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variables directly related to the insurance product (e.g., a regulatory restriction of insurance acquisition costs) as well as … importance of insurance distribution in banks. Significant risk factors (statistically significant) which determine gross … cooperation between banks and insurers as well as the specificity of insurance products distribution (also local) in the …
Persistent link: https://www.econbiz.de/10012598986
In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of … documented in real insurance markets. …
Persistent link: https://www.econbiz.de/10011867426
The use of personalization mechanisms should allow the insurance distributor to reduce exploration costs and adjust the … offered insurance product to the needs, features, and situation of each individual client. This study seeks to examine how … liability should be allocated when the process of the personalization of an insurance product does not result in the client …
Persistent link: https://www.econbiz.de/10012508803
on the business insurance market in the medium- and long-term horizon. The first section of this elaboration presents the … measurement rules and the third describes the potential effects of COVID-19 on the insurance market. Contrary to other … in relation to the insurance company client, e.g., change in the amount of the insurance premium under the insurance …
Persistent link: https://www.econbiz.de/10013358888
guarantor of financial insurance. The goal of this study is the formation of a process approach in enterprise management … structuring the knowledge gained in a form that is convenient for use. We used the method of qualitative modelling using the …
Persistent link: https://www.econbiz.de/10013359055
risks and profitability in Russian insurance companies in the context of digitalization. Structurally, the study consisted … of a comprehensive analysis of the insurance market in the Russian Federation, as well as an identification of the … components of the risk management process of insurance companies in the context of digitalization. Documents containing key …
Persistent link: https://www.econbiz.de/10014228830
In the automotive industry, it is important to know whether the failure of some car parts may be related to the failure of others. This project studies warranty claims for five engine components obtained from a major car manufacturer with the purpose of modeling the joint distributions of the...
Persistent link: https://www.econbiz.de/10012292906
An essential input of annuity pricing is the future retiree mortality. From observed age-specific mortality data, modeling and forecasting can take place in two routes. On the one hand, we can first truncate the available data to retiree ages and then produce mortality forecasts based on a...
Persistent link: https://www.econbiz.de/10012293122
valuation of insurance plans providing healthcare and death benefits. The core of our approach relies on a deterministic model …
Persistent link: https://www.econbiz.de/10012422887
We focus on two particular aspects of model risk: the inability of a chosen model to fit observed market prices at a given point in time (calibration error) and the model risk due to the recalibration of model parameters (in contradiction to the model assumptions). In this context, we use...
Persistent link: https://www.econbiz.de/10012422987