• Title/Summary/Keyword: Life Insurance

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A Study on the International Competitiveness of Insurance Industry in the wake of the Fourth Industrial Revolutio (4차 산업혁명에 따른 보험산업의 국제경쟁력 변화에 대한 연구)

  • Park, Eunyub
    • Journal of Information Technology Applications and Management
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    • v.29 no.4
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    • pp.17-33
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    • 2022

  • This study measures the internal and external competitiveness of 35 OECD countries in the insurance industry. We analyze whether variables related to the Fourth Industrial Revolution affect international competitiveness by applying a nonlinear autoregressive distributed lag model. As a result, the competitiveness of life insurance foreign companies in internal is showing positive responses in high income inequality countries. In addition, insurance companies in countries with low income inequality have shown high performance in external. The non-life insurance industry is less sensitive to shocks than life insurance. This is because non-life insurance is a more dangerous industry than life insurance and there are many restrictions on policies and regulations. The reason is that non-life insurance is a more dangerous industry than life insurance and there are many restrictions on policies and regulations.

  • https://doi.org/10.21219/jitam.2022.29.4.017 인용 PDF KSCI

Insurance-Growth Nexus: Aggregation and Disaggregation

  • ZULFIQAR, Umera;MOHY-UL-DIN, Sajid;ABU-RUMMAN, Ayman;AL-SHRAAH, Ata E.M.;AHMED, Israr
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.665-675
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    • 2020

  • The aim of this article is to investigate the relationship between insurance and economic growth at aggregate and disaggregate level for the period 1982-2018. Very few studies have been carried out in this field, with contradictory results and using an aggregate data while, according to different authors, an aggregate data might provide spurious results. The author used Ordinary Least Squares Regressions (OLS) and Granger Causality tests to explore the strength and direction of the relationship between insurance and economic growth at an aggregate level. To check the relationship at disaggregate level life insurance, marine insurance, and property insurance are regressed on trade openness and investment, respectively. Non-life insurance at an aggregate level plays a positive and significant role in promoting economic growth, but life insurance has an insignificant impact on the Pakistan economy. On the other hand, non-life insurances at a disaggregated level such as marine insurance negatively affect a vital part of economic growth, i.e., trade. At the same time, property insurance has a significant and positive role in boosting investment. Life, marine, and property insurance Granger cause economic growth, trade, and investment in a single direction. Nevertheless, is a bi-directional relationship between economic growth and non-life insurance.

  • https://doi.org/10.13106/jafeb.2020.vol7.no12.665 인용 PDF KSCI HTML

Claims Insurance Medicine (클레임보험의학)

  • Lee, Sin-Hyung
    • The Journal of the Korean life insurance medical association
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    • v.30 no.2
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    • pp.8-11
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    • 2011

  • Insurance medicine has been known to medical risk selection. The role of insurance medicine is sound maintenance of insurance system. So it's function is medical underwriting of life risks. However, emerging market has insufficient medical epidemiological research that is necessary for estimation of extra-risk and such market is usually lack of full understanding of life insurance among insurance customers. This problem makes difficult of performing the medical underwriting, as an original insurance medicine. Medical contributions at the stage of claims adjudication comparing the coverage provided in the product, with the information provided in the claims, based on medical records and the agreement between them. This is called medical verification. The insurance doctors can also use their medical knowledge to help the claims staff with informing claimants about the medical basis of claims decisions.

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