Printed from https://ideas.repec.org
IDEAS/RePEc search
IDEAS search now includes synonyms. If you feel that some synonyms are missing, you are welcome to suggest them for inclusion
- Ropponen, Olli & Kuusi, Tero & Valkonen, Tarmo (2022): The Life Insurance Gap in Finland
This report employs individual-level register data to study the coverage and amounts of voluntary term life insurances, the monetary losses following from the death of a breadwinner, and the life insurance gap arising as the difference of the two. ... We find that 8 % of the individuals have at least one type of term life insurance in the data. For them the average life insurance is 73 000 €. ... For those who have a voluntary life insurance the gap is on average close to zero. Therefore, the life insurance gap arises mainly among those people not having a life insurance at all.
RePEc:rif:report:129 Save to MyIDEAS - Wise William (2020): The Importance of the Efficiency of Mutual Life Insurers: A Comparison to Stock Life Insurers
Research background: Mutual companies are a major component of the life insurance industry worldwide and moreover are growing in importance. Efficiency, potentially affected by whether a life insurer company is mutual or stock, can determine how well said companies perform.Purpose: The aim of this paper is to demonstrate the importance of examining the efficiency of mutual and takaful (similar to mutuals) life insurance companies.Research methodology: This research coordinates 1) ideas regarding the size and importance of the mutual and takaful life industries worldwide, 2) theoretical aspects concerning how the efficiency of mutual/takafuls is expected to compare to that of stock insurers and 3) the outcomes of germane life insurance efficiency studies.Results: The outcomes of life insurance efficiency studies tend to show that, in total, stock insurers are more efficient than mutuals apart from one conspicuous element. As mutuals are substantial within several of the world’s largest life markets and the global life industry their being inefficient can be exceedingly negative. The overall conclusion is that such inefficiency can lead to dire economic problems so it is imperative to investigate the efficiency of mutuals/takafuls and perhaps the one element of stocks.Novelty: This article is the first to investigate the results of mutual/takaful life insurer efficiency studies in concert with the abovementioned theory and draws a vital conclusion regarding mutual/takaful life insurer inefficiency.
RePEc:vrs:foeste:v:20:y:2020:i:1:p:474-505:n:28 Save to MyIDEAS - Grosen, Anders & Løchte Jørgensen, Peter (2001): Life Insurance Liabilities at Market Value
This paper takes a contingent claim approach to the market valuation of equity and liabilities in life insurance companies. A model is presented which explicitly takes into account the facts that the holders of life insurance contracts (LICs) have the first claim on the company’s assets whereas equityholders have limited liability, that interest rate guarantees are common elements of LICs, and that LICs according to the so-called contribution principle are entitled to receive a fair share of any investment surplus.
RePEc:hhb:aarfin:2001_004 Save to MyIDEAS - Maria Văduva (2009): Life Insurances and their Influences on Reinsurances
Life insurance is an insurance concluded for a long period of time and reinsurance shall have to be a long-term reinsurance, otherwise the direct insurer may lose its hedge through reinsurance before the insurance agreement expires or pay an inadequate sum for the reinsurance with the insurance premiums it receives. In the case of life insurances, reinsurance agreements include provisions answering to the direct insurer’s need to benefit from long-term protection. In life insurances, almost all reinsurance agreements are proportional agreements, the greatest weight being held by surplus agreements.
RePEc:pet:annals:v:9:i:2:y:2009:p:325-328 Save to MyIDEAS - Sain, Zeljko & Selimovic, Jasmina (2013): Endowment Life Insurance
The aim of the paper that treats the actuarial model of insurance in case of survival or early death is to show the actuarial methods and methodology for creating a model and an appropriate number of sub-models of the most popular form of life insurance in the world. ... Finally, the financial repercussions of some models are presented at examples in insurance companies. The result of this paper is to show the spectrum of possible forms of capital endowment insurance which can be, without major problems, depending on the financial policy of the company, applied in actual practice. The conclusion of this paper shows the theoretical and the practical reality of this model, life insurance, and its quantitative and qualitative guidelines.
RePEc:ris:utmsje:0078 Save to MyIDEAS - Harris, Timothy & Yelowitz, Aaron (2015): Racial Disparities in Life Insurance Coverage
We evaluate the extent to which there are racial disparities in life insurance coverage using multiple years of the Survey of Income and Program Participation between 2001 and 2010. We find that African-Americans hold significantly more life insurance after controlling for other factors, especially employer-sponsored and whole life insurance. ... The findings on life insurance coverage and composition imply that earnings shocks due to mortality are not a contributing factor to racial disparities in wealth.
RePEc:pra:mprapa:64005 Save to MyIDEAS - Thomas Url (2012): Low Financial Returns Undermine the Life Insurance Business
With a modest increase of premium revenues by 1.1 percent in 2011, growth of Austria's private insurance companies remained below that of nominal GDP (+5 percent). Performance within the sector was uneven: while premium revenues in non-life and accident insurance rose by a hefty 7.2 percent, they fell by a surprisingly strong 7.3 percent in the life insurance branch. Fragile conditions on money and capital markets led to a squeeze in insurers' financial earnings in 2011 and to the rate of return on invested insurance capital converging towards the benchmark yield on federal government bonds.
RePEc:wfo:wquart:y:2012:i:4:p:256-264 Save to MyIDEAS - Harris, Timothy & Yelowitz, Aaron (2015): Nudging Life Insurance Holdings in the Workplace
Using administrative data from a large public university, we analyze a policy designed to increase employer-sponsored life insurance. The University always had a supplemental life insurance plan available for its workers. ... The increased provision of basic coverage therefore represents a nudge for employees to increase life insurance. The nudge increased life insurance holdings one-for-one, both in the short and long-run, even for workers who actively made changes to other fringe benefits. ... Data from a national sample of job changers show minimal crowd-out of individual market coverage from increased employer- sponsored life insurance.
RePEc:pra:mprapa:67150 Save to MyIDEAS - Tsu-Wei Yu & Yung-Ming Shiu (2014): Partnership between life insurers and their intermediaries
Purpose - – The purpose of this study attempts to fill the gap in the literature by investigating partnerships between life insurers and insurance intermediaries, the effects of these partnerships, and the parties' willingness to cooperate. Design/methodology/approach - – Data were collected in a survey of general managers of the insurance intermediaries in Taiwan and were analysed using in-depth interviews and questionnaires. ... The results have implications for managers of life insurers and their intermediaries. Originality/value - – This research is one of the first studies to conceptualize and empirically examine the partnerships of life insurers and insurance intermediaries.
RePEc:eme:mrrpps:v:37:y:2014:i:4:p:385-408 Save to MyIDEAS - Daniel Hartley & Anna L. Paulson & Katerina Powers (2017): What Explains the Decline in Life Insurance Ownership?
Life insurance ownership has declined markedly over the past 30 years, continuing a trend that began as early as 1960. In 1989, 77 percent of households owned life insurance (see figure 1). ... This article analyzes factors that might have contributed to the decline in life insurance ownership from 1989 to 2013. The focus of our analysis is on two broad sources of potential change in the demand for life insurance: changes in the socioeconomic and demographic characteristics of the population and changes in how those same characteristics are associated with the decision to purchase life insurance. In addition, we highlight the considerable diversity in life insurance ownership across education, income, and race and ethnicity and describe how trends in life insurance ownership vary across these groups.
RePEc:fip:fedhep:00029 Save to MyIDEAS