scholarly journals Reaffirmation of J. Bertin's Ordinal Matrix for business strategy decision – taking apart of visualized data on map and reconstruction by the Ordinal Matrix

2019 ◽  
Vol 2 ◽  
pp. 1-8
Author(s):  
Keiichi Ishida
Keyword(s):  
Business Strategy ◽  
Statistical Data ◽  
Insurance Companies ◽  
Earthquake Risk ◽  
Location Information ◽  
Simultaneous Observation ◽  
Good Communication ◽  
Statistical Map ◽  
The Matrix ◽  
Future Strategy

<p><strong>Abstract.</strong> Visualization of statistical data is used for a good communication among involved personals. Taking an example of question on earthquake, it is important to review information where it will be occurred and how strong intensity is. Cartogram types of maps allow to easily see such information at a glance for everyone.</p><p>In case of insurance companies who develop their business worldwide, the map let them understand where we see earthquake risks without knowing local location information. This means that a European underwriter can review it even if this personal do not know Japanese earthquake risk at all, for example. So, the map is one of fundamental tools to assess where the company shall take insurance risks more or do not take it. In other word, where they efficiently do marketing to provide insurance? For marketing strategy, it is needed to see and to analyse several issues at once, i.e., how much exposures they are retaining within their portfolio, how much loss they will pay in future and how many expected clients they will have. Analysis for each aspect can be done by using a map to visualize relevant data. This is known as statistical map.</p><p>However, a simultaneous observation of different maps is not easy to see and understand how each aspect of alanysis should be considered with others. Now, this paper aim to show a capability of Jacques Bertin’s Ordinal Matrix. So, information on maps is taken and integrated by Bertin’s Matrix to analyse all information at once. And we will see how the Matrix lead us to make a decision for future strategy.</p>

scholarly journals Modelling the impact of earthquake activity on real estate values: a multi-level approach

2017 ◽  
Vol 10 (1) ◽  
pp. 73-90 ◽  
Author(s):  
Berna Keskin ◽  
Richard Dunning ◽  
Craig Watkins
Keyword(s):  
Real Estate ◽  
Perceived Risk ◽  
House Prices ◽  
Insurance Companies ◽  
Earthquake Risk ◽  
Earthquake Activity ◽  
Content Type ◽  
Multi Level ◽  
Environmental Events ◽  
The Impact

Purpose This paper aims to explore the impact of a recent earthquake activity on house prices and their spatial distribution in the Istanbul housing market. Design/methodology/approach The paper uses a multi-level approach within an event study framework to model changes in the pattern of house prices in Istanbul. The model allows the isolation of the effects of earthquake risk and explores the differential impact in different submarkets in two study periods – one before (2007) and one after (2012) recent earthquake activity in the Van region, which although in Eastern Turkey served to alter the perceptions of risk through the wider geographic region. Findings The analysis shows that there are variations in the size of price discounts in submarkets resulting from the differential influence of a recent earthquake activity on perceived risk of damage. The model results show that the spatial impacts of these changes are not transmitted evenly across the study area. Rather it is clear that submarkets at the cheaper end of the market have proportionately larger negative impacts on real estate values. Research limitations/implications The robustness of the models would be enhanced by the addition of further spatial levels and larger data sets. Practical implications The methods introduced in this study can be used by real estate agents, valuers and insurance companies to help them more accurately assess the likely impacts of changes in the perceived risk of earthquake activity (or other environmental events such as flooding) on the formation of house prices in different market segments. Social implications The application of these methods is intended to inform a fairer approach to setting insurance premiums and a better basis for determining policy interventions and public investment designed to mitigate potential earthquake risk. Originality/value The paper represents an attempt to develop a novel extension of the standard use of hedonic models in event studies to investigate the impact of natural disasters on real estate values. The value of the approach is that it is able to better capture the granularity of the spatial effects of environmental events than the standard approach.

