In recent years the insurance industry has been subject to a deeply structural change. The deregulation of markets in … Europe and the globalization of insurance markets let to an intense competition with shrinking gross revenue and benefits …. This change led to changes in the management of assets and liabilities of insurance companies. This new era of risk …

We examine how long-term life insurance contracts can be designed to incorporate uncertain future bequest needs. An … individual who buys a life insurance contract early in life is often uncertain about the future financial needs of his or her …. We derive two equivalent long-term life insurance contracts that are incentive compatible and achieve a higher welfare …

kt in the Lee-Carter model, we assess the impact of macroeconomic fluctuations on the solvency of a life insurance …

Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is … scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance … the demand for life insurance reacted strongly to this change. With regard to bequest motives, we analyze the demand for …

Compact tariffs are not only used in pension insurance, but also in life insurance. However, in many cases it is … necessary to have separate views on those tariffs, since policy management systems developed for life insurance companies are … particulars relevant for life insurance and important aspects with regard to accounting are explained. Finally, an algorithm is …

This paper examines the relationship between insurance and economic growth in 20 countries for the period 2006 …-2015. Insurance activity is measured through three distinctive proxies such as net written premiums, penetration and density. The … significant relationship between life insurance, measured through net written premiums and density, and economic growth for …

India's insurance sector has been growing dynamically in the last couple of years. Despite the suite of reforms that … have been implemented to stoke the sector's growth, it still has a long way to go, as its share in the global insurance … market remains abysmally low. In this paper, we analyse the Indian insurance sector and trace its evolution and growth. We …

Global diversification of financial institutions, including the insurance sector, has proven beneficial to many … distribution channels. This paper aims to critically evaluate the liberalisation process of India's insurance sector and the impact … it has had on the sector, both life and non-life segments. As India is in the process of opening its insurance sector to …

subject of insurance companies is to provide insurance protection based on commercial principles. All changes in the society … are directly reflected in the insurance activity. New risks appear and therefore new insurance products appear as well …. Insurance activities are divided into non-life insurance, life insurance, and in recent years increase also a share of life unit …

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …