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Full-Text Articles in Insurance
Climate Change Preparedness In The Insurance Sector, Daniel Fischler
Climate Change Preparedness In The Insurance Sector, Daniel Fischler
Honors Scholar Theses
Climate change is the inevitable consequence of human activity since the industrial revolution began centuries ago. Assuming humanity survives and adapts to this scenario, there will be significant impacts on the economy and business. Under these circumstances, the insurance sector in particular will face challenges as the frequency and severity of losses increase due to climate change related events. This paper aims to analyze various options for allowing insurance to maintain viability in this changing environment. The general issue for the future is premiums must be commensurate with climate change related risk in affected areas. As a result, certain coastal …
Evaluating The Cost Of A Lapse In Life Insurance And Its Implications On Developing A Policyholder Retention Strategy For A Company, Peiyi Zhang
Honors Scholar Theses
In the insurance industry, many companies focus on policyholder retention as one of their key tools to retain premiums collected from customers. Customers may lapse after their purchases. Insurance companies will not receive premiums and have to pay out surrender benefits which makes it costly for an insurer. Indeed, understanding the cost of a lapse is important to retain policyholders. This paper focuses on the cost of a lapse in life insurance, and its implications on developing policyholder retention strategies. The first part of the paper summarizes the general background of life insurance, lapses, and conservation strategies. The second part …
Evolution Of Insurance: A Telematics-Based Personal Auto Insurance Study, Yuanjing Yao
Evolution Of Insurance: A Telematics-Based Personal Auto Insurance Study, Yuanjing Yao
Honors Scholar Theses
Insurance has been constantly evolving since its inception; nowadays, insurance has become an indispensable part of people’s daily life. Nonetheless, very few individuals understand the mechanism behind their insurance coverage. This paper focuses on the evolution of personal auto insurances. The first part of the paper summarizes traditional pricing techniques for personal auto insurance and discusses their deficiencies. The second part of the paper introduces telematics insurance, an innovative form of auto insurance. This new kind of insurance integrates telematics as well as other technologies in the premium calculation process. The study proceeds to evaluate the pros and cons of …
A Changing Industry: An Analysis Of The Effects Of Direct-To-Consumer Advertising On The Insurance Industry, James Bonvicini
A Changing Industry: An Analysis Of The Effects Of Direct-To-Consumer Advertising On The Insurance Industry, James Bonvicini
Honors Scholar Theses
Direct-to-consumer selling is a shift in the strategies of many companies. As technology continues to play a prominent role in business, companies need to adapt to accommodate, and take advantage of, new opportunities that become available. Many insurance companies are now focusing on improving their direct-to-consumer selling efforts and attracting consumers with new online selling platforms. This thesis looks at the changes inside and outside of the industry that led to this direct method of selling and the impact that this has on the intermediaries in the industry, with a focus on property and casualty businesses. Additionally, this thesis takes …
Investment Strategies Amongst Property And Casualty Insurance Companies, Ryan J. Conforti
Investment Strategies Amongst Property And Casualty Insurance Companies, Ryan J. Conforti
Honors Scholar Theses
The purpose of this work is to take an in-depth look into the investment side of property and casualty insurance. Many P&C companies have thrived over the past century, and much of this success can be attributed to investment income. This thesis will examine how investment philosophy changes from firm to firm, while also looking at how strategies have changed over time. It will also look into the insurance “float,” and examine how investors such as Warren Buffett have utilized this instrument to their favor. Investing is a huge aspect of property and casualty insurance, and this piece will give …