scholarly journals STATISTICAL ANALYSIS OF THE KEY INDICATORS OF SMALL BUSINESS (ON THE EXAMPLE OF ADJARA)

2020 ◽  
pp. 42-49
Author(s):  
IAMZE SURMANIDZE
Keyword(s):  
Small Business ◽  
Business Strategy ◽  
Statistical Data ◽  
Business Environment ◽  
Business Development ◽  
Economic Potential ◽  
Small Business Development ◽  
The Government ◽  
Key Indicators ◽  
The Given

The article aims at investigating and analyzing the changes trends of small business key indicators in the Adjara region and forecasting, as well as the disadvantages that impede small business development in the region on the background of such critical phenomena as unemployment, low revenue and lack of production, small business development helps to solve these problems through the creation of additional job places, through the overcoming of sectorial and territorial monopolies and introducing innovations to evaluate the economic potential of the region and properly determine the business strategy, the key indicators of small business should be studied and evaluated. In the research the section of the given article econometric-statistical analyses of small business key indicators in Adjara is conducted based on statistical data of 2006-2017 years. The study aims at underlining the government policy supporting an advantageous small business environment and conditions, which is a precondition for regional development.

Financial Flows Matrix — a Tool for Implementing the Country’s Economic Policy

2021 ◽  
Vol 144 (4) ◽  
pp. 22-35
Author(s):  
Aleksandr I. Ageev ◽  
◽  
Al’bert R. Bakhtizin ◽  
Nafisa V. Bakhtizina ◽  
Badri Narayanan ◽  
...  
Keyword(s):  
Economic Activity ◽  
Statistical Data ◽  
Economic Systems ◽  
Interregional Trade ◽  
Financial Flows ◽  
Economic Relations ◽  
The World ◽  
The Matrix ◽  
History Of ◽  
Economic Regions

The article discusses a promising and well-proven tool for analyzing economic relations in socio-economic systems, which is actively used all over the world — the matrix of financial flows. The paper identifies the main areas of its application and briefly describes the history of its development in the world and specifically for Russia. The author also features the process of constructing a matrix for 12 economic regions of our country by types of economic activity. In the course of filling with statistical data the problem of assessing the volume of interregional trade was identified, which made it necessary to undertake an additional research, the results of which are presented in the article. In conclusion an example of practical use of the constructed matrix as an independent tool, as well as part of a more complex economic and mathematical model, is demonstrated.

Multi-Choice of E-Business Model for Best Practice within E-Business

2014 ◽  
Vol 631-632 ◽  
pp. 1194-1197
Author(s):  
Tsai Yun Lung
Keyword(s):  
Business Model ◽  
Business Strategy ◽  
Best Practice ◽  
Value Added ◽  
The Internet ◽  
Electronic Business ◽  
Model Classification ◽  
Business System ◽  
The Matrix ◽  
Revenue Streams

This paper presents a Multi-choice of E-Business Model for best practice within E-Business based upon the literature to define the logic of a business system for creating value & revenue streams in the Internet era. The objectives of this paper is to develop promote and coordinate the practice matrix of electronic business. It is composed of three main Perspectives, which are Strategy (Value-added), Business model (Classification), and Business process (Revenue streams). Finally, we show that it makes sense of E-business strategy to choose the e-BM, which was under the matrix of BM to compare value-added aspect with revenue streams.

Life Insurance Potential in India: An Economic Approach

2002 ◽  
Vol 6 (2) ◽  
pp. 11-18
Author(s):  
Ashok Thampy ◽  
S. Sitharamu
Keyword(s):  
Life Insurance ◽  
Business Strategy ◽  
Insurance Coverage ◽  
Insurance Companies ◽  
Public Confidence ◽  
Insurance Sector ◽  
The People ◽  
Building Activities ◽  
The Government ◽  
The Individual

