Insurance Companies Research Articles

The Impact of Financial Risk on Insurance Company Performance with Hedge Accounting as a Moderating Variable

The public's confidence in insurance companies has been damaged by state-owned insurance companies' inability to pay claims. The purpose of this research is to investigate how financial risk affects business performance and how hedge accounting mitigates that influence. This study uses a quantitative approach. The analysis makes use of secondary data from 2019 to 2022 from insurance firms' annual reports. Both moderated regression analysis (MRA) and multiple linear regression analysis are used in this investigation. The findings show that return on assets (ROA) is significantly and negatively impacted by credit risk. Return on assets is unaffected by market, insurance, liquidity, and operational risks. The MRA analysis demonstrates how hedge accounting can increase the impact of risk associated with credit and insurance returns on assets. Hedge accounting, however, has no effect on how much market, operational, and liquidity risk affect return on assets.

Assessing the Factors Causing Delay by Insurance Companies to Pay Claims to Customers: A case of selected Insurance Companies, and Pensions and Insurance Authority (PIA)

Assessing the Factors Causing Delay by Insurance Companies to Pay Claims to Customers: A case of selected Insurance Companies, and Pensions and Insurance Authority (PIA)

A study based on the impact of extreme weather on the insurance industry

A study based on the impact of extreme weather on the insurance industry

Research on Insurance Company Underwriting Decisions based on Breakeven Analysis Multi-Objective Planning Model

Research on Insurance Company Underwriting Decisions based on Breakeven Analysis Multi-Objective Planning Model

Research on Insurance Industry Based on AR3 Multi Risk Model

Research on Insurance Industry Based on AR3 Multi Risk Model

Individual’s Choice on Buying Life Insurance Products in Nepal

This study examines the factors influencing individual’s choice on buying life insurance products in Nepal. An individual’s choice on buying life insurance policy is selected as the dependent variable. The independent variables are company loyalty, premium charge, agent, claim settlement and company image. The primary source of data is used to assess the opinions of the respondents regarding individual’s choice on buying insurance products in Nepal. The study is based on primary data with 151 respondents. To achieve the purpose of the study, structured questionnaires is prepared. The correlation coefficients and regression models are estimated to test the significance and importance of different factors driving individual’s choice on buying life insurance products in Nepal. The study showed that company loyalty has a positive impact on individual’s choice on buying life insurance policy. It indicates that company’s loyalty towards consumer stimulates the individual’s choice on buying insurance products in Nepal. Similarly, premium charge has a positive impact on individual’s choice on buying life insurance products. It indicates that fair premium charge stimulates the individual choice. Similarly, agent of the respective company has a positive impact on individual’s choice on buying life insurance products. It indicates that the behaviour and knowledge of agents impulse individuals’ choice on buying life insurance products. The study also showed that claim settlement has a positive impact on individual’s choice. It indicates that proper claim settlement process stimulates the individuals’ choice on buying life insurance products. Furthermore, company image has a positive impact on individual’s choice on buying life insurance policy. It indicates that good company image stimulates individual’s choice on buying life insurance products in Nepal.

Effect of Corporate Governance on Dividend Policy of Nepalese Insurance Companies

This study investigates the effect of corporate governance on dividend policy of Nepalese insurance companies. Dividend payout ratio and dividend per share are the dependent variables. Similarly, board size, female directors, number of independent directors, operating expenses and total asset are selected as independent variables. The study is based on secondary data of 15 Nepalese insurance companies with 102 observations for the period from 2013/14 to 2021/22. The data were collected from the annual reports of respective insurance companies. The correlation coefficients and regression models are estimated to test the significant and importance of different corporate governance variables on the dividend policy of Nepalese insurance companies. This study shows that the board size has a positive impact on dividend payout ratio and dividend per share. It indicates that increase in the number of board members leads to increase in dividend payout ratio and dividend per share in Nepalese insurance companies. Likewise, female director has a positive impact on dividend payout ratio and dividend per share. This implies that higher the number of female directors in the board of a company, higher would be the dividend payout ratio and dividend per share. Similarly, the number of independent directors has a positive impact on dividend payout ratio and dividend per share. It means that the increase in number of independent directors leads to increase in dividend payout ratio and dividend per share. Moreover, operating expenses has a positive impact on dividend payout ratio and dividend per share. This indicates that higher the operating expense ratio, higher would be the dividend payout ratio and dividend per share. In addition, total assets have a positive impact on dividend payout ratio and dividend per share. It indicates that increase in the total assets leads to increase in dividend payout ratio and dividend per share in Nepalese insurance companies.

