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Inside the Insurance Industry - Third Edition

Author : Kevin Glaser
Publisher : Inside the Insurance Industry - Third Edition
Page : 124 pages
File Size : 35,29 MB
Release : 2014-01-22
Category : Business & Economics
ISBN : 9780991038817

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This book is written in an easy-to-understand format that allows people with limited insurance experience to better understand various areas in the insurance industry. It contains just the right mix of broad and specific information.

Inside the Insurance Industry - Second Edition

Author : Kevin Glaser
Publisher : Lulu.com
Page : 124 pages
File Size : 30,84 MB
Release : 2011-07
Category : Business & Economics
ISBN : 9781257851713

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Kevin L. Glaser has been involved in the insurance industry for some 30 years, having been involved on the company side in underwriting and claims, and currently serves as a consultant, risk manager, and expert witness on insurance related issues. With his book, Inside the Insurance Industry, Glaser uses his in-depth knowledge of the industry to explore the truths and myths of insurance. He gives readers a glance at what the insurance industry is really like - including how to get through the industry jargon to get the best deal for your insurance dollar, and what the agents and brokers aren't telling you. New to the second edition: a new chapter on insurance litigation, updated claims department information, and much more.

Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management

Author : J. David Cummins
Publisher : Springer Science & Business Media
Page : 379 pages
File Size : 17,60 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 1461550459

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Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms. This is the first book to analyze the determinants of firm performance in the life insurance industry by identifying the `best practices' employed by leading insurers to succeed in this dynamic business environment. The book draws upon data from insurer financial statements as well as upon an extensive survey of life insurer management practices and strategic choices in distribution systems, information technology, mergers and acquisitions, human resources and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. Best practices are identified by measuring the economic efficiency of insurers and by comparing firms across the industry. Both cost and revenue efficiency are measured relative to best practice efficient frontiers consisting of the industry's dominant life insurance firms. Economies of scale and the effects of mergers and acquisitions on efficiency are also analyzed. Financial strategies are examined with specific reference to pricing policy, valuation of assets and liabilities, and the current state of firm-level risk management systems. The benchmarks established are the result of extensive fieldwork that identifies key financial risks and methodologies to both measure and manage them at the firm level. The results discussed in the book indicate that firm performance is significantly correlated with management practices and strategic choices. Thus, life insurers can improve profitability by adopting optimal combinations of strategies. The book contains important new material on the effects of strategic choices in product distribution systems, information technology, mergers and acquisitions, human resources, and financial risk management policies. In the area of efficiency, the methodology provides a new approach for identifying peer groups of insurers and measuring the performance of individual insurers relative to their peer group. On the topics of risk and pricing, new insights are offered relative to current methodologies and in regard to areas where improvement is clearly warranted. The book concludes with an analysis of the future opportunities and challenges in the life insurance industry facing managers, and the strategic options available to them to cope with these changes.

Health Insurance

Author : Michael A. Morrisey
Publisher : Asociation of University Programs in Health Administration/Health Administration Press
Page : 0 pages
File Size : 18,70 MB
Release : 2020
Category : Business & Economics
ISBN : 9781640551602

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History of Health Insurance in the United States -- The Affordable Care Act -- A Summary of Insurance Coverage -- The Demand for Insurance -- Adverse Selection -- Underwriting and Rate Making -- Risk Adjustment -- Moral Hazard and Prices -- Utilization Management -- Managed Care, Selective Contracting, and the Insurance Industry -- Provider Consolidation, Monopsony Power, and the Managed Care Backlash -- Insurance Market Structure, Conduct, and Performance -- Premium Sensitivity and Health Insurance -- Compensating Differentials -- Taxes and Employer-Sponsored Health Insurance -- Employers as Agents -- Health Savings Accounts and Consumer-Directed Health Plans -- The Small-Group Market -- The Individual Insurance Market -- Health Insurance Regulation -- High-Risk Pools -- An Overview of Medicare -- Retiree Coverage -- Medicaid, Crowd-Out, and Long-Term Care Insurance.

Risk Management for Insurers

Author : René Doff
Publisher :
Page : 322 pages
File Size : 37,34 MB
Release : 2011
Category : Insurance companies
ISBN : 9781906348618

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This fully updated user-friendly second edition will quickly help you get to grips with risk management terms and techniques, and how they relate specifically to the insurance industry. It also demonstrates how Solvency II is already shaping the regulatory agenda and its likely impact on the insurance industry.

Insurance and Behavioral Economics

Author : Howard C. Kunreuther
Publisher : Cambridge University Press
Page : 343 pages
File Size : 44,84 MB
Release : 2013-01-28
Category : Business & Economics
ISBN : 0521845726

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This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.

Handbook of Insurance

Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 1133 pages
File Size : 38,46 MB
Release : 2013-12-02
Category : Business & Economics
ISBN : 1461401550

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This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.

Technology and the Insurance Industry

Author : Antonella Cappiello
Publisher : Springer
Page : 123 pages
File Size : 23,6 MB
Release : 2018-02-23
Category : Business & Economics
ISBN : 3319747126

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The book analyzes the role of technology in the redefinition of the competitiveness of insurance markets. With a focus on the competitive challenges of InsurTech startup to the incumbent insurers, the book will discuss the strategic role of technology both in the development and in the distribution of insurance services and explore the customer relationship evolution following the digitalization of services offered. The book presents original theoretical and empirical contributions addressing how digitalization impacts the insurance environment and regulation, and how InsurTech development represents a threat for traditional companies, from Big Data analysis to digital devices, from personal interactivity to home automation systems development. The project’s key benefit is up-to-date analysis of the competitiveness of technology usage in the insurance field, with particular reference to the distributive variable and to the future trends of the customer relationship in the short and medium-long term. The book will be of particular interest to scholars and students of insurance and financial technology.