Economically developed countries hold much of its total wealth as financial savings, and they should faster experience higher rates of overall economic growth in the long run. Given the level of income made by economi...Economically developed countries hold much of its total wealth as financial savings, and they should faster experience higher rates of overall economic growth in the long run. Given the level of income made by economic entities and according to such correlation, their propensity to save can be generated. As a clear reflection of the development of the financial sector, insurance companies as financial intermediaries, through the mobilization of savings, contribute to the development of the entire financial sector. Analyzing the performance of insurance companies in Serbia, CARMEL method will be applied, which includes indicators for the presentation of quantitative criteria for the purpose of monitoring and analyzing the profitability of insurance companies consisting of a model that is the current methodology of the MMF. In addition to traditional financial instruments, derivative securities are traded in financial markets, promoting the development of financial markets, such as options, which are generators of potential growth of profitability. The aim of this paper is to show the growth potential of profitability in insurance companies, as well as decreasing risks which are connected to the business activities by the use of options.展开更多
China’s insurance industry has gradually picked up the pace to open the domestic insurance market along with the deepening reform of its insurance system. In addition to a few domestic insurance companies, some forei...China’s insurance industry has gradually picked up the pace to open the domestic insurance market along with the deepening reform of its insurance system. In addition to a few domestic insurance companies, some foreign insurance companies given approval to handle insurance business in China have also joined the market. In the face of the serious situation, how and what should China’s insurance industry do? To展开更多
With the development of Internet information technology, public financial management reform deepening, accounting focus Universities facing the management accounting change, the financial sector as a core sector unive...With the development of Internet information technology, public financial management reform deepening, accounting focus Universities facing the management accounting change, the financial sector as a core sector universities, data centers will become a big school and participate in school management, decision-making, analysis and forecasting. We analyzed the development of university management accounting brings opportunities and challenges, and puts forward some countermeasures. The arrival of the era of big data, data important asset cause rapid Internet Insurance sector is concerned. This paper describes the development of the insurance status of the Internet, combined with the opportunities and challenges facing the era of big data Internet Insurance is proposed under the era of big data Internet Insurance Development Strategy in order to provide reference for the healthy and rapid development of the Internet insurance. For the “Internet ＋”, Big Data applications in other industries to produce value-added effect polymerization, and the lack of coal mine large data mining the potential value of the use of problems in the research of coal mine production safety monitoring enterprise warning, large-scale mining and material handling equipment safety standard remote control of the whole life cycle, coal mining enterprises at all levels of production safety data sharing cloud services platform, cross-dimensional aspects of supply and demand and price forecasting perspective platform for big data application mode analysis, data mining by large technical team unified programming model and set standards in the interface protocol, security co-ordination and so do the pre-proposals. He pointed out that “Internet ＋”, the comprehensive application of big data will become an important means and ways to improve mine safety and production, to achieve lower costs, increase efficiency role.展开更多
With the expansion of agricultural industry operation scale, the development of agricultural insurance is in the ascendant, and at the same time, the industry competition is intensifying, and the problem is increasing...With the expansion of agricultural industry operation scale, the development of agricultural insurance is in the ascendant, and at the same time, the industry competition is intensifying, and the problem is increasingly prominent. Artificial intelligence technology is widely used in all walks of life, and its tentacles extend to agricultural insurance enterprises. As a technical means, the operation and management mode and service level of agricultural insurance companies are being changed. This paper first analyzes the motivation and reasons of artificial intelligence to empower agricultural insurance companies, and then discusses the strategy of artificial intelligence to continuously empower agricultural insurance companies, in order to accumulate experience and promote the development of "agriculture, rural areas and farmers".展开更多