The market for life insurance in India has evolved in the context of the specific socio-economic and political environment that existed over the years. Prior to nationalisation, although the insurance business had grown considerably, it remained an essentially urban phenomena. This limited spread of life insurance was also marked by many malpractices, deficiencies and frequent liquidation of insurance companies, shaking public confidence in purchasing insurance. The objectives of nationalisation were to spread insurance coverage, to provide a stable environment thus increasing the confidence of the people in insurance, and to harness the resources generated for nation building activities as determined by the government. The purpose of this paper is to estimate the size of the individual life insurance market that exists in India. In this study, we have not provided an estimate of the potential for group life insurance. It is hoped that these estimates will help to plan the business strategy and set goals in the life insurance sector.

scholarly journals LifeInsure: Choosing a Product Administration System to Manage Their Product Lifecycle

10.28945/3909 ◽  
2017 ◽  
Vol 2 ◽  
pp. 001-025
Keyword(s):  
South Africa ◽  
Business Strategy ◽  
Insurance Companies ◽  
Insurance Company ◽  
Aging Workforce ◽  
Administration System ◽  
Increased Risk ◽  
Automated Coding ◽  
Global Economic Growth ◽  
The Right

Joseph Bromer, Head of IT Solutions Delivery at LifeInsure Emerging Markets, deliberated on a challenge that he had just been given. TIBCO, a vendor supporting ObjectStar, notified LifeInsure that support for the application would cease at the end of 2017. ObjectStar was the Product Administration System (PAS) system used by LifeInsure. The ObjectStar platform was called Alpha and was used in over 200 applications. There were a number of risks, which added more pressure including the scarcity of skills and an aging workforce, but the key risk related to this was the lack of ongoing support. LifeInsure PLC was a leading insurance company in South Africa. Long-term insurers formed a big part of the financial sector in the economy of the country. Most insurance companies like LifeInsure were dependent on the global economic growth which influenced the growth of their organizations. South Africa’s economy showed decline at the end of 2015. This impacted LifeInsure’s performance. An aging PAS contributed to slowing down product delivery and increased risk. Alpha was business critical to the organization. The Alpha platform was divided into Alpha 1, 2 and 3. Alpha 3 was the main PAS system which was used for their main product range within Retail Affluent South Africa. These platforms execute various functions and integrate with various systems internally and externally. TIBCO formally proposed an option of migrating ObjectStar to their Business Works suite, including an automated coding port into Java. While TIBCO proposed migration as an option, noting that Java was trendy, LifeInsure had to make a very important decision. Should LifeInsure go with the solution of automatically porting, or should they explore other options, particularly for the core business applications? Whatever decision they made, it had to be future-fit for the organisation. Looking at these challenges, how should Joseph Bromer respond to this? In order to make an informed decision, it was clear that Joseph Bromer had to initiate an investigation into the PAS system that had been used by the business and the processes that underpinned this technology. It was important that the decision moved towards supporting the revised business strategy. The revised strategy was to move towards a center of excellence operating model. The product innovation department was working on a refreshed product strategy for the 3–core product ranges, which were: the protection range, savings range and the income range. Elements of these demanded that the right solution be sourced. These elements would allow for efficiencies enablement, giving rise to simpler product maintenance processes, service processes, sales processing, etc.

scholarly journals Professional Liability Insurance Fund in the Tourism Services Industry

2019 ◽  
Vol 9 (1) ◽  
pp. 3322-3325
Keyword(s):  
Statistical Data ◽  
Foreign Assistance ◽  
Liability Insurance ◽  
Insurance Companies ◽  
Insurance Fund ◽  
Professional Liability ◽  
New Approach ◽  
Foreign Countries ◽  
Services Industry ◽  
Tourism Services

The article deals with the features of operation of professional liability insurance fund in the tourism services industry. The authors review the foreign countries’ practice and the Russian practice on travel insurance for tourists. Particular attention is paid to insurance activities of famous foreign assistance companies. The references to overseas experience for national insurance companies are made. Statistical data concerning the tourists travelling through Europe and their requests of insurance products. The authors point out that tourists’ low-level awareness characterizes the domestic travel insurance in Russia. The most significant provisions of amendments of the Law on the framework of tourism containing the new approach to respect for the tourists’ rights in overseas trip insurance are examined.

