43 results for “Insurance”

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Literature ReviewOpen accessEvery word in the titleInsurTech Integration: Reshaping the Insurance Value Chain in the Digital AgeAndrea Jonathan Pagano, Antonella Cappiello, Emanuele Vannucci, Chiara D’EliaTo face the radical changes that characterized the competitive scenario over the last years, the insurance industry is turning to digital transformation, adapting innovative business models like those increasingly seen in other industries. The paper explores the impact of ongoing digitization that is greatly affecting the insurance industry and forcing radical change upon corporate culture, products and processes, customer relationships, … …American Journal of Economics and Business Administration, Vol. 16, Issue 1 · 30 Dec 2024 · 8,870 accessesView PDF Cite

Research ArticleOpen accessEvery word in the titleFitting of Finite Mixture Distributions to Motor Insurance ClaimsP. Sattayatham, T. TalangtamProblem statement: The modeling of claims is an important task of actuaries. Our problem is in modelling the actual motor insurance claim data set. In this study, we show that the actual motor insurance claim can be fitted by a finite mixture model. Approach: Firstly, we analyse the actual data set and then we choose the finite mixture Lognormal distributions … …Journal of Mathematics and Statistics, Vol. 8, Issue 1 · 16 Jan 2012 · 9,300 accessesView PDF Cite

Research ArticleOpen accessEvery word in the titlePredicting Insurance Investment: A Factor Analytic ApproachSamuel Obi-Nnamdi Agwuegbo, Adetunji Philip Adewole, A. N. MaduegbunaProblem statement: In the last decade growing attention has been paid to the pattern of investments by the insurance industry and the question of how to evaluate such investments. In an economy where the capital market is huge and active, mathematical considerations come into play in the selection of investments to ensure yield maximisation. Approach: This study examined the use … …Journal of Mathematics and Statistics, Vol. 6, Issue 3 · 30 Sep 2010 · 7,498 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsThe Empirical Study of Japanese Deposit Withdrawal Behaviors on Unstable Financial EnvironmentToshihiko Takemura, Takashi Kozu, Tetsuro KobayashiProblem statement: We need to analyze to withdrawal behavior rather than deposit behavior on the situation which financial institutions might fail. However, there are few studies on withdrawal behavior although there are various studies on individual deposit behavior. Approach: Our purpose of this study is to investigate relationships between individual’s deposit withdrawal behavior and economic and psychological factors using micro … …American Journal of Economics and Business Administration, Vol. 3, Issue 2 · 7 Apr 2011 · 6,992 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsModel for Analyzing Counts with Over-,Equi-and Under-Dispersion in Actuarial StatisticsNaushad Mamode Khan, Maleika Heenaye-Mamode KhanProblem statement: Actuarial science has grown much popularity in the recent years due to the growth of insurance companies. In practice, the data involved in actuarial science are mostly counts which may be over-,equi-or under-dispersed. Many probability distributions were proposed to model such data such as the mixed Poisson distributions. However, the estimation methodologies based on such mixed Poisson distributions … …Journal of Mathematics and Statistics, Vol. 6, Issue 2 · 30 Jun 2010 · 7,602 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsNegative Binomial-Lindley Distribution and Its ApplicationHossein Zamani, Noriszura IsmailProblem statement: The modeling of claims count is one of the most important topics in actuarial theory and practice. Many attempts were implemented in expanding the classes of mixed and compound distributions, especially in the distribution of exponential family, resulting in a better fit on count data. In some cases, it is proven that mixed distributions, in particular mixed Poisson … …Journal of Mathematics and Statistics, Vol. 6, Issue 1 · 31 Mar 2010 · 15,678 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsA Multinomial Logit Based Evaluation of the Behavior of the Life Insureds in RomaniaCristian Dragos, Simona DragosThe Romanian life insurance market is in full expansion. There exists competition between insurance companies as well as between different products of the same company. In this article we describe a study using data that we collected from clients of a Romanian insurance company. We have observed two types of variables: attributes of the insurance products (e.g., profitability, risk), as … …American Journal of Applied Sciences, Vol. 6, Issue 1 · 31 Jan 2009 · 7,753 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsAnalysis of the Factors used by Farmers to Manage Risk. A Case Study on Italian FarmsAntonella Pontrandolfi, Fabian Capitanio, Felice Adinolfi, Barry GoodwinThe study analyses the strategies Italian farmers use to cope with the risks that face their production. We develop cross-sectional and longitudinal analyses as well as analyses of correlation that underline the main differences between the way farms adapt their structure and management towards risk. The expected output is an analysis of farms’ approach to risk management in relation to … …American Journal of Applied Sciences, Vol. 13, Issue 4 · 26 Apr 2016 · 7,633 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsA Practical Design of Anti-Theft Car Protection System Based on MicrocontrollerMohammed Abuzalata, Muntaser Momani, Sayel Fayyad, Suleiman Abu-EinProblem statement: This study presents a new design for an anti-theft protection System as an inexpensive solution to protect cars from theft and from non-authorized users by using microcontroller-based system. Approach: Three stages of protection to strengthen the security of the car: Firstly, when the user access the car by the car key and entered the wrong password, the power … …American Journal of Applied Sciences, Vol. 9, Issue 5 · 5 Mar 2012 · 8,404 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsAn Overview of Research Issues in the Modern Healthcare Monitoring System Design using Wireless Body area NetworkD. Suresh, P. AlliProblem statement: Healthcare is recognized various leading edge technologies and new scientific discoveries to enable better cures for diseases and better means to enable early detection of most life threatening diseases. The modern health care focused for optimally reducing the healthcare costs. Approach: The modern healthcare system enables medical professionals to remotely perform real-time monitoring, early diagnosis and treatment for … …American Journal of Applied Sciences, Vol. 9, Issue 1 · 5 Nov 2011 · 7,911 accessesView PDF Cite