Xem 1-20 trên 186 kết quả Insurance risk
  • In January 2001 the Basel Committee on Banking Supervision has issued a consultative paper on the New Basel Capital Accord, that, once finalized, will replace the current Basel Accord from 1988 (Basel Committee 2001a). After an intensive consultation period with the banking industry and several modifications, the Basel Committee has outlined the future regulation of credit risks in the socalled third consultative paper that will be the basis for the final Basel II Accord. The proposed regulatory framework is based on three – mutually reinforcing – pillars...

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  • “Risk concentrations are arguably the single most important cause of major problems in banks”.1 On the one hand, dealing with concentration risk is important for the survival of individual banks; therefore, banks should be interested in a proper management of risk concentrations on their own. On the other hand, the Basel Committee on Banking Supervision (BCBS) has found that nine out of the thirteen analyzed banking crises were affected by risk concentrations,2 which shows that this issue is important for the stability of the whole banking system.

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  • Vice President/Publisher Associate Publisher Associate Editor Senior Production Editor Executive Marketing Manager Creative Director Senior Designer Production Management Services Editorial Assistant Senior Media Editor Cover Photo Cover Design Bicentennial Logo Design Don Fowley Judith Joseph Brian Kamins Valerie A. Vargas Amy Scholz Harry Nolan Kevin Murphy Aptara, Corp. Sarah Vernon Allison Morris c Brian Baley/Getty Images, Inc. David Levy Richard J. Pacifico This book was set in 10/12 Cheltenham Light by Aptara, Corp. and printed and bound by R. R. Donnelley & Sons, Inc.

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  • Financial and insurance markets always operate under various types of uncertainties that can affect nancial positions of companies and individuals. In nancial and insurance theories these uncertainties are usually referred to as risks. Given certain states of the market, and the economy in general, one can talk about risk exposure. Any economic activities of individuals, companies and public establishments aiming for wealth accumulation assume studying risk exposure. The sequence of the corresponding actions over some period of time forms the process of risk management.

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  • Over the past decades, investors, regulators, and industry self-regulatory bodies have forced banks, other financial institutions, and insurance companies to develop organizational structures and processes for the management of credit, market, and operational risk. Risk management became a hot topic for many institutions, as a means of increasing shareholder value and demonstrating the willingness and capability of top management to handle this issue.

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  • In everyday life we are often forced to make decisions involving risks and perceived opportunities. The consequences of our decisions are affected by the outcomes of random variables that are to various degrees beyond our control. Such decision problems arise, for instance, in financial and insurance markets.

    pdf350p namde02 08-03-2013 33 18   Download

  • The basis of all business is buying and selling goods or services or a combination of the two. The word product is these days used for both goods and services. A television is a product and a particular type of insurance scheme may be described by the provider as a product. For the purposes of this Report the word product will be used in the former sense. Products are designed and produced and sold to customers as end items in themselves.

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  • Over the past decades, investors, regulators, and industry self-regulatory bodies have forced banks, other financial institutions, and insurance companies to develop organizational structures and processes for the management of credit, market, and operational risk. Risk management became a hot topic for many institutions, as a means of increasing shareholder value and demonstrating the willingness and capability of top management to handle this issue.

    pdf578p transang4 01-10-2012 34 10   Download

  • In conducting their operations, farmers are exposed to financial losses because of production risks—droughts, floods, and other natural disasters—as well as price risks. The federal government has played an active role in helping to mitigate the effects of these risks on farm income by promoting the use of crop insurance. RMA has overall responsibility for administering the federal crop insurance program, including controlling costs and protecting against fraud, waste, and abuse.

    pdf50p thangbienthai 27-11-2012 34 8   Download

  • One finds that there is a positive correlation between a country’s level of development and insurance coverage. Developed countries tend to have better developed and well- functioning insurance services sectors both domestically and in terms of insurance exports, as compared to developing countries. This is perhaps most evident when one compares the share of industrialized countries in the world insurance markets, which in 2004 stood at 88.5 per cent as compared with 11.4 per cent for emerging markets, the majority of which are developing countries.

