In India, one of the fastest growing industries in the service sector is, insurance. After open up of sector, IRDA has given approval to variety of channels, with the intention of increasing penetration and density in insurance sector. Present study is to compare the effectiveness of two major...

Using a large and comprehensive dataset of 9,002 life insurance policies with aggregate death benefit of $24.14 billion purchased from their original owners between 2001 and 2011, we compute the expected return on individual policies. We find that the primary determinant of the expected return...

This paper provides cross-country evidence on the association between soundness and competition in the life insurance industry, where competition is measured by the Boone indicator. We analyze 10 European Union (EU) life insurance markets over the post-deregulation period 1999–2011. The...

Purpose: Insurance companies earn their profits through underwriting of premium from various policies and investing in various securities. If, premiums collected will not be adequate to cover the cost of coverage, insurance companies will confront underwriting loss. The purpose of this paper is...

We investigate whether financial contract terms alter individuals’ risk-taking behavior under a moral hazard framework. Exploiting (a) the contractual-level data of automobile insurance, and (b) a unique institutional reform that gives more pricing freedom to insurers, we discover a...

We study the effect of the life settlement market on the structure of long term contracts offered by the primary market for life insurance, as well as the effect on consumer welfare, using a dynamic model of life insurance with one sided commitment and bequest-driven lapsation. We show that the...

The paper highlights the life insurance risks such as mortality, lapses, and expenses. The paper explains these risks, discusses their measures and mitigation action. The paper also discusses the worse mortality experience due to COVID 19 during FY 2020-21 and FY 2021-22 assessed from...

Until its liberalisation in 1994 exclusive agents dominated the distribution of products in the German life insurance industry. Since then, their importance has been declining for the benefit of both distribution via direct distribution channel and independent agents. However, the market shares...

The German insurance market was liberalized in 1994 by the introduction of the "single passport" allowing European insurers to operate throughout the entire European Union. The European directive put also an end to price and insurance contract terms regulation. These measures were meant for...

In this study, we focused on analysing and differentiating the determinants of conventional insurance and Takāful demand across ASEAN and Middle East Regions. We used panel data econometrics on a sample of 14 Asian countries having both conventional insurance and Takāful over the period...