With the economic development and social change, enterprises are also facing various risks and challenges. Among them, insurance companies have great uncertainty and risks due to the particularity of their industries....With the economic development and social change, enterprises are also facing various risks and challenges. Among them, insurance companies have great uncertainty and risks due to the particularity of their industries. In order to promote the steady development of insurance companies, financial risk control needs to be strengthened. This paper discusses the main manifestations of financial risks, as well as the causes of financial risks and solutions, in order to continuously promote the stable development of China's insurance companies and social development.展开更多
In performance analysis with tools such as data envelopment analysis,calculations of scale properties of the frontier points are studied using both qualitative and quantitative approaches.When the production process i...In performance analysis with tools such as data envelopment analysis,calculations of scale properties of the frontier points are studied using both qualitative and quantitative approaches.When the production process is a bit complicated,the calculation needs to be modified.Most existing studies are focused on a single-stage production process under the constant or variable returns to scale specification.However,some processes have two-stage structures,and,in such processes,the concepts of scale elasticity and returns to scale are inextricably related to the conditions of the stages of production.Thus,an evaluation of efficiency,scale elasticity,and returns to scale is sensitive to stages.In this study,we introduced a procedure to calculate technical efficiency and scale elasticity in a two-stage parallel-series production system.Then,our proposed technical efficiency and scale elasticity programs are applied to real data on 20 insurance companies in Iran.After applying our estimations to a real-world insurance industry,we found that,(i)overall,the total inputs of insurers in the life insurance sector should be reduced by 9%.Moreover,the inputs of nonlife insurers should be reduced by 50%.The final output in the investment sector must be increased by 48%.(ii)There are inefficiencies among all insurers in the investment sector,and to improve technical efficiency,the income from investments should be increased significantly.(iii)Finally,the efficiency and elasticity characterizations of insurers are directly subject to stages.展开更多
The current portfolio model for property-liability insurance company is only single period that can not meet the practical demands of portfolio management, and the purpose of this paper is to develop a multiperiod mod...The current portfolio model for property-liability insurance company is only single period that can not meet the practical demands of portfolio management, and the purpose of this paper is to develop a multiperiod model for its portfolio problem. The model is a multistage stochastic programming which considers transaction costs, cash flow between time periods, and the matching of asset and liability; it does not depend on the assumption for normality of return distribution. Additionally, an investment constraint is added. The numerical example manifests that the multiperiod model can more effectively assist the property-liability insurer to determine the optimal composition of insurance and investment portfolio and outperforms the single period one.展开更多
China is now home to more than 200 million people above the age of60.Generally,the elderly are either supported by their children or live on pensions.In recent years,a new idea for senior care,the house for pension sc...China is now home to more than 200 million people above the age of60.Generally,the elderly are either supported by their children or live on pensions.In recent years,a new idea for senior care,the house for pension scheme,has become a hot topic.展开更多
文摘Economically developed countries hold much of its total wealth as financial savings, and they should faster experience higher rates of overall economic growth in the long run. Given the level of income made by economic entities and according to such correlation, their propensity to save can be generated. As a clear reflection of the development of the financial sector, insurance companies as financial intermediaries, through the mobilization of savings, contribute to the development of the entire financial sector. Analyzing the performance of insurance companies in Serbia, CARMEL method will be applied, which includes indicators for the presentation of quantitative criteria for the purpose of monitoring and analyzing the profitability of insurance companies consisting of a model that is the current methodology of the MMF. In addition to traditional financial instruments, derivative securities are traded in financial markets, promoting the development of financial markets, such as options, which are generators of potential growth of profitability. The aim of this paper is to show the growth potential of profitability in insurance companies, as well as decreasing risks which are connected to the business activities by the use of options.
