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Reality and expectations of old-age pension savings in the pension system of the Slovak Republic

Sika, Peter; Vidová, Jarmila - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 4, pp. 411-436

The aim of the authors is to provide a critical statistical-analytical view of the current pension system of the Slovak Republic with special regard to old -age pension savings in its fifteen-year existence, resulting in proposals for adjustments to its operation. It includes an analysis of the...

Persistent link: https://www.econbiz.de/10012817892

Did the 1918–19 Influenza Pandemic Kill the US Life Insurance Industry?

Cortes, Gustavo - 2020

We document two puzzling facts during the 1918–19 influenza outbreak. First, we find no significant differences among US life insurers' profitability before or after 1918. Second, there are fewer insurers in distress after the outbreak. We argue that an increase in insurance demand offset...

Persistent link: https://www.econbiz.de/10012822609

Adverse Selection in Insurance Markets : On-Demand Contracts As a Screening Device

Braun, Alexander - 2020

welfare. Our theoretical predictions are supported by additional experimental evidence …

Persistent link: https://www.econbiz.de/10012822927

Catastrophe Insurance and Solvency Regulation

Goussebaïle, Arnaud - 2020

This paper provides a welfare analysis of solvency regulation for catastrophe insurance. We consider an economy with … numerical application to analyze the welfare benefits of different default rates for a wide range of risk lines, risk … correlations, and ratios of insureds to insurer's shareholders. While allowing a small probability of default yields some welfare …

Persistent link: https://www.econbiz.de/10012824092

ICT as a re-engineering strategy on claim settlement in some selected insurance companies In Nigeria : the pandemic experience

Frances, Madu; Ejikeme, Isichei; Onodugo, Vincent - In: International journal of business and economic sciences … 14 (2021) 3, pp. 88-97

Purpose: This study addresses the effect of ICT on the relationship between re-engineering and the performance of some selected insurance companies in Nigeria. It emphasizes the need to ensure that insurance companies achieve substantial improvement in performance via viable IT infrastructure to...

Persistent link: https://www.econbiz.de/10012801985

Risk factors affecting bancassurance development in Poland

Sliwinski, Adam; Dropia, Joanna; Duczkowski, Norbert - In: Risks : open access journal 9 (2021) 7, pp. 1-19

The aim of the article is to identify the risk factors affecting bancassurance development in Poland. The development is understood here as a change of gross written premiums obtained through banks in Poland. The group of risk factors selected in a survey conducted among financial sector...

Persistent link: https://www.econbiz.de/10012598986

Preferences for Deferred Annuities in the Japanese Retirement Market

Kitamura, Tomoki; Nakashima, Kunio - 2021

PurposeDeferred annuities, which offer longevity insurance with relatively low premiums, are a potential payout option in defined contribution (DC) pension plans in Japan. This study aims to measure individual preferences for these annuities.Design/methodology/approachThis study conducts stated...

Persistent link: https://www.econbiz.de/10013223206

Inter-Cohort Risk Sharing with Long-Term Guarantees : Evidence from German Participating Contracts

Hombert, Johan; Möhlmann, Axel; Weiß, Matthias - 2021

Long-term minimum return guarantees sold by European life insurers increasingly become binding as interest rates decline. While participating contracts embedding these guarantees are designed to share market risk across investor cohorts when guarantees are not binding, we study how binding...

Persistent link: https://www.econbiz.de/10013232134

Viaticals in the COVID-19 Pandemic Era

Ghosh, Syamal; Stowe, John D. - 2021

Viaticals are life insurance settlement contracts where the investor purchases a life insurance policy from a terminally ill policyholder. In these cases, the present value of the policyholder’s cash flows is substantially above the cash surrender value and below the face value of the policy....

Persistent link: https://www.econbiz.de/10013240798

Refundable Income Annuities : Feasibility of Money-Back Guarantees

Milevsky, Moshe A.; Salisbury, T. S. - 2021

[Refundable income annuities (IA), such as cash-refund and instalment-refund, differ in material ways from the life-only version beloved by pension and financial economists. In addition to lifetime income they also guarantee the annuitant or beneficiary will receive their money back albeit...

Persistent link: https://www.econbiz.de/10013211232