Author: Mu-Sheng Chang
Publisher:
ISBN:
Category :
Languages : en
Pages : 136
Book Description
My dissertation consists of three essays. The first paper explores the determinants of the share of workers' compensation benefits provided by self-insured employers over the period 1983-2000. We examine hypotheses that the self-insurers' share is determined by industry affiliation, price level, firm size, along with statewide levels of loss severity and frequency. Prior studies have produced mixed results concerning whether self-insurers are primarily high-risk or low-risk. Our panel regression analysis indicates that a positive and statistically reliable relationship exists between self-insurance and the health services sector which is characterized by high nonfatal incidence rates. Our findings put forth evidence that employers in the high-risk health industry are very likely to self-insure. The second article explores the determinants of self-insurance for workers' compensation liability by hospitals. Using cross-sectional hospital data in Pennsylvania, this study examines firm-specific characteristics of self-insurers. The logistic regressions suggest a link between the control type of a hospital and self-insurance. Nonprofit hospitals are more likely to self-insure, while for-profit hospitals prefer market insurance. Aside from large size, self-insured hospitals are associated with concentration of businesses within a state and the self-insurance pattern of their competitors. The prevalence of self-insurance among hospitals provides evidence that high-risk employers tend to choose alternative risk transfer. The decision to self-insure can be isolated from residual market arguments. The third investigates whether insurance activities (underwriting and agency) enhance the financial performance of financial holding companies (FHCs). Stiroh and Rumble (2006) and Yeager et al. (2007) have argued that extension of banking to non-banking activities provides no diversification benefits for FHCs eligible to consolidate banking and insurance services. Using quarterly panel observations of 510 FHCs over the period 2003-2005, we obtain two main results: First, when we employ the aggregate non-interest income as a measure of expansion, risk-adjusted return of FHCs is positively associated with a shift toward non-interest activities. Second, when we disaggregate the sample by FHC size, risk-adjusted return is positively associated with insurance agency activities in small-sized FHCs and positively associated with insurance underwriting activities in large-sized FHCs. An implication of our finding is that both small and large FHCs can reap diversification benefits as long as they choose the right niche.
Alternative Risk Transfer for Workers' Compensation Liability and Insurance Activities in Financial Holding Companies
Author: Mu-Sheng Chang
Publisher:
ISBN:
Category :
Languages : en
Pages : 136
Book Description
My dissertation consists of three essays. The first paper explores the determinants of the share of workers' compensation benefits provided by self-insured employers over the period 1983-2000. We examine hypotheses that the self-insurers' share is determined by industry affiliation, price level, firm size, along with statewide levels of loss severity and frequency. Prior studies have produced mixed results concerning whether self-insurers are primarily high-risk or low-risk. Our panel regression analysis indicates that a positive and statistically reliable relationship exists between self-insurance and the health services sector which is characterized by high nonfatal incidence rates. Our findings put forth evidence that employers in the high-risk health industry are very likely to self-insure. The second article explores the determinants of self-insurance for workers' compensation liability by hospitals. Using cross-sectional hospital data in Pennsylvania, this study examines firm-specific characteristics of self-insurers. The logistic regressions suggest a link between the control type of a hospital and self-insurance. Nonprofit hospitals are more likely to self-insure, while for-profit hospitals prefer market insurance. Aside from large size, self-insured hospitals are associated with concentration of businesses within a state and the self-insurance pattern of their competitors. The prevalence of self-insurance among hospitals provides evidence that high-risk employers tend to choose alternative risk transfer. The decision to self-insure can be isolated from residual market arguments. The third investigates whether insurance activities (underwriting and agency) enhance the financial performance of financial holding companies (FHCs). Stiroh and Rumble (2006) and Yeager et al. (2007) have argued that extension of banking to non-banking activities provides no diversification benefits for FHCs eligible to consolidate banking and insurance services. Using quarterly panel observations of 510 FHCs over the period 2003-2005, we obtain two main results: First, when we employ the aggregate non-interest income as a measure of expansion, risk-adjusted return of FHCs is positively associated with a shift toward non-interest activities. Second, when we disaggregate the sample by FHC size, risk-adjusted return is positively associated with insurance agency activities in small-sized FHCs and positively associated with insurance underwriting activities in large-sized FHCs. An implication of our finding is that both small and large FHCs can reap diversification benefits as long as they choose the right niche.
Publisher:
ISBN:
Category :
Languages : en
Pages : 136
Book Description
My dissertation consists of three essays. The first paper explores the determinants of the share of workers' compensation benefits provided by self-insured employers over the period 1983-2000. We examine hypotheses that the self-insurers' share is determined by industry affiliation, price level, firm size, along with statewide levels of loss severity and frequency. Prior studies have produced mixed results concerning whether self-insurers are primarily high-risk or low-risk. Our panel regression analysis indicates that a positive and statistically reliable relationship exists between self-insurance and the health services sector which is characterized by high nonfatal incidence rates. Our findings put forth evidence that employers in the high-risk health industry are very likely to self-insure. The second article explores the determinants of self-insurance for workers' compensation liability by hospitals. Using cross-sectional hospital data in Pennsylvania, this study examines firm-specific characteristics of self-insurers. The logistic regressions suggest a link between the control type of a hospital and self-insurance. Nonprofit hospitals are more likely to self-insure, while for-profit hospitals prefer market insurance. Aside from large size, self-insured hospitals are associated with concentration of businesses within a state and the self-insurance pattern of their competitors. The prevalence of self-insurance among hospitals provides evidence that high-risk employers tend to choose alternative risk transfer. The decision to self-insure can be isolated from residual market arguments. The third investigates whether insurance activities (underwriting and agency) enhance the financial performance of financial holding companies (FHCs). Stiroh and Rumble (2006) and Yeager et al. (2007) have argued that extension of banking to non-banking activities provides no diversification benefits for FHCs eligible to consolidate banking and insurance services. Using quarterly panel observations of 510 FHCs over the period 2003-2005, we obtain two main results: First, when we employ the aggregate non-interest income as a measure of expansion, risk-adjusted return of FHCs is positively associated with a shift toward non-interest activities. Second, when we disaggregate the sample by FHC size, risk-adjusted return is positively associated with insurance agency activities in small-sized FHCs and positively associated with insurance underwriting activities in large-sized FHCs. An implication of our finding is that both small and large FHCs can reap diversification benefits as long as they choose the right niche.