文摘China’s insurance industry has gradually picked up the pace to open the domestic insurance market along with the deepening reform of its insurance system. In addition to a few domestic insurance companies, some foreign insurance companies given approval to handle insurance business in China have also joined the market. In the face of the serious situation, how and what should China’s insurance industry do? To
文摘With the development of Internet information technology, public financial management reform deepening, accounting focus Universities facing the management accounting change, the financial sector as a core sector universities, data centers will become a big school and participate in school management, decision-making, analysis and forecasting. We analyzed the development of university management accounting brings opportunities and challenges, and puts forward some countermeasures. The arrival of the era of big data, data important asset cause rapid Internet Insurance sector is concerned. This paper describes the development of the insurance status of the Internet, combined with the opportunities and challenges facing the era of big data Internet Insurance is proposed under the era of big data Internet Insurance Development Strategy in order to provide reference for the healthy and rapid development of the Internet insurance. For the “Internet ＋”, Big Data applications in other industries to produce value-added effect polymerization, and the lack of coal mine large data mining the potential value of the use of problems in the research of coal mine production safety monitoring enterprise warning, large-scale mining and material handling equipment safety standard remote control of the whole life cycle, coal mining enterprises at all levels of production safety data sharing cloud services platform, cross-dimensional aspects of supply and demand and price forecasting perspective platform for big data application mode analysis, data mining by large technical team unified programming model and set standards in the interface protocol, security co-ordination and so do the pre-proposals. He pointed out that “Internet ＋”, the comprehensive application of big data will become an important means and ways to improve mine safety and production, to achieve lower costs, increase efficiency role.
文摘With the expansion of agricultural industry operation scale, the development of agricultural insurance is in the ascendant, and at the same time, the industry competition is intensifying, and the problem is increasingly prominent. Artificial intelligence technology is widely used in all walks of life, and its tentacles extend to agricultural insurance enterprises. As a technical means, the operation and management mode and service level of agricultural insurance companies are being changed. This paper first analyzes the motivation and reasons of artificial intelligence to empower agricultural insurance companies, and then discusses the strategy of artificial intelligence to continuously empower agricultural insurance companies, in order to accumulate experience and promote the development of "agriculture, rural areas and farmers".
文摘With the economic development and social change, enterprises are also facing various risks and challenges. Among them, insurance companies have great uncertainty and risks due to the particularity of their industries. In order to promote the steady development of insurance companies, financial risk control needs to be strengthened. This paper discusses the main manifestations of financial risks, as well as the causes of financial risks and solutions, in order to continuously promote the stable development of China's insurance companies and social development.
文摘In performance analysis with tools such as data envelopment analysis,calculations of scale properties of the frontier points are studied using both qualitative and quantitative approaches.When the production process is a bit complicated,the calculation needs to be modified.Most existing studies are focused on a single-stage production process under the constant or variable returns to scale specification.However,some processes have two-stage structures,and,in such processes,the concepts of scale elasticity and returns to scale are inextricably related to the conditions of the stages of production.Thus,an evaluation of efficiency,scale elasticity,and returns to scale is sensitive to stages.In this study,we introduced a procedure to calculate technical efficiency and scale elasticity in a two-stage parallel-series production system.Then,our proposed technical efficiency and scale elasticity programs are applied to real data on 20 insurance companies in Iran.After applying our estimations to a real-world insurance industry,we found that,(i)overall,the total inputs of insurers in the life insurance sector should be reduced by 9%.Moreover,the inputs of nonlife insurers should be reduced by 50%.The final output in the investment sector must be increased by 48%.(ii)There are inefficiencies among all insurers in the investment sector,and to improve technical efficiency,the income from investments should be increased significantly.(iii)Finally,the efficiency and elasticity characterizations of insurers are directly subject to stages.
文摘The current portfolio model for property-liability insurance company is only single period that can not meet the practical demands of portfolio management, and the purpose of this paper is to develop a multiperiod model for its portfolio problem. The model is a multistage stochastic programming which considers transaction costs, cash flow between time periods, and the matching of asset and liability; it does not depend on the assumption for normality of return distribution. Additionally, an investment constraint is added. The numerical example manifests that the multiperiod model can more effectively assist the property-liability insurer to determine the optimal composition of insurance and investment portfolio and outperforms the single period one.
文摘China is now home to more than 200 million people above the age of60.Generally,the elderly are either supported by their children or live on pensions.In recent years,a new idea for senior care,the house for pension scheme,has become a hot topic.
