The goals of this paper are twofold: we describe common features in data sets from motor vehicle insurance companies and we investigate a general strategy which exploits the knowledge of such features. The results of the strategy are a basis to develop insurance tariffs. The strategy is applied to a data set from motor vehicle insurance companies. We use a nonparametric approach based on a comb...

Today's information technology (IT) sourcing endeavors have moved beyond outsourcing through the implementation of multisourcing. Multisourcing can be defined as the blending of services from multiple company-internal and companyexternal suppliers. The increasing importance of multisourcing is acknowledged by both practitioners and researchers. However, multisourcing has not been sufficiently c...

The study examined interest of farmers and insurance companies in farm insurance. The sample consisted of 110 respondents; 100 farmers and 10 insurance companies. The Probit model was used to analyse the effect of factors affecting the willingness of cocoa farmers to accept farm insurance. All of the respondents had ever heard of one or more types of insurance whiles 32% had knowledge of farm i...

The paper overviews the application of existing actuarial techniques to operational risk. It considers how, working in conjunction with other experts, actuaries can develop a new framework to monitor/review, establish context, identify, understand and decide what to do in terms of the management and mitigation of operational risk. It suggests categorisations of risk to help analyses and propose...

The insurance sector, notably the monoline insurers and A.I.G., played a crucial role during the boom of 2004-2007 by guaranteeing a variety of credit risks using both insurance policies and significantly substitutable credit derivatives. These guarantees yielded huge losses and liquidity requirements for these insurers when the guaranteed assets declined in value. The large losses recorded by ...

sometimes the losses in insurance companies are so considerable that even the total sum of capitals and reserves of the company are not enough to compensate them. that's why the reinsurance companies were established. as reinsurance is necessary for survival of the insurance companies at unexpected losses, the retakaful operation is vital for takaful companies which perform the insurance o...

This article shows how many health insurance companies operating in the Greater São Paulo have been performing auditing of the quality of their health care services, professionals, and which criteria are being employed to do so. Because of the legislation decreeing that health insurance companies have legal co-responsibility for the health care services and National Health Agency control the he...

In life insurance medicine the mortality of the applicants with in the period of insurance is assessed on the basis of present risk factors or diseases. Unlike hypertension or overweight, where risk assessment of the medical values is possible directly, the risk assessment of diabetes is a complex problem. If a person is diabetic then to find out the mortality of insurer for life insurance medi...

On the other hand, insurance companies could lead the way and encourage noninvasive testing by negotiating with laboratories for lower costs. This could be a win-win situation. Patients would appreciate the noninvasive testing, physicians would do more screening, and the insurance companies wouldn’t lose money on noninvasive testing. Therefore, STD rates would decline and the public health woul...

The main objective of this study is to find out if organizational characteristics intervene in the relationship between CRM and organizational performance in the Nigerian insurance industry. Relevant literature was reviewed and a model consisting of fourteen variables was conceptualized and tested by means of empirical data collected through a questionnaire. A total of one hundred and eighty (1...