life insurance
Measuring cost efficiency in the US life insurance industry: Econometric and mathematical programming approaches
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This paper presents a comparative analysis of frontier cost efficiency methodologies by applying a wide range of econometric and mathematical programming techniques to a data set consisting of 445 life insurers over the period 1988-1992. The primary objective is to
The antecedents of customer loyalty: An empirical investigation in life insurance context
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The present paper seeks to offer the most decipherable and widely applicable antecedents of customer loyalty. It explores the extant literature on customer loyalty and brings out seven variables which are responsible for formation of customer loyalty. Further, the relative
Securitization of life insurance assets and liabilities
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Securitization is one of the most important innovations of modern finance. The securitization process involves the isolation of a pool of assets or rights to a set of cash flows and the repackaging of the asset or cash flows into securities that are traded in capital markets. The
The adequacy of life insurance purchases
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In 1987, a total of 7.1 trillion dollars of face value life insurance was held by US households. Yet, despite this large aggregate, there remains the question of whether insurance purchases are appropriate to individual circumstances. The familiar adage that life
Financial market activity of life insurance companies and pension funds
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An important development in the financial markets of several industrial countries in recent decades has been the growth of longterm institutional investors and their increasing domination of the capital market. Aided by both demographic and financial market trends, it
Statistical aspects of joint life insurance pricing
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Joint life insurance policies can be issued to married couples so that the insurance payoff is due at the time of the first death of a spouse (joint-life policy) or the second death of a spouse (last survivor policy). In recent years, a certain attention in the actuarial industry has
Appendices to Urban Mortgage Lending by Life Insurance Companies
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(1) Find the number of the first loan made after January 1, 1920.(2) The number of the first loan selected for the sample should be the first number, after the number noted in (1), that ends in two zeros ie, the first number that is a multiple of 100. Select that ledger card and
Risk aversion in the theory of life insurance : the Fisherian model
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the role of life insurance in a Fisherian model (ie without a bequest motive) where its main role is to improve the opportunities for borrowing and hence expand the feasible consumption set. They define a measure of risk aversion and study the
Tax incentives, bequest motives and the demand for life insurance : Evidence from Germany
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Life insurance , in particular whole life insurance , plays an important role for private saving in Germany. Whole life insurance combines the insurance against uncertain death with a savings plan. Accordingly, a stylized model of life-cycle behavior would predict that whole
The retailing of life insurance in Nigeria: an assessment of consumers attitudes
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There is considerable unexploited potential for life insurance in Nigeria, due to the lack of confidence, based on years of negative experiences in the sector. On the other hand, consciousness of Nigerians coupled with the non-existence of social security system is
Customers perception towards service quality of life insurance corporation of India: A Factor Analytic Approach
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The service quality has become a highly instrumental co-efficient in the aggressive competitive marketing. For success and survival in todays competitive environment, delivering quality service is of paramount importance for any economic enterprise. Life
Are the elderly really over-annuitized New evidence on life insurance and bequests
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It is well established in the economics literature that annuities ought to be of substantial value to life-cycle consumers who face an uncertain date of death. Yaari (1965) proved that a life-cycle consumer with an uncertain lifetime and no bequest motives would find 100