our data is very necessary. In those days the weather reports telecast in news but now even our smart phone notified the weather. In this paper study the climate prediction algorithms using R and also using Cost-free R language tool to forecast the climate using time ARIMA model for the Indian climate.

Download Full-text

CLIMATE CHANGE RISKS AND EFFECTS ON HUMAN HEALTH: IMPACT ON THE INSURANCE SECTOR

European Journal of Management ◽

10.18374/ejm-19-2.4 ◽

2019 ◽

Vol 19 (2) ◽

pp. 47-62

Author(s):

Marius Gavriletea

Keyword(s):

Climate Change ◽

Human Health ◽

Health Impact ◽

Insurance Sector ◽

Human Health Impact ◽

Climate Change Risks

Download Full-text

E-Insurance :A Platform For Insurance Penetration In India

Restaurant Business ◽

10.26643/rb.v118i6.7658 ◽

2019 ◽

Vol 118 (6) ◽

pp. 90-93

Author(s):

L. Terina Grazy ◽

Dr.G. Parimalarani

Keyword(s):

Insurance Industry ◽

Cost Effective ◽

Online Marketing ◽

Insurance Companies ◽

The Internet ◽

Insurance Sector ◽

The People ◽

Cost Effective Approach ◽

Time And Energy ◽

Work Done

E-commerce is a part of Internet Marketing. The arrival of Internet made the world very simple and dynamic in all the areas. Internet is the growing business as a result most of the people are using it in their day to day life. E-commerce is attractive and efficient way for both buyers and sellesr as it reduce cost, time and energy for the buyer. No surprise the insurance sector has become quite active within the internet sphere. Most insurance companies are offering policies to be brought online and also the portals for paying premiums. It actually saves from hassles involved in going to an insurance office and spend hours to get the insurance work done. Insurance has become an important and crucial aspect of life. Online insurance is the best and most cost effective approach of taking the insurance deal. This paper focused on influence of online marketing on the insurance industry in India, usage of internet in India , the internet penetration in India and the online sale of insurance product by the insurance sector.

Download Full-text

AN EMPIRICAL STUDY OF INDIAN INSURANCE INDUSTRY POST GLOBAL FINANCIAL CRISIS

GBAMS- Vidushi ◽

10.26829/vidushi.v6i01-02.9723 ◽

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.

Download Full-text

On Climate Change Risks of Long-Term Socio-Economic Development in Russia

Russian Economic Journal ◽

10.33983/0130-9757-2019-5-79-95 ◽

2019 ◽

pp. 79-95

Author(s):

N.E. Terentiev

Keyword(s):

Climate Change ◽

Economic Development ◽

Technological Innovation ◽

Global Climate Change ◽

Global Climate ◽

Climate Risk ◽

Climate Change Risks ◽

Socio Economic Development ◽

Management Policies

Based on the latest data, paper investigates the dynamics of global climate change and its impact on economic growth in the long-term. The notion of climate risk is considered. The main directions of climate risk management policies are analyzed aimed, first, at reducing anthropogenic greenhouse gas emissions through technological innovation and structural economic shifts; secondly, at adaptation of population, territories and economic complexes to the irreparable effects of climate change. The problem of taking into account the phenomenon of climate change in the state economic policy is put in the context of the most urgent tasks of intensification of long-term socio-economic development and parrying strategic challenges to the development of Russia.

Download Full-text