Grayson Insurance Cybersecurity Strategic Plan Part 1

Grayson Insurance, as the name suggests, is an insurance company, which operates in the U.S and all across Europe. In recent weeks, we conducted an assessment on some of the cybersecurity policies that affect our company, including the Federal Information Security Management Act (FISMA) and the General Data Protection Regulation (GDPR). This was followed by conducting a risk assessment on some of the most important information assets that Grayson Insurance uses, including customer data, employee information, patient medical records, and company information. Some of the vulnerabilities that were uncovered from the assessment include phishing attacks, insider threats, data breaches through cyberattacks, and intellectual property theft. The next step is to come up with a Strategic Cybersecurity Plan that is aligned with Grayson Insurance’s business and IT priorities.

Determinants of Livestock Insurance Adoption by Dairy Cattle Farmers of Nawalpur District, Nepal

Livestock farming faces inherent vulnerabilities, such as disease outbreaks and natural disasters. The utilization of livestock insurance can play a crucial role in alleviating risks and uncertainties associated with farming practices, ultimately fostering security for farmers. The research was carried out purposively in Nawalpur district during 2022 to identify the factors affecting adoption of livestock insurance among dairy cattle farmers. One hundred and twenty dairy cattle farmers were selected randomly from the study area. Primary data were collected using pretested semi-structured interview schedule, Focus Group Discussion and Key Informant Interview. Descriptive statistics and probit model were used to interpret the findings. Findings from the research revealed that age, membership in farmer’s organization, contact with extension worker and rearing of improved breed were statistically significant in the adoption of livestock insurance. Extension agencies of government, non-governmental institution and insurance companies should primarily focus on farmers who are old aged, rear improved breed, participate in farmer’s organization and have regular contact with extension worker for better adoption.

Administrative Analysis of the Home-Based Older Persons Upstreaming Prevention Physical Therapy Program: A Pilot Observational Study.

Introduction Traditionally, physical therapist (PT) services do not commence until an injury, fall, or health issue has already occurred although there is increasing evidence that preventative programs administered by PTs may decrease the fall risk among elderly individuals.The purpose of this study was to examine billing, reimbursement, and administrative outcomes of the previously established and investigated prevention-based screening and intervention HOP-UP-PT (Home-based Older Persons Upstreaming Prevention-Physical Therapy) program delivered by a physical therapist in the home of older adults after being referred by a community partner. A randomized controlled trial of the HOP-UP-PT program demonstrated an 8-fold reduction in falls for participants at moderate and high fall risk compared to those who did not participate in the program. Methods Aprospective observational study was performed to examine administrative and payment outcomes of HOP-UP-PT participation. Participants were referred into the HOP-UP-PT program via a local community center. Physician authorization for physical therapy participation was obtained for each participant as required for payment under United States' Center for Medicare and Medicaid Services (CMS)guidelines. The HOP-UP-PT program is preventative physical therapy delivered in the person's home with five in person visits (approximately one per month) followed by a monthly telehealth visit and a final in-person visit.Interventions included a balance program, home safety recommendations, health coaching, and addressing individual risks of falling or becoming homebound. A retrospective analysis was performed on the administrative andinsurance payment data from this study which was then analyzed descriptively. Results Six participants with four different insurances completed the 7-month program (mean age=77 years) in 2021. The physical therapy visits were submitted to the participants' Medicare Part B plan. One participant's physical therapy visits were not submitted for payment as the health system did not have an active agreement with that health insurer. Due to the unclear status of telehealth visits in 2021, these services were not submitted to the insurance company for payment.All other PT visits were paid by the insurance companies. The mean amount paid for the initial evaluation code was $102.83 and the mean payment for the ~15 minute treatment codes was $25.90 per unit. Initial pilot data demonstrated a potential for a4.2% positive operating margin when considering salary costs and travel.The mean delay from the initial referral into the HOP-UP-PT program until the physician provided written authorization for physical therapy was 69.7 days. Conclusion This study demonstrated initial evidence that payment for prevention-focused outpatient physical therapist services delivered in the home was feasible, however delays and costsin procuring physician authorization was a substantial barrier to prevention-focused physical therapy. A 4.2% operating margin demonstrated that, when efficiently operated, similar programs are likely to be viable. Furthermore, if telehealth services would have been paid, the operating margin was estimated to increase to 32%. Physical therapists are highly qualified to deliver efficient, effective preventative services which has the potential to reduce falls and institutionalization and subsequent healthcare cost savings.

