Literature review on insurance

But new insurance products need to have state approval before they are allowed to be marketed, which is a slow process. The idea is that the passage of the fma opens doors for potential mergers and consolidations across banking, financial and insurance sectors, translating into abnormal positive returns for businesses that are the likely candidate for mergers and results of the study suggest that the largest returns to the fma passage were realized by large investment banks and insurance companies.

The econlit abstract of this book begins: "explores the behavior of individuals at risk, insurance industry decision-makers, and policymakers at the local, state, and federal levels involved in the selling, buying, and regulating of insurance. The insurance information institute routinely publishes a chart of financial and insurance products available through major financial services companies from all sectors (financials, securities, p/c insurance, and life insurance).

Discusses an introduction to insurance in practice and theory; anomalies and rumors of anomalies; behavior consistent with benchmark models; real-world complications; why people do or do not demand insurance; demand anomalies; descriptive models of insurance supply; anomalies on the supply side; design principles for insurance; strategies for dealing with insurance-related anomalies; innovations in insurance markets through multiyear contracts; publicly provided social insurance; and a framework for prescriptive recommendations. Ct:nathaniel hendren of harvard university reviews "insurance and behavioral economics: improving decisions in the most misunderstood industry", by howard c.

Also otherwise insurance are slower to adopt new ial reasons: return on equity for insurers was for 2000 only 7. Underwriters’ report, 92nd year, #19, 5/8/ author states that the insurance industry can defend itself against the invasion by banks through better customer service and greater use of technological , irene (2002).

Reports that, since the glb act of 1999, a few banks have acquired insurance firms and then citigroup split up again. The quarterly review of economics and finance 42 (2002): authors investigate how the passage of the financial services modernization act of 1999 (fma) affected stock prices of banks, thrifts, finance companies and insurance companies.

Banks have the trust of their customers and that would be a good distribution channel for life insurance, especially in the midlevel or mass could represent 3-4 different insurers therefore the insurance products need to be competitive (for the customer and the representative) and specific for bank employee selling. Article projects that banks would add 5-10 percent to their after tax profits if "they aggressively pursue their insurance opportunity.

Our donors and er-centric ting the poor: a microinsurance compendium school of insurance and risk e the adoption of the gramm-leach-bliley act (also called financial services modernization act) in november 1999, there have been few strategic attempts in consolidating financial and insurance businesses and some of them (i. Kb) close article support continuing to browse this site you agree to us using cookies as described in about cookies remove maintenance message to old article view ctthe 2010 affordable care act changed health insurance plans for both the insured and uninsured.

The financial review 35 (2000): authors first summarize previous literature that examined motives for combining bank and other financial services. In reviewing the most recent literature about the impact of microinsurance in developing countries, special attention is given to the issue of statistical identification of the impact, and to the need of highlighting the channels through which microinsurance affects the outcomes.

This could also be labeled as securitization of insurance risk and or "insurancization" of financial l, mary (1997). Chart demonstrates that all major financial services companies offer a diversified range of financial and insurance services.

L: +33 534 32 32 suivre sur continuing to browse this site you agree to us using cookies as described in about cookies remove maintenance message to old article view ctthe 2010 affordable care act changed health insurance plans for both the insured and uninsured. Banks are able to offer interactive online services, while insurance products apparently don’t lend themselves to it.

Size does not seem to be significant for insurance ry ong, ed and buse, p. Book review] journal of economic literature review for insurance and behavioral economics: improving decisions in the most misunderstood industry, by howard c.

She provides the following reasons for non-convergence:Regulation: financial and bank holding companies are federally regulated, insurance firms are state regulated. Method: this review was conducted using the preferred reporting items of systematic reviews and meta-analysis (prisma).

However, this quick response has not taken place, partly because of perception of risk in the insurance author also cites a research study by the federal reserve bank of atlanta that suggests that bank holding companies will add insurance products to their lines of business for sound reasons such as:Small increment costs presence of existing customer e e of interest rate risk in insurance compared with ' web-based marketing el, david (1995): "agents' worst nightmare: banks are gaining the edge to sell insurance in a big way". Given the sources of potential gains, it appears that life insurance companies with their limited underwriting risk and wide variety of other products offered to individual customers would be more attractive targets for banks than other types of insurance on these observations, the authors propose to test whether commercial banks, insurance companies, and brokerage firms were favorably affected by the citigroup/travelers merger for impending consolidation of financial services firms.

It offers implications for additional research, measurement of health insurance literacy, and development of educational programs to improve health insurance literacy in the united states. A search of ovid medline was conducted in may of 2016 for all years for peer-reviewed articles that included keywords related to “brain injuries” and “insurance status”.

Analysis of abnormal returns surrounding the merger show that life insurance companies and large banks experienced significant stock price increases, while the returns of stocks of smaller banks, health insurers, and property/casualty insurers remain relatively la, arturo. However, the authors find that the valuation effects are more favorable for brokerage firms than for commercial banks and for insurance y, the authors perform a cross-sectional analysis which concludes that the largest banks and the largest brokerage firms experience more favorable valuation than the smaller banks or smaller brokerage firms.