Insurance is defined as a cooperative device to spread the loss caused by particular risk over number of persons who are exposed it and agree ensure themselves against that risk. The scenario whole changing life insurance increasingly being considered 'an investment option' investors companies. objective study evaluate an option post privatization also shift in people's preferences from other c...

We study the connection between banking crises and non-life insurance consumption in 139 countries from 1988 to 2010. After controlling for output, we find a negative excess decline in non-life insurance consumption after the occurrence of a banking crisis only in countries heavily depending on bank credit. The primary contributing factor is motor insurance which loses 113% of the annual premiu...

In old accounting tradition, non-life insurance companies have estimated nominal claims reserves for their outstanding loss liabilities. The new Solvency II developments require from non-life insurance companies that they go over to a market-consistent valuation of their insurance liabilities (full balance sheet approach) and that they prove solvency on a yearly basis. As a consequence non-life...

Xiang Jiang, Jian Ni Guangxi Medical and Pharmaceutical College, Nanning 530021, China Tel: 86-771-2853-644 E-mail: [email protected] Weiqi Wu Guangxi Industrial Vocational Technical College, Nanning 530001, China Tel: 86-771-3851-662 E-mail: [email protected] Abstract According to the uncertainty of insurance accident, in this article, we introduce the importance of insurance and the application o...

In this paper, we provide micro-econometric evidence on the determinants of life insurance demand in China, the largest emerging market in the world. We employ the China Household Income Project (CHIP) dataset for the year 2002 in the analysis. The timing is ideal, because of the nature of the less well developed capital markets and social security systems in China in 2002, which sets a suitabl...

Under current Australian regulation, life insurance companies can require applicants to disclose all genetic test results, including results from research or direct-to-consumer tests. Life insurers can then use this genetic information in underwriting and policy decisions for mutually rated products, including life, permanent disability, and total income protection insurance. Over the past deca...