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  • In this vein UNCTADs contribution will continue to focus on: the benefits and challenges arising from international trade in insurance services, regulatory challenges arising from domestic implementation as well as in relation to the GATS, measures to overcome supply side constraints and build domestic capacity in the insurance sector, the role of the Government both as a regulator and a provider of insurance services, likely impacts of emerging global and technological trends in the insurance sector and in relation to the GATS assisting developing countries in their ongoing and evolv...

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  • The insurance sector is an infrastructural pillar of the financial services sector and the economy as a whole. It plays a key role in economic development. Several empirical studies suggest a strong correlation between the development of financial intermediaries and economic growth. According to Patrick (1966) 3 there are two, possibly coexisting, relationships between the financial sector and economic growth.

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  • Over the next 10 years, federal spending on crop insurance is projected to outpace spending on traditional commodity programs by about one-third, which might capture the attention of budget cutters looking for potential sources of savings. Insurance companies, farm groups, and some members of Congress are concerned that additional reductions in federal support will negatively impact the financial health of the crop insurance industry and possibly jeopardize the delivery of crop insurance.

    pdf28p quaivatxanh 29-11-2012 26 6   Download

  • The level of insurance risk may vary during the period of the insurance contract. For example, in a pure endowment policy the insurance risk reduces as the value of the investment increases. Also, in a deferred annuity contract there may be no insurance risk during the savings phase but there is significant insurance risk during the annuity phase. In assessing the significance of insurance risk at the inception of the contract the effect of discounting on the expected cash flows may be significant.

    pdf30p bin_pham 06-02-2013 15 6   Download

  • We are all aware of the essential role that insurance services play as a commercial and infrastructural service. From an infrastructural perspective it promotes financial and social stability, mobilizes and channel savings, supports trade, commerce and entrepreneurial activity and improves the quality of the lives of individuals. In a fast-globalizing world economy, Governments the world over are faced with challenges relating to the regulatory environment, emerging global trends in the insurance sector, technological innovations and liberalization of the insurance sector.

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  • This means that services which could potentially fall within the remit of both insurance schemes tend to be shifted to the LTC insurance because this is much cheaper. Secondly, although the revenues and costs of all the German health funds are equalized to take account of their respective member structures (age, gender) (Strukturausgleich), this is not the case for the revenues and costs of the LTC funds. This leads to a high disincentive for the LTC funds to minimize their costs.

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  • This paper describes basic characteristics of major production units from a pulp and paper manufacturing plant, focusing on major aspects of risk exposure experienced during construction and operation. Different types of pulp and paper manufacturing processes are presented with particular consideration of risks pertaining to the production stage and pertaining to new technology. Turbines and gas turbines are not handled in this paper due to the fact that these have been presented in earlier IMIA papers. The last chapter is dedicated to some interesting cases of loss.

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  • You may be asked to choose between a “tax-qualified” long-term care insurance policy and one that is “non-tax-qualified.” There are important differences between the two types of policies. These differences were created by the Health Insurance Portability and Accountability Act (HIPAA). A federally tax-qualified long-term care insurance policy, or a qualified policy, offers certain federal income tax advantages. If you have a qualified long-term care policy and you itemize your deductions, you may be able to deduct part or all of the premium you pay for the policy.

    pdf55p thangbienthai 23-11-2012 18 4   Download

  • Firms obviously choose to insure risk-averse workers when the premium is fair. They may choose to do so even if the premium is slightly higher than the expected cost. Nevertheless, if a firm’s expected health cost is significantly lower than the premium, it may choose not to offer insurance to workers. As we have just observed, small firms have higher variances in health costs. Hence, relative to large firms, more small firms will have expected costs that are significantly below the offered premium, and they choose not to offer insurance to workers.

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  • The Netherlands may be an extreme case, both in terms of observed retirement patterns as well as in terms of the characteristics of the institutional setting. Since the mid-seventies Labour force participation rates of elderly males (55 years and older) have dropped about 50% points to a current level of less 30%. Employer provided Early Retirement (ER) schemes allow for retirement at the age of 60, or sometimes even earlier 2 . In addition to these schemes there are Unemployment Insurance schemes (UB) and Disibality Insurance schemes (DI) to protect...

    pdf6p taisaokhongthedung 01-01-2013 26 4   Download

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