The AI Revolution: Driving Business Innovation and Research
Author: Bahaa Awwad
Publisher: Springer Nature
ISBN: 3031543831
Category :
Languages : en
Pages : 1066
Book Description
Publisher: Springer Nature
ISBN: 3031543831
Category :
Languages : en
Pages : 1066
Book Description
Insurance and Issues in Financial Soundness
Author: Nigel Davies
Publisher: International Monetary Fund
ISBN: 1451856008
Category : Business & Economics
Languages : en
Pages : 45
Book Description
This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Publisher: International Monetary Fund
ISBN: 1451856008
Category : Business & Economics
Languages : en
Pages : 45
Book Description
This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Interpretations and Actions
Author: United States. Office of the Comptroller of the Currency
Publisher:
ISBN:
Category : Advisory opinions
Languages : en
Pages : 1028
Book Description
Publisher:
ISBN:
Category : Advisory opinions
Languages : en
Pages : 1028
Book Description
Dissertation Abstracts International
Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 668
Book Description
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 668
Book Description
Plunkett's Insurance Industry Almanac 2009: Insurance Industry Market Research, Statistics, Trends & Leading Companies
Author: Jack W. Plunkett
Publisher: Plunkett Research, Ltd.
ISBN: 1593921330
Category : Business & Economics
Languages : en
Pages : 487
Book Description
Everything you need to know about the business of insurance and risk management--a powerful tool for market research, strategic planning, competetive intelligence or employment searches. Contains trends, statistical tables and an industry glossary. Also provides profiles of more than 300 of the world's leading insurance companies--includes addresses, phone numbers, and executive names.
Publisher: Plunkett Research, Ltd.
ISBN: 1593921330
Category : Business & Economics
Languages : en
Pages : 487
Book Description
Everything you need to know about the business of insurance and risk management--a powerful tool for market research, strategic planning, competetive intelligence or employment searches. Contains trends, statistical tables and an industry glossary. Also provides profiles of more than 300 of the world's leading insurance companies--includes addresses, phone numbers, and executive names.
Plunkett's Insurance Industry Almanac 2008
Author: Jack W. Plunkett
Publisher: Plunkett Research, Ltd.
ISBN: 1593920970
Category :
Languages : en
Pages : 485
Book Description
Insurance and risk management make up an immense, complex global industry, one which is constantly changing. Competition continues to heat up, as mergers and acquisitions create financial services mega-firms. As the insurance industry grows more global, underwriters see huge potential in China, the world's fastest-growing business market. Meanwhile, technology is making back-office tasks easier and more efficient, while direct selling and e-commerce are changing the shape of the insurance industry. This carefully-researched book (which includes a database of leading companies on CD-ROM) is a complete insurance market research and business intelligence tool-- everything you need to know about the business of insurance and risk management. The book includes our analysis of insurance and risk management industry trends, dozens of statistical tables, an industry glossary, a database of industry associations and professional organizations, and our in-depth profiles of more than 300 of the world's leading insurance companies, both in the U.S. and abroad.
Publisher: Plunkett Research, Ltd.
ISBN: 1593920970
Category :
Languages : en
Pages : 485
Book Description
Insurance and risk management make up an immense, complex global industry, one which is constantly changing. Competition continues to heat up, as mergers and acquisitions create financial services mega-firms. As the insurance industry grows more global, underwriters see huge potential in China, the world's fastest-growing business market. Meanwhile, technology is making back-office tasks easier and more efficient, while direct selling and e-commerce are changing the shape of the insurance industry. This carefully-researched book (which includes a database of leading companies on CD-ROM) is a complete insurance market research and business intelligence tool-- everything you need to know about the business of insurance and risk management. The book includes our analysis of insurance and risk management industry trends, dozens of statistical tables, an industry glossary, a database of industry associations and professional organizations, and our in-depth profiles of more than 300 of the world's leading insurance companies, both in the U.S. and abroad.
Operational Risk
Author:
Publisher: Rma
ISBN:
Category : Business & Economics
Languages : en
Pages : 120
Book Description
Publisher: Rma
ISBN:
Category : Business & Economics
Languages : en
Pages : 120
Book Description
Riegle Community Development and Regulatory Improvement Act of 1994
Author: United States
Publisher:
ISBN:
Category : Community development
Languages : en
Pages : 136
Book Description
Publisher:
ISBN:
Category : Community development
Languages : en
Pages : 136
Book Description
Model Rules of Professional Conduct
Author: American Bar Association. House of Delegates
Publisher: American Bar Association
ISBN: 9781590318737
Category : Law
Languages : en
Pages : 216
Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Publisher: American Bar Association
ISBN: 9781590318737
Category : Law
Languages : en
Pages : 216
Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.