scholarly journals Bancassurance Business Strategy in Life Insurance: a Case Study One of Joint Venture Company in Indonesia

2020 ◽  
Vol 11 (1) ◽  
pp. 103-115
Author(s):  
Ikhwan Abiyyu ◽  
Mukhamad Najib ◽  
Alla Asmara
Keyword(s):  
Life Insurance ◽  
Business Strategy ◽  
Joint Venture ◽  
Swot Analysis ◽  
Foreign Currency ◽  
Customer Segmentation ◽  
Insurance Companies ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Net Worth

This research will conduct bancassurance business strategy for one of life insurance company. Bancassurance business in Indonesia is wide open and needed the right strategy for every company. Life insurance companies in the bancassurance business hold an important roles as a party that providing the product for bank customers. The mapping is carried out for the current business conditions run by the company using BMC tool and will be deepened with a SWOT analysis for each component in BMC. To present a new market, the company need to apply a new strategy that has never been carried out by competitors, with the perspective of BOS, a write off-reduce-increase-create scheme will be implemented to produce BMC alternatives. The result showed three strategic issues for the company, there are product development by collaborating with general incurance, customer segmentation development especially for High Net Worth customers also offering product with foreign currency, and digital competency strengthening in selling and internal process. These three strategies can be used as extra ammunition for the life insurance companies to compete in the bancassurance business.

scholarly journals How to Recognize Revenues from Gross Written Premium: Some Evidence from Insurance Companies Operating in Cee Markets

2014 ◽  
Vol 2 (2) ◽  
pp. 39-44
Author(s):  
Jiřina Bokšová ◽  
Jiří Strouhal
Keyword(s):  
Statistical Data ◽  
Precise Definition ◽  
European Countries ◽  
Insurance Companies ◽  
Eastern European ◽  
Payment Method ◽  
Accounting Period ◽  
Eastern European Countries ◽  
Definition Of

ABSTRACT The research objective of this paper is to compare the current approaches in reporting of gross written premium in selected Central and Eastern European countries. Under current Czech regulations, the gross written premium in majority of Czech insurance companies is charged under the payment method set in the contract (i.e. annually, quarterly, monthly, etc.), however revenues from gross written premium for the accounting period are always shown in the proper amount. Our research confirmed that presented information about gross written premium in various jurisdictions is based on different methodologies and proved that for the comparability of data and for their information capability there is crucial to develop a precise definition of gross written premium; only in such case there would be possible to ensure the credibility of statistical data. Using these incomparable data may lead in many cases to misleading conclusions when evaluating the level of insurance in various countries and regions.

scholarly journals How to recognize revenues from gross written premium: some evidence from insurance companies operating in CEE markets.

2014 ◽  
Vol 2 (2) ◽  
Author(s):  
Jiřina Bokšová ◽  
Jiří Strouhal
Keyword(s):  
Statistical Data ◽  
Precise Definition ◽  
European Countries ◽  
Insurance Companies ◽  
Eastern European ◽  
Payment Method ◽  
Accounting Period ◽  
Eastern European Countries ◽  
Definition Of

The research objective of this paper is to compare the current approaches in reporting of gross written premium in selected Central and Eastern European countries. Under current Czech regulations, the gross written premium in majority of Czech insurance companies is charged under the payment method set in the contract (i.e. annually, quarterly, monthly, etc.), however revenues from gross written premium for the accounting period are always shown in the proper amount. Our research confirmed that presented information about gross written premium in various jurisdictions is based on different methodologies and proved that for the comparability of data and for their information capability there is crucial to develop a precise definition of gross written premium; only in such case there would be possible to ensure the credibility of statistical data. Using these incomparable data may lead in many cases to misleading conclusions when evaluating the level of insurance in various countries and regions.

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