ANALISIS PERBANDINGAN KINERJA KEUANGAN PERUSAHAAN ASURANSI KONVENSIONAL DAN ASURANSI SYARIAH YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2022

This study aimed to compare the financial performance of Takaful and Conventional listed on the stock exchanges in Indonesia. Year study period 2020-2022 using Common Size and Trends Index Numbers. The method applied in this study was quantitavie method. The samples of this study were 6 insurance companies in 2020-2022 and selected using purposive sampling technique. The types of data used on this study was secondary data. The method of data collection was company financial report and the technique of descriptive analysis. hypothesis testing using the "Independent Sample t-Test" to see the difference in financial performance Takaful and conventional insurance as a whole. The test results showed that there was no significant difference between the financial performance of Takaful and conventional insurance. However, if viewed from the mean (average) of various methods used during the 2020-2022 overall Takaful and conventional insurance alike.

How US Insurance Companies Limit and Deny Payments for Mental Health Services

How US Insurance Companies Limit and Deny Payments for Mental Health Services

Impact of workforce diversity on organizational performance of Nepalese insurance companies

This study examines the impact of workforce diversity on the organizational performance of Nepalese insurance companies. Organizational performance is the dependent variable. The selected independent variables are age diversity, cultural diversity, education diversity, experience diversity, gender diversity and marital diversity. The primary source of data is used to assess the opinions of respondents regarding workforce diversity in Nepalese insurance companies. The study is based on primary data with 125 respondents. To achieve the purpose of the study, structured questionnaire is prepared. The correlation coefficients and multiple regression models are estimated to test the significance and importance of workforce diversity on the organizational performance in Nepalese insurance companies. The study showed that age diversity has a positive impact on organizational performance. It indicates that age diversity in the workforce leads to increase in organizational performance. The result also revealed that education diversity has a positive impact on organizational performance. It indicates that education diversity in the organization leads to increase in organizational performance. Similarly, experience diversity has a positive impact on organizational performance. It indicates that experience diversity among the employees leads to an increase in organizational performance. Likewise, gender diversity has a positive impact on organizational performance. It indicates that the diverse gender in the organization leads to increase in organizational performance. Further, cultural diversity has a positive impact on organizational performance. It implies that workforce of diverse cultural background leads to increase in organizational performance. Moreover, martial diversity has a positive impact on organizational performance. It reveals that diverse marital status in the workforce leads to an increase organizational performance of Nepalese insurance companies. The regression also showed that the beta coefficients are positive for age diversity, cultural diversity, education diversity, experience diversity, gender diversity and marital diversity and are significant for all the independent variables at one percent level of significance.

Quantitative Assessment of Market Conditions and Marketing Strategies in the Financial Products Sector: A Case Study of XX Insurance Company, Beijing

The financial products sector in China has undergone significant transformation, driven by economic reforms, technological advancements, and evolving consumer preferences. This study provides a quantitative assessment of market conditions and marketing strategies within this sector, with a specific focus on XX Insurance Company, Beijing. Utilizing a cross-sectional survey of 200 respondents in Beijing, the research examines key factors influencing market dynamics, evaluates the effectiveness of XX Insurance Company’s marketing strategies, and identifies the main drivers of consumer behavior. The findings reveal a generally favorable market environment, with economic growth, regulatory changes, and competitive dynamics as primary influencers. Notably, product features, competitive pricing, strong brand reputation, and excellent customer service emerged as significant factors affecting consumer decisions. The study highlights the importance of digital presence, customer service, and innovative product offerings in enhancing marketing effectiveness. Based on the insights gained, several recommendations are proposed to optimize the company’s marketing strategies and improve its market positioning. This research contributes valuable knowledge to both the academic community and industry practitioners, offering practical guidance for navigating the competitive landscape of China's insurance market.

