...Udo Klotzki; Alexander Bohnert; Nadine Gatzert; Ulrike Vogelgesang Purpose Due to the continuing low interest rate environment as well as the increase in acquisition costs, price transparency, cost transparency and competition with banks, the cost of life insurance becomes increasingly important...

...Hato Schmeiser; Joël Wagner Purpose The purpose of this paper is to analyze what transaction costs are acceptable for customers in different investments. In this study, two life insurance contracts, a mutual fund and a risk-free investment, as alternative investment forms are considered. The first...

... dimension in insurance markets of 56 developed and developing countries for 2005‐2009. Findings It was found that insurance consumption is lower in countries with an authority exclusively for insurance regulation but life insurance consumption is higher when the agency is part of government or when...

...Martin Eling; Michael Kochanski Purpose The purpose of this paper is to review research on lapse in life insurance and to outline potential new areas of research in this field. Design/methodology/approach The authors consider theoretical lapse rate models as well as empirical research on life...

...Joseph Oscar Akotey; Frank G. Sackey; Lordina Amoah; Richard Frimpong Manso Purpose The aim of this research is to assess the financial performance of the life insurance industry of an emerging economy. In particular the study delves into the major determinants of the profitability of the life...

... a_i to the annual life tables of UK males from 1980‐1982 to 2004‐2006 [5] . Hai Lin can be contacted at: cfc1080@gmail.com © Emerald Group Publishing Limited 2013 Insurance companies Life insurance Risk finance Modelling Survival rate Survivor derivatives Gamma distribution...

...Nadine Gatzert; Hannah Wesker Purpose Systematic mortality risk, i.e. the risk of unexpected changes in mortality and survival rates, can substantially impact a life insurers' risk and solvency situation. By using the “natural hedge” between life insurance and annuities, insurance companies have...

... is to look at the backtesting approach for measuring the consistency of SCR calculations for life insurance policies. Design/methodology/approach A multiperiod approach is suggested for correctly calculating the SCR in a risk management perspective, in the sense that the amount of capital necessary...

... a regression model to identify the key determinants of efficiency of the Ghanaian insurance industry. Findings The empirical results in the first stage suggest higher average efficiency scores for life insurance business than non‐life insurance companies. In the second stage, the authors observe...