英语论文网

eople’s savings in order to bring its contribution towards financial stability. The study shows that the Romanian market is strongly under-insured due to a small amount of premiums and very low advance compared to the mature European. The reasons are largely related to insufficient tax incentives, lack of financial resources, understanding the need for insurance, the impact of the economic crisis, the high debt rate accumulated by the population years before the crisis, reduced credit, lower income levels and uncertainty about financial security and losses from insurance products that have an investment component. The low level of protection in Roman provides the biggest opportunity of the local insurance industry. Therefore, the professionalism of the insurance industry should be intensified, given the asymmetry between the consumers’ knowledge on the products and services.

 

Hamid and Osman (2009) had investigated the factors such as leverage, growth opportunities, expected bankruptcy costs, company size, managerial ownership, tax considerations, and regulated effects are the determinants of corporate demand for takaful in Malaysia. However, there was insignificant result in growth opportunities of the corporations and the corporate decision on property takaful put a sign that takaful operators may wish to make better reflect of risk management needs of enterprises in their product innovation and market strategies. The market to book value ratio will be used as a proxy for growth opportunities in line with previous studies. The market to book value ratio evaluates how much a company worth at present, in assessment with the amount of capital invested by current and past stockholders into it.

 

Casualty Actuarial Society suggested that Dynamic Financial Analysis (DFA) is an approach that reflects the vagueness engaged in modeling an insurance company. Stochastic variables are employed to symbolize factors that will influence the company’s operations. This approach rather than simply use a single best estimate of the effect, it leads to a range of potential results, along with their associated probabilities. DFA can be a very functional tool for both solvency testing and strategic planning. However, it is not the ultimate solution to all the problems of operating, or regulating, an insurance company due to the strategies that appear best based on DFA models will help an insurer, but not guarantee long-term success. With the application of mathematical modeling and accurate projection, DFA allows insurers to position themselves to better take advantage of opportunities and avoid potential problems. Nevertheless, it is expected that additional risks and developments beyond the ability of the model to quantify could be occur. DFA can be a significant help in managing an insurance company, but it will not provide managers with answers to all the problems that face the insurance industry due to insurance is too complex to be modeled completely.

 

Diacon, Fenn and O’Brien (2003) attempted to measure the size of reserve errors in the accident-year accounted business of UK general insurers. The result shown that the weighted 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。