Does Robotic Assisted Technique Improve Patient Utility in Total Knee Arthroplasty? A Comparative Retrospective Cohort Study.

Even if robotic assisted total knee arthroplasty (RATKA) is a widely used technique, there is still a gap of knowledge about whether this technology is effective in improving the patient utility. This measure is of paramount importance for conducting cost effectiveness analysis. The aim of this study was to compare the utility measure derived from self-reported outcomes questionnaires in patients who underwent RATKA compared to patients who underwent the manual surgery. We compared 72 patients operated with a robotic technique with 70 operated with traditional technique. The utility data were collected with the WOMAC (Western Ontario and McMaster University Osteoarthritis index) self-administrated questionnaire that investigates pain, stiffness and functionality of the patients, an then mapped to a utility value through a validated transforming function. We performed three surveys: the first one before the intervention (t0), the second one 1 year after the surgery (t1) and the third one at the 2 year follow up (t2). we observed higher utility values in both groups. In detail, the mean utility score in the RATKA group increased from 0.37 to 0.71 (t1) and 0.78 (t2), while in the conventional group it increased from 0.41 to 0.78 (t1) and 0.78 (t2). The fixed effect coefficients of t1 and t2 were found to be 0.37 and 0.363 (p < 0.001 for both). The coefficient of the robotic technique, along with its interaction with the t1 and t2 time effect was non-significant. Even if at t1 the utility of patient who underwent RATKA were lower, at longer follow up (t2) we found no significant difference compared to traditional technique, leaving the superiority of robotic assisted technique yet to be proved. Our results may be useful for calculating the gained or lost Quality Adjusted Life Years (QALYs), so that the health care system (or an insurance company) could make an appropriate decision whether to fund the robotic approach or not, after a careful assessment of the incremental costs incurred.

Foreign experience of providing public services by notaries in the field of state registration of property rights to immovable property

The scientific article is dedicated to highlighting the foreign experience of providing public services by notaries in the field of state registration of real property rights in the following countries: Bulgaria, Belarus, Russia, Poland, Czech Republic, Switzerland, Italy, Spain, Germany, France, USA, Australia, etc. As a result of the study of world experience, it was concluded that in order to effectively protect the rights to real estate of both private owners and the state, it is necessary to create a single registration system that will guarantee the reliability and transparency of the civil turnover of real estate. Ways of implementing foreign experience have been determined in order to improve the activities of the subjects of the public administration of Ukraine regarding the provision of public services by notaries in the field of state registration of property rights to immovable property. Attention is drawn to the fact that the Anglo-American system of registration of deeds regarding real estate objects consists in making an entry in the register at the free choice of the participants of the deed. It would be more appropriate to call this system a document accounting system, since registration is a technical operation. According to Anglo-American rules, the owner is the last bona fide purchaser of real estate. The transfer of ownership occurs as a result of the conclusion of the deed and possession of the object by the transferee. In the USA, the buyer must restore the entire chain of previous documents for the purchase of real estate. The deed can be declared invalid if the persons included or not included in the chain of transactions can assert rights to the real estate object. The lack of legal means is compensated by lawyers and insurance companies that specialize in checking the seller’s rights. Currently, the property loss insurance system is actively developing in the United States of America.

Analisis Efektifitas Sistem Informasi Akuntansi dalam Pengelolaan Klaim Asuransi Syariah di Indonesia

The sharia insurance industry is growing rapidly in Indonesia, but the management of insurance claims still faces challenges related to the effectiveness of accounting information systems. The study aims to analyze the effectiveness of accounting information systems in the management of sharia insurance claims. The research method used is a case study at one of the leading Shariah insurance companies. Data is collected through interviews, observations, and documentation studies. Data analysis is carried out qualitatively with a descriptive approach. The results of the research show that the accounting information system used has been quite effective in supporting the process of sharia insurance claims. However, there are some aspects that need to be improved, such as system integration, data quality, and compliance with Sharia principles. Recommendations to improve the effectiveness of accounting information systems include improving the functionality of systems, improving procedures, as well as enhancing the competence of human resources. Implementation of these recommendations is expected to improve the performance of sharia insurance companies and customer satisfaction.

Is Takaful (Islamic Insurance) More Efficient Than Conventional Insurance A Comparative Analysis Of Insurance Industry In Malaysia

The efficiency of the Malaysian insurance industry (II) has drawn increasing international attention as the country has a dual-insurance system that comprises conventional insurance (CI) and takaful (Islamic) insurance (TI). Therefore, the objectives of the present study are to evaluate the efficiency of the Malaysian II as well as compare the efficiencies of CI and TI in Malaysia. Secondary data, spanning 2013-2021, from 46 CI and 28 TI providers was used. The results of the data envelopment analysis (DEA) indicates that scale efficiency (SE) has a significantly larger impact on the impact the total efficiency (TE) of the Malaysian II than pure technical efficiency (PTE). Therefore, larger insurance companies, with higher SE, are better suited to deal with large-scale risks, while smaller insurance companies may need to diversify or reinsure to limit their risk. Meanwhile, the results of the parametric and non-parametric tests indicate that there is a significant difference between the efficiencies of the Malaysian CI and TI industries. More specifically, that the Shariah-compliant nature of the Malaysian TI industry is a more conservative investment approach. As such, it decreases the risk of losses and financial instability. The purpose of comparing the efficiencies of the Malaysian TI and CI industries was to stimulate innovation and competition in the Malaysian II.

The International Moral Economy of Saving Lives at Sea in the Late Ottoman Empire

This article discusses the international conditions and actions that in the mid-nineteenth century have led to the creation of a service to prevent shipwreck and save lives at the entrance to the Bosporus, at the time an increasingly important strategic and commercial global passage. The initiative for its creation originated in lobbying by the western shipping and insurance industry in Constantinople, the provision of expertise from the British Board of Trade, and the diplomacy of several foreign missions to the Ottoman government. Why did these actors go to such lengths to create a lifesaving service that could not be found at any other transit point of global trade in the nineteenth century? How to make sense of the framing of this initiative as ‘humanitarian’? The article uses the example of this Black Sea Lifesaving Service to address larger questions of the mixing of moral and material values in humanitarian projects.

Financial inclusion and Financial Performance: The interplay role of capital adequacy requirements in Egyptian Banks

PurposeFinancial inclusion aims to provide affordable financial services, including banking, loans, equity, and insurance products, to underserved populations. This study aims to examine the moderating effect of a bank’s capital adequacy ratio (CAR) on the nexus between financial inclusion (FI) and a bank’s financial performance (FP) in the Egyptian setting.Design/methodology/approachThe study uses two empirical linear mixed models (LMM) to test the moderation effect of a bank’s CAR on the association between FI and FP. The study sample comprises 360 bank quarter-observations of 10 listed banks in the Egyptian Stock Exchange (EGX) from 2013 to 2021.FindingsThe findings show that the bank’s CAR strengthens the association between FI dimensions, namely, deposit growth, loan growth, and the number of employees, and the bank’s FP with contradicted directions.Research limitations/implicationsThis study provides policymakers insights into the crucial role of complying with banking regulation, namely, the capital adequacy ratio (CAR) and expanding financial inclusion practices to enhance and improve the bank’s FP. Thus, encouraging more strategies and facilities toward financial inclusion.Originality/valueDue to the scarcity of financial inclusion literature in emerging economies, this paper extends FI literature by highlighting the moderation impact of a bank’s CAR on the relationship between FI dimensions and FP in the Egyptian banking sector. Consequently, this study clarifies this beneficial relationship, which may have significant implications for restoring the challenges faced by the Egyptian economy following the critical events it went through, which, in turn, impacted the country’s poor and vulnerable.